BUZZ-Palo Alto Networks shares rise as KeyBanc upgrades rating

November 13 - ** Cybersecurity company Palo Alto Networks (stock code: PANW.O) saw its share price rise by 2.2%, to $329.75 in pre-market trading

** KeyBanc upgraded PANW rating from “Sector Weight” to “Overweight”, citing an increase in security budgets by 2027

** The brokerage believes PANW will be one of the main beneficiaries of the cybersecurity industry consolidation trend, with AI security and the growing threat of AI serving as major drivers
** KeyBanc also pointed out that the recent decline in share price offers investors an attractive buying opportunity; the stock has dropped nearly 19% this quarter

** The brokerage set a price target of $380, representing a nearly 18% premium over the company's recent closing price of $322.66

** As of the previous trading day close, the stock has gained more than 75% year-to-date, significantly outperforming the S&P 500 Software & Services Index .SPLRCIS, which has remained flat so far this year

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