Why Did Palo Alto Networks Stock Drop Today?
First, Palo Alto stock got a price target hike -- then it's stock dropped.
Overview
Palo Alto Networks (NASDAQ: PANW) stock closed down 4.9% on Wednesday -- which is kind of surprising, because according to one Wall Street analyst, the stock should go up as much as 30% over the next year.
Image source: Getty Images.
This morning, you see, Evercore ISI analyst Peter Levine raised his price target on Palo Alto Networks from $320 to $415. Instead of rising, however, Palo Alto stock fell... to almost precisely $320!
Details
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Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.