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MARKETS LIVE BLOG:

STOCKS SLIDE AFTER META'S REALITY CHECK, WITH GDP ON DECK

Owner of Facebook and Instagram plans to spend up to US$10B on AI infrastructure investments

This Hot Growth Stock Could Soar Another 35%

Harsh Chauhan, The Motley Fool
·4 min read
This Hot Growth Stock Could Soar Another 35%

Palo Alto Networks' (NASDAQ: PANW) terrific quarterly report and guidance prompted a spate of price target upgrades by Wall Street analysts, who believe that the company's outstanding growth is sustainable thanks to its presence in several hot cybersecurity niches. Let's look closely at Palo Alto's latest quarterly performance and check why this growth stock sports a Street-high price target of $740, which points toward a 39% upside from current levels. Palo Alto Networks has started its new fiscal year with a bang.

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