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Will Palo Alto Networks (PANW) Stock Gain as Nomura Sees 24% Upside?

NEW YORK (TheStreet) -- Palo Alto Networks (PANW - Get Report) hosted a user conference in Las Vegas yesterday where security professionals came together to discuss cybersecurity efforts. Following the meeting, Nomura is positive on the company's future.

The firm, which reiterated its "buy" rating on the stock with a $200 price target, said, "We continue to view Palo Alto Networks as one of the best-positioned vendors in the overall IT Security market."

The current price target represents a 24% upside to current levels.

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