News Summary

• Palo Alto Networks (PANW) reports earnings on Sept.
• Almost every day an analyst firm raised its price target for the company.
• The optimism helped push PANW stock higher, and shares jumped roughly 13% in a single trading session.
• Palo Alto shares have more than doubled this year alone, so plenty of good news is already priced in.
• A simple earnings beat may not be enough.
• The company likely needs a blowout quarter and strong guidance for the momentum to continue.