Palo Alto Networks stock (PANW) heads into Monday under pressure as targets fall again
Palo Alto Networks shares closed down 1.5% at $148.70 on Friday, extending a five-day slide to 11%. HSBC cut its price target to $114 and kept a Reduce rating. Cybersecurity stocks fell after Anthropic previewed a new “Claude Code Security” feature, raising concerns about AI competition for software budgets. Fortinet and CrowdStrike also dropped, despite gains in the broader market.