Palo Alto Networks stock climbs after report flags $400 mln Koi Security talks, analysts turn less bearish
Palo Alto Networks shares rose 1.7% to $182.46 after Israeli media reported the company is in talks to acquire Koi Security for about $400 million. Guggenheim upgraded the stock to neutral, while Piper Sandler raised its price target to $265. Cybersecurity stocks broadly gained, with the Global X Cybersecurity ETF up 1.2%. Investors await confirmation on the Koi deal and Palo Alto’s earnings, expected around Feb. 12.