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Keep an eye on rebounding shares of Palo Alto Networks (SYM: PANW). After bottoming out at about $284, the cybersecurity stock is now back to $331. From here, if it can break above $340 resistance, it could test $345 near term. Helping, analysts at Mizuho just named PANW a top idea, noting, "Our checks indicate an uptick in PANW demand for the first time in several quarters, and we raise our PT to $380 (was $350)," as noted by CNBC. 
Barclays also raised its price target on $350 with an overweight rating ahead of PANW earnings on Aug. 19. In addition, as noted by TheFly.com, "The firm thinks the company could beat fiscal Q4 billings and provide a revenue performance obligations guide instead of billings guide for fiscal 2025." Did you miss yesterday's Chart of the Day? Click here to view it now.
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