This Hot Growth Stock Could Soar Another 35%

Palo Alto Networks' (NASDAQ: PANW) terrific quarterly report and guidance prompted a spate of price target upgrades by Wall Street analysts, who believe that the company's outstanding growth is sustainable thanks to its presence in several hot cybersecurity niches. Let's look closely at Palo Alto's latest quarterly performance and check why this growth stock sports a Street-high price target of $740, which points toward a 39% upside from current levels. Palo Alto Networks has started its new fiscal year with a bang.