Palo Alto Networks Gains 3.5%, Boosted by NATO Deal and Analyst Upgrades

Palo Alto Networks shares climbed more than 3.5% on May 28.

The company announced a strategic, non-commercial cybersecurity partnership with NATO on May 27. Palo Alto Networks will collaborate with Microsoft and ESET to share threat intelligence and enhance alliance cyber resilience.

Financial analysts at Wedbush and Benchmark raised their price targets for the stock. Ongoing advancements in the company's AI-powered security platforms also contributed to the market gains.