Palo Alto Networks (PANW) just picked up another vote of confidence from Wall Street, and it arrived at a busy moment for the stock.

Shares closed at $247.55 on May 18, near a fresh all-time high reached days earlier.

For a stock that fell roughly 20% over the prior year, that swing matters to anyone holding it.

The new call gives investors something concrete to weigh before the company opens its books.

Morgan Stanley raises its PANW price target to $253 on firewall and AI security demand

Morgan Stanley analysts Meta Marshall and Keith Weiss raised their price target on Palo Alto Networks to $253 from…