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S&P 500 Boosts Palo Alto Networks, Price Target Hiked: Apple, Tonix Pharmaceuticals, Ryanair, Aflac

  • June 03rd, 2023
  • 308 views

Palo Alto Networks Inc. (Nasdaq: PANW) is set to join the prestigious S&P 500 index, replacing DISH Network Corp. (Nasdaq: DISH), starting from Tuesday, June 20. 

The S&P 500 is widely regarded as a benchmark for the U.S. stock market, comprising 500 leading companies with significant market capitalization. As a constituent of the S&P 500, Palo Alto Networks will represent its industry among other major sectors. 

Following the announcement, $PANW experienced a positive after-hours trading session, reaching $229.39, reflecting a gain of $12.15 (5.59%).

Apple Inc. (Nasdaq: AAPL), a renowned technology company known for its innovative products and services, has seen its price target raised from $195 to $210 by Jefferies. 

This upward revision, based on Jefferies' analysis, indicates a potential upside of $29.05 (16.06%) for $AAPL from the closing price of $180.95 on Friday, according to the brokerage firm's view.

Tonix Pharmaceuticals Holding Corp. (Nasdaq: TNXP), a clinical-stage biopharmaceutical company, has witnessed its price target raised from $6.5 to $18 by Alliance Global Partners. 

With this adjustment reflecting Alliance Global Partners' analysis, there is a potential upside of $16.12 (857.45%) for $TNXP based on the closing price of $1.88 on Friday, as per the investment firm's perspective.

Ryanair Holdings plc (Nasdaq: RYAAY), a leading low-cost airline based in Ireland, has had its price target raised from $115 to $128 by Raymond James. 

This upward revision, according to Raymond James' assessment, implies a potential upside of $21.07 (19.71%) for $RYAAY from the closing price of $106.93 on Friday, as viewed by the investment firm.

Aflac Incorporated (NYSE: AFL), a major provider of supplemental insurance, has seen its price target raised from $70 to $71 by Morgan Stanley. 

With this adjustment reflecting Morgan Stanley's analysis, there is a potential upside of $1.40 (2.10%) for $AFL based on the closing price of $66.60 on Friday, as per the analysts' view.

 

THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY OR DIGITAL ASSET. Please consult with a professional investment advisor before purchasing or selling any securities viewed on or mentioned herein. (Read Full Disclaimer)

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