
Cybersecurity firm Palo Alto Networks' PANW.O shares rise 1.8% to $190.37 premarket
JP Morgan resumes coverage with "overweight" rating; sets PT at $235, implying an upside of 26.5% to stock's last close
Brokerage says $3.35 bln Chronosphere acquisition and pending $25 bln CyberArk acquisition are strategic initiatives that "strengthen PANW's platformization story"
Average rating of 54 analysts is "buy," their median PT is $230 - data compiled by LSEG
Up to last close, stock has risen 2.8% this year