Palo Alto Networks is trading at $408.18, up 3.01%, on October 2 as softer-than-expected jobs data eased rate-hike concerns and markets rallied.
- Reuters reported U.S. futures and stocks rose as September payrolls increased by just 29,000.
- TD Cowen raised its price target to $440 from $400, maintaining a Buy rating; this company-specific positive action may have supported shares.
- The Nasdaq was up 1.25%, consistent with a broader risk-on move.