On Nov 15, major Wall Street analysts update their ratings for $Palo Alto Networks (PANW.US)$, with price targets ranging from $435 to $446.
Morgan Stanley analyst Hamza Fodderwala maintains with a buy rating, and maintains the target price at $446.
Baird analyst Shrenik Kothari maintains with a buy rating.
Stifel analyst Adam Borg maintains with a buy rating, and adjusts the target price from $385 to $440.
KeyBanc analyst Eric Heath maintains with a buy rating, and maintains the target price at $435.
Furthermore, according to the comprehensive report, the opinions of $Palo Alto Networks (PANW.US)$'s main analysts recently are as follows:
Expectations for Palo Alto Networks' bottom line are attractive, and the top-line setup is considered decent. The attention of investors is drawn towards the guidance on free cash flow and remaining performance obligations as the company makes a transition from billings to a focus on remaining performance obligations and annual recurring revenue, with an emphasis on platformization and multi-year commitments.
The sentiment surrounding Palo Alto Networks is positive ahead of its fiscal Q1 results, with indications from checks suggesting robust demand in the cyber spending landscape and a strong October quarter. The expectation is for the company to report results that meet or exceed top-line forecasts, with future guidance anticipated to be consistent with or slightly higher than previous expectations, contingent on the performance.
Here are the latest investment ratings and price targets for $Palo Alto Networks (PANW.US)$ from 4 analysts:
Note:
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