Mizuho Securities analyst Gregg Moskowitz maintains $Palo Alto Networks (PANW.US)$ with a buy rating, and adjusts the target price from $400 to $450.
According to TipRanks data, the analyst has a success rate of 59.2% and a total average return of 13.5% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Palo Alto Networks (PANW.US)$'s main analysts recently are as follows:
The firm anticipates an appealing bottom-line scenario and a satisfactory top-line outlook for Palo Alto Networks. The focus among investors is expected to be on free cash flow and remaining performance obligations guidance as the company shifts from billings to a more subscription and commitment-based model, with an emphasis on long-term platformization and multi-year agreements.
Positive indicators have been observed in the cyber spending demand environment and Palo Alto Networks' performance in the October quarter. There is an anticipation of the company's financial report aligning with or exceeding expectations, especially concerning top-line figures. It is also expected that the guidance for FY25 will be reinforced or adjusted upwards in accordance with the results.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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