In a report released today, Peter Weed from Bernstein maintained a Buy rating on Palo Alto Networks, with a price target of $207.00.
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Peter Weed has given his Buy rating due to a combination of factors that highlight Palo Alto Networks’ strong financial performance and future growth prospects. The company concluded its fiscal year 2025 with significant revenue growth, surpassing expectations with a notable revenue beat for the fourth quarter. Additionally, the Next-Generation Security (NGS) Annual Recurring Revenue (ARR) exceeded guidance, demonstrating robust demand for their offerings.
Palo Alto Networks also provided optimistic guidance for fiscal year 2026, with revenue projections slightly above consensus and a strong outlook for NGS ARR. The company’s free cash flow and margin improvements further underscore its financial health. Moreover, the successful expansion of their customer base and new product lines, such as SASE and Prisma Cloud, indicate promising growth opportunities. These factors, combined with strategic acquisitions, support the Buy rating as Palo Alto Networks continues to strengthen its market position.
In another report released today, Jefferies also maintained a Buy rating on the stock with a $235.00 price target.