JPMorgan analyst Brian Essex initiated coverage of Palo Alto Networks with an Overweight rating and $195 price target. The anayst sees a "compelling setup" for the shares with 20% year-over-year revenue growth in 2023, expanding margins, "healthy" cash flow margins and a focus on shareholder return. The firm also placed Palo Alto on JPMorgan’s U.S. Equity Analyst Focus List as a growth pick.
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