The Fly

Palo Alto initiated with Overweight, added to Focus List at JPMorgan

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.

Published first on TheFly

See today’s best-performing stocks on TipRanks >>

Read More on PANW:

Tired of arriving late to the Big Returns Party?​
Most investors don’t have major gainers like TSLA or NVDA on their radar from the start.
The profusion of opinions on social media and financial blogs makes it impossible to distinguish between real growth potential and pure hype.
​​For the past decade, we have developed and perfected technology designed to help private investors, just like you, find the best opportunities, with the greatest upside potential, in any financial climate.​
Learn More