Raymond James analyst Adam Tindle downgraded Palo Alto Networks to Market Perform from Outperform. Since May 2021, a period when Palo Alto Networks had underperformed peers, but the firm’s work suggested an upcoming period of broader platform sales with larger deal sizes that the firm thought would ultimately lead to a period of healthy growth and incremental profitability, the analyst tells investors in a research note. The firm maintains that Palo Alto Networks is a “great company” and that its execution has been “stellar.”
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on PANW:
- Palo Alto Networks management to meet with Oppenheimer
- GE upgraded, Northrop Grumman downgraded: Wall Street’s top analyst calls
- Palo Alto Networks initiated with bullish view at Susquehanna, here’s why
- Palo Alto Networks initiated with a Positive at Susquehanna
- Palo Alto Networks price target raised by $45 at Mizuho, here’s why