Redburn Atlantic downgraded Palo Alto Networks (PANW) to Neutral from Buy with a price target of $325, down from $350. While near-term expectations have been reset after the announcement of Palo Alto’s “platformisation” strategy, consensus expects a sharp reacceleration in dollar growth from fiscal 2026 onwards, which is unlikely, the analyst tells investors in a research note. The firm says that while Palo Alto is exposed to the same optimization and deflationary environment as CrowdStrike (CRWD), a stock it downgraded today to Sell, it views Palo Alto as “more defensive as it is skewed to a sticker customer base and a wider moat.”
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% 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>>
Read More on PANW:
- Citi sees potential Wiz buyout as positive for Crowdstrike, Palo Alto
- Palo Alto Networks call volume above normal and directionally bullish
- Cantor Fitzgerald biotech analysts hold an analyst/industry conference call
- Oppenheimer says Google/Wiz transaction ‘positive’ for broader security coverage
- Cantor Fitzgerald software analysts hold an analyst/industry conference call