Redburn analyst Nina Marques initiated coverage of Palo Alto Networks with a Buy rating and $270 price target. The Buy rating is supported by her view of Palo Alto as the leader in its main area of network security and continued strong demand for firewall security, Marques tells investors. She believes Palo Alto can deliver both growth and free cash flow margins "at an attractive valuation."
Published first on TheFly
See Insiders’ Hot Stocks on TipRanks >>
Read More on PANW:
- Cyber Blues: CRWD Takes the Crowd Down in Flames
- Climb the Wall of Worry with These 5 “Strong Buy” Stocks
- ‘Make Choices With No Regrets’: Morgan Stanley Suggests 2 Stocks to Buy
- Palo Alto Networks Shares (NASDAQ: PANW) Pop on Earnings Beat
- Palo Alto Networks Reports Fiscal First Quarter 2023 Financial Results