Bernstein initiated coverage of Palo Alto Networks with an Outperform rating and $402 price target. Palo Alto’s platform play appears well-positioned, and may help grow top line 3-4x by 2030, and put FY26 growth +15% above consensus, the analyst tells investors in a research note. The company has a good-enough product and has a clear competitive swim lane in a large market, the firm argues.
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