Barclays lowered the firm’s price target on Palo Alto Networks (PANW) to $210 from $213 and keeps an Overweight rating on the shares. The company reported fiscal Q3 metrics that were broadly inline, with better annual recurring revenue but remaining performance obligation bookings slightly short as the month of April was tougher, the analyst tells investors in a research note. The firm now has more confidence in Palo Alto’s ARR growth in Q4 and fiscal 2026, but is “proactively trimming” its FY26 revenue growth forecast to 13%.
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>>
Read More on PANW:
- Palo Alto Networks: Strong Financial Performance and Strategic Growth Drive Buy Rating
- Palo Alto Networks Reports Strong Q3 2025 Growth
- Closing Bell Movers: Futures slip amid Middle East conflict risk
- Palo Alto Networks: Strong Financial Performance and Growth Metrics Justify Buy Rating
- PANW Earnings: Palo Alto Networks Dips despite Topping Estimates