Guggenheim raised the firm’s price target on Palo Alto Networks (PANW) to $135 from $130 and keeps a Sell rating on the shares. Fiscal Q4 results were “largely in line with consensus to a little better,” while FY26 guidance was better than consensus estimates, the analyst tells investors. The firm believes the positive stock reaction was not about Q4, but about the better-than-expected guidance that implies New ARR “finally starts to grow,” though the analyst adds “it should given the easy comps.”
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