Loop Capital raised the firm’s price target on Palo Alto Networks to $225 from $200 and keeps a Buy rating on the shares after its Q2 earnings beat. The analyst notes that the company continues to impress with yet another solid quarter driven by continued strength in its firewall business that is currently undergoing a major product refresh cycle. Loop Capital added that Palo Alto Networks is "flawlessly" executing its platform strategy to drive continued adoption of its non-firewall products, especially its "highly strategic" Next-Generation Security, or NGS, solutions.
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