Roth MKM analyst Catharine Trebnick raised the firm’s price target on Palo Alto Networks to $230 from $220 and keeps a Buy rating on the shares after its Q2 results. The company reported a beat across all key metrics for the quarter and lifted its billings, profitability, and adjusted free cash flow outlook for FY23, the analyst tells investors in a research note. Palo Alto’s over-$10M deals also grew 144% Y/Y and comprised models across all three platforms, the firm added.
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