RBC Capital raised the firm’s price target on Palo Alto Networks (PANW) to $232 from $225 and keeps an Outperform rating on the shares. The company posted strong results against mixed sentiment while its guidance was better than expected, the analyst tells investors in a research note. RBC adds that it is positive on the management’s commentary around a more confident posture from customers and the extension of the 37% free cash flow margin target to FY27, which tackles a key bear argument.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% 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 price target raised to $225 from $218 at DA Davidson
- Palo Alto Networks price target raised to $195 from $190 at Deutsche Bank
- Palo Alto Networks price target raised to $230 from $210 at TD Cowen
- Palo Alto Networks price target raised to $200 from $190 at UBS
- Palo Alto Networks price target raised to $200 from $193 at Piper Sandler