Macquarie raised the firm’s price target on Palo Alto Networks to $285 from $270 and keeps a Neutral rating on the shares following the fiscal Q3 report. The company continues to implement its “platformization” strategy, stating “the only limiting factor seems to be on the execution capability,” the analyst tells investors in a research note. The firm says platformization along with a new artificial intelligence product suite are key to Palo Alto’s growth strategy.
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