Barclays analyst Saket Kalia raised the firm’s price target on Palo Alto Networks to $350 from $325 and keeps an Overweight rating on the shares ahead of the earnings report on August 19. The firm thinks the company could beat fiscal Q4 billings and provide an revenue performance obligations guide instead of billings guide for fiscal 2025. It expects an RPO guide of high teens to 20% growth in fiscal 2025, implying low teens RPO bookings growth.
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