Palo Alto Networks price target raised to $410 from $280 at Stifel

Stifel raised the firm’s price target on Palo Alto Networks to $410 from $280 and keeps a Buy rating on the shares ahead of the reporting fiscal Q2 results after market close on February 20. Following quarter-end, the firm spoke with five cybersecurity resellers and integrators for an updated view on overall business trends, as well as a closer look at their Palo-specific results, and partner feedback was positive on both ongoing secular tailwinds and a strong Q2 for Palo, the analyst tells investors. The firm believes checks point to “an in-line to modestly-above print and at least a reaffirmed guide,” the analyst added.