Baird raised the firm’s price target on Palo Alto Networks (PANW) to $425 from $385 and keeps an Outperform rating on the shares. The firm previewed the quarer and sees an attractive bottom-line setup and a decent top-line setup, with investor focus on FCF and RPO guidance as the company transitioned from billings to RPO/ARR, emphasizing platformization/multi-year commitments.
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- Palo Alto Networks price target raised to $440 from $385 at Stifel
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