As previously reported, BTIG upgraded Palo Alto Networks (PANW) to Buy from Neutral with a $248 price target after speaking with seven contacts who were “surprisingly positive” and coming away from the checks with greater confidence in the company’s ability to achieve growth targets of 14% total revenue growth and 26% growth in NGS ARR in FY26. The firm, which notes that its FY26 and FY27 estimates are unchanged, thinks Palo Alto can maintain 12%-plus growth over the next few years.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% 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 upgraded to Buy from Neutral at BTIG
- Palo Alto Networks: Strong Market Position and Growth Potential Justify Buy Rating
- Jefferies US software analyst holds analyst/industry conference call
- Jefferies software analyst holds an analyst/industry conference call
- Palo Alto Networks management to meet with KeyBanc