Loop Capital analyst Yum Kim upgraded Palo Alto Networks to Buy from Hold with a price target of $200, up from $183. The analyst states that industry checks suggest that the enterprise business is showing signs of accelerating momentum driven by an increase in large deal activity. This positive momentum is set to continue for some time given the prolonged tail of the current product refresh cycle, and he is expecting strong Q1 results driven by a strong contribution from its enterprise business, Kim tells investors in a research note.
Published first on TheFly
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