Citizens JMP Reiterates Market Outperform Rating on Palo Alto Networks (PANW)

Citizens JMP analyst Trevor Walsh reiterated a Market Outperform rating and $212.00 price target on Palo Alto Networks (NASDAQ: PANW).

The analyst commented, "We maintain our Market Outperform rating and $212 price target on Palo Alto Networks, Inc. Palo Alto Networks currently trades at 37.0x CY26E EV/FCF multiple, while our $212 price target implies 37.7x CY26E EV/FCF. This represents a slight premium to the mean multiple of 31.7x CY26E EV/FCF for the peer group. We believe this valuation is warranted given the company's ambitious platform strategy and intelligent product expansion efforts to consolidate a wide swath of the total addressable cybersecurity market."

For an analyst ratings summary and ratings history on Palo Alto Networks click here. For more ratings news on Palo Alto Networks click here.

Shares of Palo Alto Networks closed at $208.18 yesterday.

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