BMO Capital on Palo Alto Networks (PANW): 'Broad Strength Continues'

BMO Capital analyst Keith Bachman reiterated an Outperform rating and $415.00 price target on Palo Alto Networks (NASDAQ: PANW).

The analyst commented: "Broad Strength Continues; PANW reported a solid quarter against high expectations. NGS ARR upside was similar to last quarter, and we highlight that both legacy/core NGS solutions and CyberArk/ Chronosphere contributed to the outperformance. Further, management is guiding to FY27 NGS ARR above our prior estimate/consensus, and we envision upside tension driven by strong post-Mythos security demands and cross-sell opportunities with CyberArk and Chronosphere. We continue to view PANW as one of the best positioned security vendors. We retain our Outperform rating and maintain our $415 target price."

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 $362.09 yesterday.

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