Palo Alto Networks (PANW) PT Raised to $183 at Jefferies

Jefferies raised its price target on Palo Alto Networks (NYSE: PANW) to $183.00 (from $168.00) while maintaining a Buy rating following Q1 results and guidance that beat.

Analyst John DiFucci highlighted the momentum upswing and believes guidance is attainable, if not prudent. Further, he noted strength was across all geographies: Americas +25%, EMEA +35%, and APAC +25%.

The firm raised FY18 EPS from $3.29 to $3.39 and FY19 EPS from $4.24 to $4.39.

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