Palo Alto Networks (PANW) PT Raised to $300 at RBC Capital
RBC Capital analyst Matthew Hedberg raised the price target on Palo Alto Networks (NYSE: PANW) to $300.00 (from $260.00) while maintaining a Outperform rating following strong results.
Hedberg commented, "Palo Alto delivered a strong quarter as the model continues to demonstrate impressive results at scale. We remain bullish on its opportunity to secure and consolidate spending at the network, endpoint, and cloud, and we are seeing the success in results. Guidance seems reasonable/beatable, which should make for a good setup into the 2H/19."