Jefferies analyst Joseph Gallo reiterated a Buy rating and $225.00 price target on Palo Alto Networks (NASDAQ: PANW)

The analyst comments "RPO grew 19% yoy to $13.5B (vs $13.5-13.6B guide) w/ bookings stable at 12% yoy despite a 7 pt tougher comp. Prod grew 16% yoy beating cons by 8 pts while Sub rev grew 18% missing cons by 2 pts. Mgmt believes macro has stabilized vs April volatility which coupled with strong pipelines should help achieve 19-20% F4Q RPO guide. Despite topline metrics modestly missing expectations, FCF commentary indicates confidence which should culminate in ~$4.5B of FY27 FCF."

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Shares of Palo Alto Networks closed at $194.48 yesterday.