Palo Alto Networks (PANW) Surges on Strong Guidance, Accelerating Growth Prompts Analysts to Raise PTs Including a New Street-High from Morgan Stanley

Palo Alto Networks (PANW) PT Raised to $480 at BMO Capital

BMO Capital analyst Keith Bachman raised the price target on Palo Alto Networks (NYSE: PANW) to $480.00 (from $460.00) while maintaining an Outperform rating.

The analyst commented, "In our preview, we stated that we thought July quarter revenues and billings would have modest... More

Palo Alto Networks (PANW) PT Raised to $500 at Piper Sandler

Piper Sandler analyst Rob Owens raised the price target on Palo Alto Networks (NYSE: PANW) to $500.00 (from $450.00) while maintaining an Overweight rating following results.

The analyst commented, "Highlights include billings and revenue acceleration, the first quarter ever of $2B+ bookings, and impressive... More

Palo Alto Networks (PANW) PT Raised to $450 at Jefferies

Jefferies analyst Brent Thill raised the price target on Palo Alto Networks (NYSE: PANW) to $450.00 (from $420.00) while maintaining a Buy rating.

The analyst commented, "PANW easily crossed off investor concerns with 1) excellent 34% yoy F4Q billings growth & 21-22% yoy FY22 guidance, 2) alleviated supply... More

Palo Alto Networks (PANW) PT Raised to $480 at Baird

Baird analyst Jonathan Ruykhaver raised the price target on Palo Alto Networks (NYSE: PANW) to $480.00 (from $425.00) while maintaining a Outperform rating.

Palo Alto Networks (PANW) PT Raised to $509 at BTIG

BTIG analyst Gray Powerll raised the price target on Palo Alto Networks (NYSE: PANW) to $509.00 (from $460.00) while maintaining a Buy rating.

Palo Alto Networks (PANW) PT Raised to $475 at Cowen

Cowen analyst Shaul Eyal raised the price target on Palo Alto Networks (NYSE: PANW) to $475.00 (from $425.00) while maintaining an Outperform rating.

The analyst commented, "PANW's better than expected results and improved guidance should alleviate recent investors' concerns about potential margin erosion, mgnt shuffle, and... More

Palo Alto Networks (PANW) PT Raised to $490 at Stifel

Stifel analyst Adam C. Borg raised the price target on Palo Alto Networks (NYSE: PANW) to $490.00 (from $455.00) while maintaining a Buy rating following results.

The analyst commented, "Palo Alto delivered a strong F4Q21 print, with all key metrics ahead of guidance and... More

Palo Alto Networks (PANW) PT Raised to $525 at Mizuho Securities

Mizuho Securities analyst Gregg Moskowitz raised the price target on Palo Alto Networks (NYSE: PANW) to $525.00 (from $475.00) while maintaining a Buy rating following results.

The analyst commented, "PANW reported a truly impressive quarter. Billings growth of 34% Y/Y easily exceeded Street estimates for 23% growth,... More

UPDATE: Palo Alto Networks (PANW) PT Raised to $463 at Credit Suisse as Customer Metrics Impress

(Updated - August 24, 2021 8:56 AM EDT)

Credit Suisse analyst Sami Badri raised the price target on Palo Alto Networks (NYSE: PANW) to $463.00 (from $425.00) after the company reported strong F4Q results from a combination of best-in-class NGFW technology, an impressive next-gen security (NGS) portfolio, and a unique security platform strategy. FQ4 revenue of $1.219B, exceeded consensus estimates of... More

Palo Alto Networks (PANW) PT Raised to $475 at Oppenheimer

Oppenheimer analyst Shaul Eyal raised the price target on Palo Alto Networks (NYSE: PANW) to $475.00 (from $450.00) while maintaining a Outperform rating.... More

Palo Alto Networks (PANW) PT Raised to $420 at UBS

UBS analyst Fatima Boolani raised the price target on Palo Alto Networks (NYSE: PANW) to $420.00 (from $400.00) while maintaining a Neutral rating.... More

Palo Alto Networks (PANW) PT Raised to $535 at Barclays

Barclays analyst Saket Kalia raised the price target on Palo Alto Networks (NYSE: PANW) to $535.00 (from $500.00) while maintaining a Overweight rating.... More

Palo Alto Networks (PANW) PT Raised to $455 at JMP Securities

JMP Securities analyst Erik Suppiger raised the price target on Palo Alto Networks (NYSE: PANW) to $455.00 (from $430.00) while maintaining a Market Outperform rating.... More

Palo Alto Networks (PANW) Tops Q4 EPS by 16c; Guides FY22 Above Street

Palo Alto Networks (NYSE: PANW) reported Q4 EPS of $1.60, $0.16 better than the analyst estimate of $1.44. Revenue for the quarter came in at $1.2 billion versus the consensus estimate of $1.17 billion.

"Our strong Q4 performance was the culmination of executing on our strategy throughout the year, including product... More