Palo Alto Networks (PANW) PT Raised to $675 at BofA Securities

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Go back to Palo Alto Networks (PANW) PT Raised to $675 at BofA Securities

Palo Alto Networks (PANW) Should Grow into SaaS-Like Valuations, BofA Says in Target Hike

April 4, 2022 12:27 PM EDT

Shares of Palo Alto Networks (NASDAQ: PANW) are gaining 2% Monday after BofA Securities analyst Tal Liani raised his price target to $675 after upping the valuation metric used to 10x CY23E EV/Sales from 8x. The analyst is impressed by the transition... More