Palo Alto Networks (PANW) rises 12% on robust billings forecast; Analysts bulled-up

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Go back to Palo Alto Networks (PANW) rises 12% on robust billings forecast; Analysts bulled-up

This cybersecurity stock could double in value within next 3-4 years - Morgan Stanley

August 21, 2023 8:25 AM EDT

Morgan Stanley analysts have reiterated their projection that a leading cybersecurity stock could hit a market capitalization of $100 billion, which is representing over 40% potential upside from current levels. The stock is question is Palo Alto Networks (NASDAQ: PANW).

Analyst Hamza Fodderwala believes this event will occur within the next 12 months. Moreover, Morgan Stanley believes the stock could nearly double in value over the course of 3 to 4 years.

This is based on our 4-year view of revenue doubling (~19% CAGR), EPS more than doubling (>25% CAGR) and ~19% CAGR in... More

Palo Alto Networks (PANW) PT Raised to $295 at TD Cowen

August 21, 2023 6:26 AM EDT

TD Cowen analyst Shaul Eyal raised the price target on Palo Alto Networks (NASDAQ: PANW) to $295.00 (from $260.00) while maintaining a Outperform rating.

The analyst commented, "Solid F4Q results and FY26 outlook calling for billings and rev growth of 17-19% are viewed favorably.... More

Palo Alto Networks (PANW) PT Raised to $275 at BMO Capital

August 21, 2023 5:05 AM EDT

BMO Capital analyst Keith Bachman raised the price target on Palo Alto Networks (NASDAQ: PANW) to $275.00 (from $235.00) while maintaining a Outperform rating.... More

Palo Alto Networks (PANW) PT Raised to $270 at Deutsche Bank

August 21, 2023 4:58 AM EDT

Deutsche Bank analyst Brad Zelnick raised the price target on Palo Alto Networks (NASDAQ: PANW) to $270.00 (from $225.00) while maintaining a Buy rating.... More

Palo Alto Networks (PANW) PT Raised to $270 at BTIG

August 21, 2023 4:46 AM EDT

BTIG analyst Gray Powerll raised the price target on Palo Alto Networks (NASDAQ: PANW) to $270.00 (from $259.00) while maintaining a Buy rating.... More

Palo Alto Networks (PANW) PT Raised to $295 at Evercore ISI

August 21, 2023 4:34 AM EDT

Evercore ISI analyst Peter Levine raised the price target on Palo Alto Networks (NASDAQ: PANW) to $295.00 (from $240.00) while maintaining a Outperform rating.... More

Palo Alto Networks (PANW) PT Raised to $304 at Morgan Stanley

August 21, 2023 4:32 AM EDT

Morgan Stanley analyst Hamza Fodderwala raised the price target on Palo Alto Networks (NASDAQ: PANW) to $304.00 (from $302.00) while maintaining a Overweight rating.... More