Palo Alto projects downbeat second-quarter billings, shares fall
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Palo Alto Networks (PANW) downgraded at BofA on risk of prolonged billings pressure
November 17, 2023 5:30 AM ESTBank of America analyst Tai Liani downgraded Palo Alto Networks (NASDAQ: PANW) shares to Neutral from Buy with a price target lowered by $25 to $265 per share.
The analyst cites a risk of additional pressure on billings and FCF.
With the stock up 85% YTD and risk of additional billings growth weakness and further... More
