PALO ALTO NETWORKS ALERT: Bragar Eagel & Squire, P.C. is Investigating Palo Alto Networks, Inc. on Behalf of Long-Term Stockholders and Encourages Investors to Contact the Firm
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Palo Alto Networks (PANW) PT Raised to $285 at Macquarie
May 21, 2024 10:40 AM EDTMacquarie analyst Sarah Hindlian-Bowler raised the price target on Palo Alto Networks (NASDAQ: PANW) to $285.00 (from $270.00) while maintaining a Neutral rating.
The analyst comments "Palo reported a generally in-line FQ3'24, with total revenue of $1.98bn vs. consensus of $1.97bn and billings of $2.33bn vs. consensus of $2.34bn. EPS of $1.32 beat vs. consensus of $1.25. RPO... More
Rosenblatt Reiterates Neutral Rating on Palo Alto Networks (PANW)
May 21, 2024 6:47 AM EDTRosenblatt analyst Catherine Trebnick reiterated a Neutral rating and $300.00 price target on Palo Alto Networks (NASDAQ: PANW).
The analyst comments "Despite positive momentum in Q3 results, including a 40% Q/Q increase in platformization deals, 50% Y/Y NGS ARR growth, 23%... More
Wedbush Reiterates Outperform Rating on Palo Alto Networks (PANW)
May 21, 2024 6:44 AM EDTWedbush analyst Daniel Ives reiterated an Outperform rating and $375.00 price target on Palo Alto Networks (NASDAQ: PANW)
The analyst comments "Total revenues came in at $1.98 billion, coming in just above the Streets $1.97 billion estimate with RPO growing 23% y/y to $11.3 billion as... More
Goldman Sachs Reiterates Buy Rating on Palo Alto Networks (PANW)
May 21, 2024 6:41 AM EDTGoldman Sachs analyst Gabriela Borges reiterated a Buy rating and $310.00 price target on Palo Alto Networks (NASDAQ: PANW).
The analyst comments "PANW is indicated down 8%. 3QFY billings was in line, while revenue and EPS was 1%/5% ahead of the Street (FactSet). 4QFY... More
Deutsche Bank Reiterates Buy Rating on Palo Alto Networks (PANW)
May 21, 2024 6:37 AM EDTDeutsche Bank analyst Brad Zelnick reiterated a Buy rating and $330.00 price target on Palo Alto Networks (NASDAQ: PANW).
The analyst comments "We maintain our Buy rating post F3Q results that were largely in line with consensus expectations, though shy on... More
JPMorgan Reiterates Overweight Rating on Palo Alto Networks (PANW)
May 21, 2024 6:36 AM EDTJPMorgan analyst Brian Essex reiterated an Overweight rating and $340.00 price target on Palo Alto Networks (NASDAQ: PANW)
The analyst comments "Training investors to look past billings weakness could take a bit of time. PANW stock traded off over 8% after hours as billings was relatively in-line with sellside expectations but fell below investor expectations. In our view, the magnitude of last quarters $600mm cut to billings guidance likely gave investors the impression the company was setting expectations at more conservative levels, leading to anticipation of a healthy billings beat in the quarter. The... More
Jefferies Reiterates Buy Rating on Palo Alto Networks (PANW)
May 21, 2024 6:18 AM EDTJefferies analyst Joseph Gallo reiterated a Buy rating and $365.00 price target on Palo Alto Networks (NASDAQ: PANW).
The analyst comments "F3Q billings grew 3% yoy in-line with guidance but below elevated expectations. Normalized results were worse when considering fed traction & one large deal... More
Stifel Reiterates Buy Rating on Palo Alto Networks (PANW)
May 21, 2024 4:57 AM EDTStifel analyst Adam Borg reiterated a Buy rating and $330.00 price target on Palo Alto Networks (NASDAQ: PANW).
The analyst comments "Palo delivered a generally in-line print, with most metrics above consensus estimates (including NGS ARR +47%-Y/Y; RPO +23%-Y/Y) although billings grew... More
Wolfe Research Reiterates Outperform Rating on Palo Alto Networks (PANW)
May 21, 2024 4:56 AM EDTWolfe Research analyst Strecker Backe reiterated an Outperform rating and $315.00 price target on Palo Alto Networks (NASDAQ: PANW)
The analyst comments "The stock currently trades at ~30x EV/FCF FY +2 which is above its one, three and five-year historical average FCF FY +2 multiple of ~27x, 23x, and 21x, respectively. Compared to our Heavyweight Efficiency comp group... More
Palo Alto Networks (PANW) PT Raised to $334 at BMO Capital, 'The Journey Remains'
May 21, 2024 4:53 AM EDTBMO Capital analyst Keith Bachman raised the price target on Palo Alto Networks (NASDAQ: PANW) to $334.00 (from $327.00) while maintaining a Outperform rating.
The analyst comments "While we believe investors were expecting a billings beat and raise, our take is that PANW is... More
Wells Fargo Reiterates Overweight Rating on Palo Alto Networks (PANW)
May 20, 2024 6:41 AM EDTWells Fargo analyst Andrew Nowinski reiterated an Overweight rating and $385.00 price target on Palo Alto Networks (NASDAQ: PANW).
The analyst comments "Product Revenue Could Miss: We are less optimistic as it relates to product revenue, which could be down on a Y/Y basis. The consensus estimate... More
RBC Capital Reiterates Outperform Rating on Palo Alto Networks (PANW)
May 20, 2024 6:15 AM EDTRBC Capital analyst Matthew Hedberg reiterated an Outperform rating and $365.00 price target on Palo Alto Networks (NASDAQ: PANW)
The analyst comments "Based on positive checks, we look for slight upside to estimates against what we see as a consolidating security spending environment.... More
