Palo Alto Networks (PANW) August weekly 345 straddle priced into quarter results
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Palo Alto Networks (PANW) PT Raised to $395 at Deutsche Bank
August 20, 2024 5:00 AM EDTDeutsche Bank analyst Brad Zelnick raised the price target on Palo Alto Networks (NASDAQ: PANW) to $395.00 (from $330.00) while maintaining a Buy rating.
The analyst comments "Despite some concerns around the July 19 CrowdStrike outage hampering consolidation forces within cyber, 'platformization' is winning the day for PANW with multiple customer success stories and supporting metrics including 90 new such deals in F4Q up from 65 in F3Q. The company boasts well over 1,000 'platformized' customers amongst their largest 5,000, along with healthy expansion rates and rising interest and activity among senior level customer execs. We believe... More
Goldman Sachs Reiterates Buy Rating on Palo Alto Networks (PANW)
August 20, 2024 4:50 AM EDTGoldman Sachs analyst Gabriela Borges reiterated a Buy rating and $376.00 price target on Palo Alto Networks (NASDAQ: PANW)
The analyst comments "Palo Alto reported an overall solid quarter: 4QFY (July) revenue was 1% above the Street and EPS 7% above (FactSet). FY25 guidance is for RPO growth of... More
Wolfe Research Reiterates Outperform Rating on Palo Alto Networks (PANW)
August 20, 2024 4:48 AM EDTWolfe Research analyst Joshua Tilton reiterated an Outperform rating and $385.00 price target on Palo Alto Networks (NASDAQ: PANW).
The analyst comments "Revenue and NGS ARR stood out, growing 12% and 43% Y/Y, and coming in 1.3% and 3.7% ahead of consensus, respectively. Total Billings... More
Palo Alto Networks (PANW) PT Raised to $395 at Evercore ISI
August 20, 2024 4:36 AM EDTEvercore ISI analyst Peter Levine raised the price target on Palo Alto Networks (NASDAQ: PANW) to $395.00 (from $385.00) while maintaining a Outperform rating.
The analyst comments "PANW delivered a strong quarter and provided an outlook that met expectations. The core of our Tactical Underperform (here) was the lack of confidence going into the print given all the moving pieces, and although the guidance wasnt one for the record books, it was good enough. As expected, mgmt will be transitioning away from providing a billings guide but gave us an FY25 target of... More
Palo Alto Networks (PANW) PT Raised to $345 at Rosenblatt
August 19, 2024 6:41 AM EDTRosenblatt analyst Catherine Trebnick raised the price target on Palo Alto Networks (NASDAQ: PANW) to $345.00 (from $300.00) while maintaining a Neutral rating.
The analyst comments "Palo Alto Networks is set to report its 4Q/FY24 results on Monday, 08/19 after the close, followed by a conference call at 4:30 pm ET. Our current Q4 estimates remain unchanged. We anticipate a solid... More
