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Palo Alto Networks (PANW) PT Raised to $400 at FBN Securities

FBN Securities analyst Shebly Seyrafi raised the price target on Palo Alto Networks (NASDAQ: PANW) to $400.00 (from $350.00) while maintaining a Outperform rating.

The analyst comments "We retain our Outperform rating on PANW and raise our PT from $350 to $400 following better than expected FQ4 results in which RPO grew by... More

Palo Alto Networks (PANW) PT Raised to $400 at Wedbush

Wedbush analyst Daniel Ives raised the price target on Palo Alto Networks (NASDAQ: PANW) to $400.00 (from $375.00) while maintaining a Outperform rating.

The analyst comments "We continue to believe the platform approach in cyber security is the right long-term move for PANW and... More

Estee Lauder (EL) PT Lowered to $100 at Morgan Stanley

Morgan Stanley analyst Dara Mohsenian lowered the price target on Estee Lauder (NYSE: EL) to $100.00 (from $140.00) while maintaining a Equalweight rating.

The analyst comments "We remain EW, with uncertain LT topline growth given category weakness (China/travel retail), EL market share struggles (outsized exposure to these areas/underlying softness), and execution risk, albeit with CEO change a potential catalyst and seemingly conservative... More

Palo Alto Networks (PANW) PT Raised to $330 at Piper Sandler

Piper Sandler analyst Rob Owens raised the price target on Palo Alto Networks (NASDAQ: PANW) to $330.00 (from $300.00) while maintaining a Neutral rating.

The analyst comments "Platformization momentum accelerated to end F'24, with the number of platformization deals up 50%+ in 4Q. This... More

Palo Alto Networks (PANW) PT Raised to $395 at Deutsche Bank

Deutsche 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

Estee Lauder (EL) PT Lowered to $105 at Deutsche Bank

Deutsche Bank analyst Steve Powers lowered the price target on Estee Lauder (NYSE: EL) to $105.00 (from $108.00) while maintaining a Hold rating.

The analyst comments "In the background, EL continues to navigate a CFO succession, and is simultaneously now conducting a CEO search following the announced... More

BofA Securities Reiterates Neutral Rating on Palo Alto Networks (PANW)

BofA Securities analyst Tal Liani reiterated a Neutral rating and $370.00 price target on Palo Alto Networks (NASDAQ: PANW).

The analyst comments "Palo Alto Networks reported a strong quarter with NGS ARR up ~43% YoY vs. Streets 38.1%, fueled by progress across all next-generation security... More

Goldman Sachs Reiterates Buy Rating on Palo Alto Networks (PANW)

Goldman 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)

Wolfe 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 $390 at BMO Capital

BMO Capital analyst Keith Bachman raised the price target on Palo Alto Networks (NASDAQ: PANW) to $390.00 (from $334.00) while maintaining a Outperform rating.

The analyst comments "We are not surprised that PANW is moving away from offering billings guidance, and we... More

Mizuho Reiterates Outperform Rating on Palo Alto Networks (PANW)

Mizuho analyst Gregg Moskowitz reiterated an Outperform rating and $380.00 price target on Palo Alto Networks (NASDAQ: PANW).

The analyst comments "PANW reported a very good close to its fiscal year, as F4Q revenue growth upside was more than usual, while... More

Guggenheim Reiterates Neutral Rating on Palo Alto Networks (PANW)

Guggenheim analyst John DiFucci reiterated a Neutral rating on Palo Alto Networks (NASDAQ: PANW).

The analyst comments "Key Message: Palo Alto Networks reported decent F4Q24 results with revenue and cash flow largely in line to a bit above consensus estimates, while NGS ARR and EPS were better. Importantly, our calculation of Total New ARR grew modestly (+2%) after three consecutive quarters of decline, though it was against an easier comp. Included in Total New ARR are: NGS components included in Product, Subscription, and Support, along with current... More

Palo Alto Networks (PANW) PT Raised to $400 at Jefferies

Jefferies analyst Joseph Gallo raised the price target on Palo Alto Networks (NASDAQ: PANW) to $400.00 (from $365.00) while maintaining a Buy rating.

The analyst comments "F4Q billings grew 11% yoy vs Cons 9%. While the shifting of metrics muddies guidance (RPO impacted by... More

Estee Lauder (EL) PT Lowered to $130 at Evercore ISI

Evercore ISI analyst Robert Ottenstein lowered the price target on Estee Lauder (NYSE: EL) to $130.00 (from $180.00) while maintaining a Outperform rating.

The analyst comments "Estees fiscal 2025 guide assumes China and Asia Travel Retail will remain tough and unlikely to improve from Junes low: 1) Hainan duty-free sales did not stabilize after the anniversary of the daigou crackdown but declines accelerated instead, page 16; 2) Online... More

Palo Alto Networks (PANW) PT Raised to $395 at Evercore ISI

Evercore 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 $395 at Citi

Citi analyst Fatima Boolani raised the price target on Palo Alto Networks (NASDAQ: PANW) to $395.00 (from $385.00) while maintaining a Buy rating.

The analyst comments "Against elevated expectations shares, valuation near all-time highs PANW delivered an even-keeled print. NGS ARR (43% YoY, $4B+ scale +5pts... More

Estee Lauder (EL) PT Lowered to $130 at DA Davidson

DA Davidson analyst Linda Bolton Weiser lowered the price target on Estee Lauder (NYSE: EL) to $130.00 (from $191.00) while maintaining a Buy rating.

The analyst comments "BUY-rated EL reported a F4Q24 beat, with travel retail likely up >40%, driven by re-stocking in the... More

Palo Alto Networks (PANW) PT Raised to $415 at DA Davidson

DA Davidson analyst Rudy Kessinger raised the price target on Palo Alto Networks (NASDAQ: PANW) to $415.00 (from $380.00) while maintaining a Buy rating.

The analyst comments "FQ4 results were nicely ahead on almost all metrics, including Billings. Net New NGS ARR of... More

Palo Alto Networks (PANW) PT Raised to $395 at BTIG

BTIG analyst Gray Powerll raised the price target on Palo Alto Networks (NASDAQ: PANW) to $395.00 (from $366.00) while maintaining a Buy rating.

The analyst comments "PANW posted strong FQ424 results and the initial outlook for FY25 was broadly in-line with expectations across key metrics. Most notably, PANW posted billings growth of 10.8% y/y in Q424 ahead of... More

Goldman Sachs on Estee Lauder (EL): 'FY25 guidance missed expectations will weigh sharply on the stock today'

Goldman Sachs analyst Bonnie Herzog reiterated a Neutral rating and $115.00 price target on Estee Lauder (NYSE: EL).

The analyst comments "Our View - EL reported 4Q24 EPS of $0.64 (vs. GS/FactSet consensus $0.24/$0.26). Q4 organic sales growth of +8% was slightly higher than expectations, as strength in its EMEA segment was partly offset by weaker Americas and APAC. Gross margins were marginally lower than... More

JPMorgan Reiterates Overweight Rating on Estee Lauder (EL)

JPMorgan analyst Andrea Teixeira reiterated an Overweight rating and $129.00 price target on Estee Lauder (NYSE: EL).

The analyst comments "EL (OW) reported 4QFY24 adj. EPS of $0.64, well above high end of guidance range of $0.18 to $0.28 and also significantly above JPM/Street forecasts of... More

Stifel on Estee Lauder (EL): 'We anticipate EL shares underperform'

Stifel analyst Mark Astrachan reiterated a Buy rating and $165.00 price target on Estee Lauder (NYSE: EL).

The analyst comments "Estée Lauder Companies reported solid F4Q24 results with below-consensus first-time F2025 guidance. The company also announced president/CEO... More

Morgan Stanley on Estee Lauder (EL): 'Negative Stock Reaction'

Morgan Stanley analyst Dara Mohsenian reiterated an Equalweight rating and $140.00 price target on Estee Lauder (NYSE: EL).

The analyst comments "Negative Stock Reaction: EL reported Q4 EPS upside, announced its current CEO would be stepping down this fiscal year with a search including external/internal candidates ongoing,... More

Citi Reiterates Buy Rating on Estee Lauder (EL)

Citi analyst Filippo Falorni reiterated a Buy rating and $110.00 price target on Estee Lauder (NYSE: EL).

The analyst comments "As we highlighted in our preview with our negative short-term view and recent note assessing risks into the print (link here), EL... More

Estee Lauder (EL) CEO Fabrizio Freda to retire, earnings and revenue top consensus

(Updated - August 19, 2024 9:43 AM EDT)

Estee Lauder (NYSE: EL) announced Monday, ahead of its earnings release, that its CEO, Fabrizio Freda, will retire at the end of the fiscal year 2025.

Estee Lauder shares are down around 1.9% shortly after the open.

Freda, who has led the company for over 16 years, informed the Board of Directors of his decision, marking the beginning of a significant leadership transition for the global beauty giant.

The company has stated that it is well advanced in its CEO succession planning, having considered a range of... More

Palo Alto Networks (PANW) PT Raised to $345 at Rosenblatt

Rosenblatt 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