Rosenblatt upgraded Palo Alto Networks (PANW) to Buy from Neutral with a price target of $430, up from $390, driven by the “strong” Q1 performance and the evident success of its platform strategy, which is driving larger deals and “impressive” NGS ARR growth. The strategy, combined with the strong momentum of SASE and rapid adoption of Cortex/XSIAM, positions Palo Alto Networks for continued market leadership, the analyst tells investors.
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Read More on PANW:
- Palo Alto Networks upgraded to Buy from Neutral at Rosenblatt
- Palo Alto Networks price target raised to $435 from $420 at Susquehanna
- Palo Alto Networks price target raised to $415 from $380 at JMP Securities
- Palo Alto Networks price target raised to $435 from $425 at Baird
- Palo Alto Networks price target raised to $385 from $330 at Piper Sandler
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
