Maxim analyst Nehal Chokshi raised his price target on Palo Alto Networks to $212 after the company's Q2 results, stating that the management's bullish 2017 analyst day projections are poised to begin playing out in Q3 as sales productivity start to improve. Chokshi believes that the implied Q4 outlook also appears to be conservative given that the product refresh is driving the upside. The analyst keeps his Buy rating on Palo Alto Networks, adding that the power of the company's platform is also apparent from the ongoing subscription revenue increases.