RBC Capital analyst Matthew Hedberg raised his price target on Palo Alto Networks to $200 after Q2 earnings beat, saying the company enjoys the benefit of its "largest-ever product refresh" while its applications extend its value proposition to consolidate security spending. The analyst points to the management's assessment of growth drivers through improved salesforce execution, competitive strengths of the platform, and new product introduction and cross-selling. Hedberg keeps his Outperform rating on Palo Alto Networks, noting it is "one of the premier next-generation security companies, well positioned to benefit from an increasingly complex security and threat landscape".