Deutsche Bank analyst Karl Keirstead raised his price target for Palo Alto Networks to $240 after performing checks at the company's Ignite conference. While investor sentiment and the stock already reflect a relatively bullish view of the April quarter, the checks were "uniformly bullish, with no customers or partners citing any signs of a recent demand slowdown," Keirstead tells investors in a research note. The analyst left the event believing that the downside risk to Palo Alto's fiscal Q3 product revenue guidance of $193M-$196M is minimal. He keeps a Buy rating on shares.