Oppenheimer analyst Shaul Eyal raised his price target for Palo Alto Networks to $270 from $250 and reiterated an Outperform rating on the shares. Ahead of Q2 results, his post-quarter checks with 22 VARs suggest that the company's Q2 revenue could come ahead of Street expectations, RedLock multi-cloud security deployment is gradually realizing interest and traction, appliances could generate additional upside to Product revenue estimates, customers' ongoing cloud migration strategies could support healthy subscription growth, and highly achievable estimates.