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PANW

Palo Alto Networks

$176.04

-0.46 (-0.26%)

09:12
11/30/18
11/30
09:12
11/30/18
09:12

Palo Alto Networks upgraded to Buy from Hold at Gabelli

Gabelli analyst Hendi Susanto upgraded Palo Alto to Buy citing recent shares weakness. The analyst views current valuation as attractive and remains favorable on Palo Alto's market leadership, technology platform, and competitive security platform.

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PANW Palo Alto Networks
$176.04

-0.46 (-0.26%)

11/30/18
BMOC
11/30/18
NO CHANGE
Target $205
BMOC
Market Perform
Palo Alto Networks price target lowered to $205 from $260 at BMO Capital
BMO Capital analyst Keith Bachman lowered his price target on Palo Alto Networks to $205 and kept his Market Perform rating, saying that while the company beat on Q1 earnings, its billings were in line, "which is a downtick from the outperformance in prior quarters". The analyst believes that the free cash flow multiple on Palo Alto Networks is "reasonable", but also warns about the overhang on the stock lingering because of the potential for M&A. Bachman adds that he is concerned by the "durability" of the company's billings growth, adding that his price target reduction reflects "lower free cash flow estimates and a lower multiple due to a reduced equity risk environment".
11/30/18
MAXM
11/30/18
NO CHANGE
Target $280
MAXM
Buy
Palo Alto Networks price target raised to $280 from $274 at Maxim
Maxim analyst Nehal Chokshi raised his price target on Palo Alto Networks to $280 and kept his Buy rating after "another beat and raise quarter", saying the company's strong results were driven by sequential subscription revenue growth. The analyst adds that the above-consensus guidance was the factor of the "uniqueness" of the company's Application Framework. Chokshi is also positive on Palo Alto Networks' CEO plan to extend its business "from security to the intersection of security and AI".
11/30/18
FBCO
11/30/18
NO CHANGE
Target $160
FBCO
Underperform
Palo Alto Networks price target cut to $160 from $185 at Credit Suisse
Credit Suisse analyst Brad Zelnick reiterated an Underperform rating on Palo Alto Networks and cut his price target to $160 following the company's "mixed" Q1 results. In a research note to investors, Zelnick says the disparity between product and billings performance continues to suggest an especially strong refresh dynamic, and while he maintains respect for Palo Alto's market leadership, strong execution and superlative messaging, he believes his secular call is just beginning to play out as firewalls cede relevance in a cloud-first world.
11/30/18
OPCO
11/30/18
NO CHANGE
Target $250
OPCO
Outperform
Palo Alto Networks price target cut to $250 from $275 at Oppenheimer
Oppenheimer analyst Shaul Eyal maintained an Outperform rating on Palo Alto Networks but lowered his price target to $250 from $275 to account for recent industry multiple contraction. In a research note to investors, Eyal says the company beat almost every metric in Q1, adding that with the mid-October completion of the RedLock acquisition, it would appear that PANW's focus on small tuck-in acquisitions rather than "splashy" purchases remains intact.

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