2020-11-17 07:02:36 PANW Palo Alto Networks
11/17/20 11/1707:02 11/17/2007:02 | Palo Alto Networks price target raised to $317 from $297 at BMO CapitalBMO Capital analyst Keith Bachman raised the firm's price target on Palo Alto Networks to $317 from $297 but keeps a Market Perform rating on the shares after its Q1 earnings beat. The company took another "positive step" in transitioning from a firewall to a security company, the analyst tells investors in a research note, adding that he believes its multiple could expand with sustained consistent sales and management execution. Bachman warns however that Palo Alto's "poor product growth" may be "overshadowing its high services growth" while weighing on his total revenue forecasts for the company. |
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