Robert W. Baird analyst Shrenik Kothari has maintained their bullish stance on PANW stock, giving a Buy rating yesterday.
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Shrenik Kothari has given his Buy rating due to a combination of factors, including stronger-than-expected results and a more optimistic full-year outlook that still embeds conservative assumptions. He highlights that core next-generation security ARR continues to expand at a robust organic pace, supported by rising RPO and stable net-new trends, even after adjusting for recent acquisitions.
Kothari also points to disciplined integration of M&A, limited margin drag from memory, and reaffirmed long-term free cash flow targets as reasons the risk/reward skews favorably. With management guiding prudently for the second half while still implying room for upside and beat-and-raise potential, he views the current setup as de-risked and supportive of continued share appreciation.
In another report released yesterday, Evercore ISI also maintained a Buy rating on the stock with a $250.00 price target.