Mizuho Securities analyst Gregg Moskowitz has reiterated their bullish stance on PANW stock, giving a Buy rating today.
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Gregg Moskowitz has given his Buy rating due to a combination of factors that highlight Palo Alto Networks’ strong financial performance and strategic acquisitions. The company reported a solid start to its fiscal year with a 16% year-over-year increase in total revenue, surpassing both Mizuho’s and the market’s expectations. This growth was largely driven by a 23% increase in product revenue, which exceeded forecasts. Additionally, the company demonstrated robust growth in its remaining performance obligations (RPO), which grew by 24% year-over-year, surpassing the guidance of 23% growth.
Moreover, Palo Alto Networks’ strategic acquisition of Chronosphere for $3.35 billion is seen as a positive move, providing the company with a valuable asset in cloud observability and opening up new growth opportunities. The acquisition aligns with the company’s focus on enhancing its cloud capabilities and delivering comprehensive AI security solutions. Management’s decision to modestly raise its fiscal year 2026 revenue and earnings per share outlook further supports the Buy rating. Overall, Moskowitz remains optimistic about Palo Alto Networks’ potential for continued growth and reiterates an Outperform rating with a price target of $230.
Moskowitz covers the Technology sector, focusing on stocks such as Adobe, Salesforce, and Atlassian. According to TipRanks, Moskowitz has an average return of 3.7% and a 52.31% success rate on recommended stocks.
In another report released today, Barclays also maintained a Buy rating on the stock with a $230.00 price target.