Northland lowered the firm’s price target on Palo Alto Networks (PANW) to $177 from $210 and keeps a Market Perform rating on the shares. Strong software firewall sales drove an in-line quarter and Q4 guidance largely met consensus across key metrics, says the analyst, who tempers longer-term growth expectations and no longer believes it is merited to project acceleration above the 17% to 19% growth rate Palo Alto had intimated at the beginning of the platformization process.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PANW:
- Palo Alto Networks: Strong Growth Prospects and Attractive Valuation Support Buy Rating
- Palo Alto Networks price target lowered to $225 from $229 at Bernstein
- Palo Alto Networks: Strategic Positioning and AI Leadership Drive Buy Rating
- Palo Alto Networks price target lowered to $221 from $225 at JPMorgan
- Palo Alto Networks: Strong Growth Potential and Strategic Advancements Amid Macroeconomic Challenges
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue