Cantor Fitzgerald lowered the firm’s price target on Palo Alto Networks (PANW) to $220 from $250 and keeps an Overweight rating on the shares. Palo Alto is expected to deliver solid Q2 results, supported by strong execution, large deals, and platform momentum, with early channel checks in line or ahead of plan, the analyst tells investors in a research note. Recent product launches and the CyberArk and Chronosphere acquisitions position the company for long-term wallet share gains, though near-term margin pressures could weigh on sentiment, the firm says.
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