Bernstein analyst Peter Weed lowered the firm’s price target on Palo Alto Networks (PANW) to $225 from $229 and keeps an Outperform rating on the shares. The firm notes Palo Alto Networks’ Q3 delivered a narrower 0.7% beat vs. midpoint for their closely scrutinized NGS ARR. But in the face of this, the company guided Q4 NGS ARR to be the strongest quarter-over-quarter growth since they started the platformization strategy.
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Read More on PANW:
- 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
- Palo Alto Networks price target raised to $235 from $225 at Wells Fargo
- Palo Alto Networks: Strong Growth, Platformization Progress, and Positive Outlook Drive Buy Rating
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