Northland raised the firm’s price target on Palo Alto Networks (PANW) to $190 from $177 and keeps a Market Perform rating on the shares after a “solid” quarter and guidance. The firm is raising its free cash flow margin assumption for FY28-38 to 40%, which it notes incorporates management’s guidance and a stated floor of about 37%.
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PANW:
- Morning Movers: Walmart gains, Bath & Body Works plummets after Q3 reports
- Video: Nvidia results ease AI bubble concerns, boost market
- Palo Alto Networks: Strong Financial Performance and Strategic Acquisitions Drive Buy Rating
- Palo Alto Networks: Strong Financial Performance and Strategic Growth Initiatives Justify Buy Rating
- Palo Alto Networks price target raised to $230 from $225 at Piper Sandler