Palo Alto Networks price target raised to $200 from $190 at UBS

UBS raised the firm’s price target on Palo Alto Networks (PANW) to $200 from $190 and keeps a Neutral rating on the shares. Palo Alto reported a relatively in-line print, with modest Q2 outperformance offset by guidance for the second half that was somewhat mixed, though provided confidence in 37%+ free cash flow margin through fiscal 2027, which helps address a bigger debate in the stock, the analyst tells investors in a research note. The firm expects shareholders to give Palo Alto “the benefit of the doubt” on more second half-weighted free cash flow seasonality.