Morgan Stanley raised the firm’s price target on Palo Alto Networks (PANW) to $210 from $205 and keeps an Overweight rating on the shares. Q4 results exceeded expectations and the company introduced a 40%-plus free cash flow target for FY28, which was 200-300 basis points better than expectations and “encouraging” given concerns on CyberArk (CYBR) dilution, the analyst tells investors in a post-earnings note.
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