Palo Alto Networks price target raised to $232 from $225 at RBC Capital

RBC Capital raised the firm’s price target on Palo Alto Networks (PANW) to $232 from $225 and keeps an Outperform rating on the shares. The company posted strong results against mixed sentiment while its guidance was better than expected, the analyst tells investors in a research note. RBC adds that it is positive on the management’s commentary around a more confident posture from customers and the extension of the 37% free cash flow margin target to FY27, which tackles a key bear argument.