DA Davidson Reiterates Buy Rating on Palo Alto Networks (PANW)

DA Davidson analyst Rudy Kessinger reiterated a Buy rating and $240.00 price target on Palo Alto Networks (NASDAQ: PANW).

The analyst commented, "We hosted a group investor call with PANW's SVP of IR & Strategic Finance, Hamza Fodderwala. The call was generally upbeat in our view, with some incremental commentary & data points around the Chronosphere growth opportunity, legacy SIEM displacements / XSIAM momentum, SASE pipeline strength, confidence in ARR guidance, Recurring Revenue growth trends, and more standing out. Overall, the call reaffirmed our bullish view on PANW. Remain BUY; PT $240."

For an analyst ratings summary and ratings history on Palo Alto Networks click here. For more ratings news on Palo Alto Networks click here.

Shares of Palo Alto Networks closed at $185.88 yesterday.

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