Jefferies Reiterates Buy Rating on Palo Alto Networks (PANW)

Jefferies analyst Joseph Gallo reiterated a Buy rating and $225.00 price target on Palo Alto Networks (NASDAQ: PANW)

The analyst comments "RPO grew 19% yoy to $13.5B (vs $13.5-13.6B guide) w/ bookings stable at 12% yoy despite a 7 pt tougher comp. Prod grew 16% yoy beating cons by 8 pts while Sub rev grew 18% missing cons by 2 pts. Mgmt believes macro has stabilized vs April volatility which coupled with strong pipelines should help achieve 19-20% F4Q RPO guide. Despite topline metrics modestly missing expectations, FCF commentary indicates confidence which should culminate in ~$4.5B of FY27 FCF."

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 $194.48 yesterday.

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