Piper Sandler on Palo Alto Networks (PANW): 'We Remain Buyers on Shares'

Piper Sandler analyst Rob Owens reiterated an Overweight rating and $265.00 price target on Palo Alto Networks (NASDAQ: PANW).

The analyst commetned: "We recently hosted Hamza Fodderwala, senior vice president of investor relations & strategic finance at PANW for a series of investor meetings throughout Europe. Most conversations focused on AI, with both the TAM expansion opportunity alongside the potential disintermediation and longer-term existential risk associated with advancements of the capability playing center stage. PANW’s enterprise leadership and broad reach of control points (FW, SASE, end-user, identity) position it well to lead in both securing AI and leveraging AI across its security stack. We remain buyers on shares and continue to view it as a top idea in cybersecurity."

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 $155.73 yesterday.

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