BTIG raised the firm’s price target on Palo Alto Networks (PANW) to $414 from $395 and keeps a Buy rating on the shares. The company reported a mixed Q1 with solid headline metrics relative to its forecast but a fractionally increased full-year revenue outlook, the analyst tells investors in a research note. BTIG adds that Palo Alto’searnings callwas also confusing regarding the exact contribution of the QRadar acquisition to results, though it notes that even backing out the deal, the company would have beaten estimates.
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Read More on PANW:
- Palo Alto Networks price target raised to $430 from $400 at BofA
- Palo Alto Networks upgraded to Buy at Rosenblatt after ‘strong’ Q1 performance
- Palo Alto Networks upgraded to Buy from Neutral at Rosenblatt
- Palo Alto Networks price target raised to $435 from $420 at Susquehanna
- Palo Alto Networks price target raised to $415 from $380 at JMP Securities
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