BTIG analyst Gray Powell maintains $Palo Alto Networks (PANW.US)$ with a buy rating, and maintains the target price at $395.
According to TipRanks data, the analyst has a success rate of 55.9% and a total average return of 10.3% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Palo Alto Networks (PANW.US)$'s main analysts recently are as follows:
The firm has presented a preview of the quarter for Palo Alto Networks, highlighting an attractive bottom-line setup and a decent top-line setup. The investor focus is expected to be on free cash flow and remaining performance obligations guidance as the company transitions from billings to remaining performance obligations/annual recurring revenue, with an emphasis on platformization and multi-year commitments.
Ahead of Palo Alto Networks' fiscal Q1 results due on Wednesday, November 20, indications from general assessments are optimistic regarding the cyber spending demand environment and the company's performance in the October quarter. It is suggested that these assessments signal a potential match or surpass in top-line expectations and anticipate that the FY25 guidance will be consistent with or adjusted upwards corresponding to the reported results.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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