Palo Alto Networks Remains 'Top Cybersecurity Pick' As Analysts Predict 14% Year-Over-Year Growth
Portfolio Pulse from Henry Khederian
Analysts expect Palo Alto Networks Inc (NASDAQ:PANW) to report Q4 earnings per share of $1.41 on revenue of $2.162 billion. Wedbush maintains an Outperform rating with a $375 price target, citing the company's platformization strategy as a key growth driver. Despite near-term challenges, PANW is seen as a top cybersecurity pick for the next 12-18 months.
August 16, 2024 | 7:28 pm
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Analysts expect Palo Alto Networks to report Q4 earnings per share of $1.41 on revenue of $2.162 billion. Wedbush maintains an Outperform rating with a $375 price target, citing the company's platformization strategy as a key growth driver. Despite near-term challenges, PANW is seen as a top cybersecurity pick for the next 12-18 months.
The positive analyst expectations and maintained Outperform rating with a high price target suggest a favorable short-term impact on PANW's stock price. The company's strategic shift and long-term growth potential further bolster this outlook.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100