UPDATE: Topeka Capital Markets Initiates Palo Alto Networks at Buy on Margin Expansion
Topeka Capital Markets initiated coverage on Palo Alto Networks (NYSE: PANW) with a Buy rating and a $65 price target.
Topeka Capital Markets commented, "We are initiating coverage of Palo Alto Networks with a Buy rating and a $65 price target. We expect Palo Alto to couple rapid product revenue growth, and improving revenue visibility from its even faster growing subscription/service business with significant operating margin expansion that will fuel 90+% EPS growth for the next 2-3 years."
Palo Alto Networks closed at $49.35 on Thursday.
Latest Ratings for PANW
|May 2016||JP Morgan||Maintains||Overweight|
© 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.