Market Overview

UPDATE: Topeka Capital Markets Initiates Palo Alto Networks at Buy on Margin Expansion

Share:
Related
15 Billion-Dollar Companies With Negative Net Earnings
Barclays Downgrades FireEye, Prefers Palo Alto Networks & Fortinet

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

DateFirmActionFromTo
Jul 2015Cowen & CompanyUpgradesMarket PerformOutperform
Jun 2015BarclaysMaintainsOverweight
Jun 2015RBC CapitalMaintainsOutperform

View More Analyst Ratings for PANW
View the Latest Analyst Ratings

Posted-In: Topeka Capital MarketsAnalyst Color Initiation Intraday Update Analyst Ratings

 

Related Articles (PANW)

Around the Web, We're Loving...

Get Benzinga's Newsletters