Morgan Stanley Feels Confident About Palo Alto Networks Following Analyst Day
In a report published Tuesday, Morgan Stanley analyst Keith Weiss reiterated an Overweight rating and $90.00 price target on Palo Alto Networks (NYSE: PANW).
In the report, Morgan Stanley noted, “We walked into Palo Alto Networks' analyst day positive on the consolidation opportunity in network security. We walk out thinking Palo Alto Networks has a very real shot at making the expansion into the $4B end point market work. With an expanding market opportunity ahead, improved execution and a multiple still not reflective of the growth – PANW remains a top pick in software.”
Palo Alto Networks closed on Monday at $68.60.
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