In a report published Tuesday, Morgan Stanley analyst Keith Weiss reiterated an Overweight rating and $90.00 price target on Palo Alto Networks 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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