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In a report published Thursday, Morgan Stanley analyst Keith Weiss reiterated an Overweight rating and $90.00 price target on
Palo Alto NetworksPANW.
In the report, Morgan Stanley noted, “With the weight of the Juniper litigation lifted, multiple product cycles set to sustain 30%+ billings growth into FY15 and margins trending up, PANW's EV/FCF multiple should begin to come in-line with growth. We remain buyers with ~30% upside to our $90 PT.”
Palo Alto Networks closed on Wednesday at $69.51.
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