In a report published Thursday, Morgan Stanley analyst Keith Weiss reiterated an Overweight rating and $105.00 price target on Palo Alto Networks PANW.
In the report, Morgan Stanley noted, “With fundamentals firmly intact, we believe PANW should post a solid Q4 against a low bar. An expanding solutions portfolio and new customer adds should sustain 30%+ billings growth thru CY15, while margins trend up.Trading at 28x CY15 FCF vs. a >35% growth profile, PANW remains a top pick.”
Palo Alto Networks closed on Wednesday at $89.37.
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