Stifel raised the firm’s price target on Palo Alto Networks (PANW) to $440 from $385 and keeps a Buy rating on the shares ahead of the company reporting its fiscal Q1 results on Wednesday, November 20. Checks were generally positive on the cyber spending demand environment as well as Palo’s October quarter, says the analyst, who believes checks point to an in line to upside print on the top-line and expects FY25 guidance to be “reaffirmed-to-walked-up in line with any beat.”
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