Bernstein lowers price target for Palo Alto Networks but maintains outperform rating
From Yahoo Finance: 2025-05-21 16:24:00
Bernstein SocGen Group lowered its price target for Palo Alto Networks, Inc. (NASDAQ:PANW) from $229 to $225 while maintaining an “Outperform” rating. The company slightly beat expectations for its Next-Gen Security Annual Recurring Revenue in Q3 2025, with strong forecasted growth in Q4. Confidence is supported by channel checks and management’s comments on tariff-related sales delays. Analyst Peter Weed believes software firewalls will drive mid-teens product revenue growth, with overall revenue growth of over 15% in Q4 and potential improvement in fiscal year 2026. While PANW shows promise, other AI stocks may offer greater returns.
Read more at Yahoo Finance: Bernstein Lowers Palo Alto (PANW) Price Target, Maintains Outperform Rating