BMO Capital Positive on Palo Alto Networks Ahead of Q4 Report
<p>BMO Capital analysts restated their positive outlook on <a href='https://financialmodelingprep.com/financial-summary/PANW'>Palo Alto Networks (NASDAQ:PANW)</a>, maintaining an Outperform rating along with a target price of $235.00. In anticipation of the upcoming Q4 earnings call on Friday, the analysts shared additional insights. </p>
<p>Despite expecting the company's guidance for fiscal 2024 to fall below consensus estimates, the analysts consider this a moment of clarification rather than a factor that would alter the overall assessment. Notably, the analysts had recently adjusted their projections but aren't revising them further now. The analysts maintained confidence in a favorable risk-to-reward balance for the company's shares.</p>
NASDAQ:PANW