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Palo Alto Networks (NASDAQ:PANW) Given New $415.00 Price Target at Susquehanna
Revenue rose 34% and adjusted profit beat estimates, but next-generation security annual recurring revenue missed the level investors wanted for an accelerating beat.
Susquehanna lifted their target price on shares of Palo Alto Networks from $350.00 to $415.00 and gave the stock a "positive" rating in a research note on Wednesday.
Although Palo Alto Networks exceeded expectations in the fourth quarter, rising costs and margin concerns caused the stock to fall. Here are the details. The article "Palo Alto Networks Exceeds Expectations, But Margin Concerns Cause Stock to Fall" first appeared on TechInside.