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Investing.com - Cantor Fitzgerald has reiterated its Overweight rating and $223.00 price target on Palo Alto Networks (NASDAQ:PANW), a prominent player in the Software industry, ahead of the company’s fiscal fourth-quarter 2025 results due on August 18. According to InvestingPro data, the stock is currently trading at elevated valuation multiples, with a P/E ratio of 92.37.
The research firm expects strong execution, large deal activity, and platformization to drive solid performance across key performance indicators for the quarter.
While Cantor Fitzgerald anticipates robust bookings trends that support current fiscal year 2026 expectations for RPO and NGARR, it would not be surprised if FY26 revenue guidance falls short of expectations due to initial revenue recognition headwinds on platformization deals.
The firm believes these revenue recognition challenges should normalize in fiscal years 2027 and 2028, with recent product initiatives positioning Palo Alto Networks for continued wallet share gains and platformization success.
Cantor Fitzgerald also views Palo Alto Networks’ intended acquisition of CyberArk (NASDAQ:CYBR) as a strategic move to expand into identity security and strengthen its zero trust offerings.
In other recent news, Palo Alto Networks has introduced new security solutions to address quantum computing threats and enhance multi-cloud security. The company announced a Quantum Readiness Dashboard and 14 new firewall models designed for post-quantum cryptography, aimed at providing better visibility and security for its customers. Meanwhile, Rosenblatt has adjusted its price target for Palo Alto Networks to $215, citing steady performance in the fourth quarter and ongoing momentum in various security solutions. Evercore ISI maintained an Outperform rating for the company, setting a price target of $220, and noted that the focus will be on the upcoming fiscal year 2026 guidance.
Piper Sandler upgraded Palo Alto Networks’ stock rating from Neutral to Overweight, raising the price target to $225, due to the company’s success in platformization and positive channel feedback. Stifel also reiterated its Buy rating with a price target of $225, maintaining a positive outlook on the cybersecurity firm. These developments reflect the market’s confidence in Palo Alto Networks’ strategic initiatives and product enhancements.
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