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PhillipCapital downgrades Palo Alto Networks (PANW) to Neutral from Accumulate, raises price target to $346
PhillipCapital downgraded Palo Alto Networks (PANW) stock to Neutral from Accumulate on September 7, citing that the stock's approximately 160% rally from its February low to August peak has raised the bar for further gains, despite compelling opportunities. The firm raised its price target for PANW to $346 from $320. Palo Alto Networks expects Next-Generation Security (NGS) ARR growth to slow to 22%-23% in fiscal 2027, compared to 63% at the end of fiscal 2026, though Q1 fiscal 2027 is still expected to see 63% growth.
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Source：Yahoo财经 · Source Link
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