Jefferies Remains Bullish on Palo Alto Networks (PANW)

Palo Alto Networks, Inc. (NASDAQ:PANW) is one of the best stocks to buy now for long term growth. Jefferies lifted the price target on Palo Alto Networks, Inc. (NASDAQ:PANW) to $300 from $265 on May 29, maintaining a Buy rating on the shares and telling investors in a research note that it expects the company to report a good fiscal Q3 report. The firm stated that Palo Alto Networks, Inc. (NASDAQ:PANW) can hit sales estimates in fiscal Q3, but added that the shares have rallied 66% since April 10, which raises expectations. However, Jefferies still sees positive AI-driven catalysts in fiscal 2027 for the company.

Palo Alto Networks, Inc. (NASDAQ:PANW) also received a rating update from Benchmark on May 27. The firm lifted the price target on the stock to $270 from $200 and reiterated a Buy rating on the shares. The rating came ahead of the company’s fiscal Q3 earnings report due after the market closes on Tuesday, June 2, with the firm telling investors in a preview that Palo Alto Networks, Inc. (NASDAQ:PANW) is “highly likely to modestly top” fiscal Q3 consensus expectations on next generation security annual recurring revenue, total revenue, operating income, margin, and free cash flow margin.

Palo Alto Networks, Inc. (NASDAQ:PANW) provides network security solutions to service providers, enterprises, and government entities. Its operations are divided into the following geographical segments: the United States, Israel, and Other Countries.

READ NEXT: 15 Stocks That Will Make You Rich in 10 Years AND 12 Best Stocks That Will Always Grow.

Disclosure: None. Follow Insider Monkey on Google News.