Palo Alto Networks Gets a Higher Price Target From Morgan Stanley After Strong Quarter

Palo Alto Networks, Inc. (NASDAQ:PANW) is one of the stocks on Jim Cramer’s and analysts’ radar. On August 20, Morgan Stanley increased the price target on PANW shares to $210 from $205 and kept an Overweight rating. The firm noted that the company’s fourth-quarter results surpassed expectations and introduced a free cash flow target exceeding 40% for fiscal year 2028. This target was 200 to 300 basis points above expectations and described as “encouraging” amid concerns about dilution from CyberArk.

Image by Sergei Tokmakov, Esq. from Pixabay

Palo Alto Networks, Inc. (NASDAQ:PANW) offers cybersecurity solutions focused on network, cloud, and security operations for threat prevention, detection, and automated response. The company provides virtual firewalls, threat intelligence, and professional services. Similar to the analyst, Cramer was bullish on the stock. On August 12, when a caller inquired if Cramer would recommend investing in the stock long term, he replied:

“Yes, I do. I think that Nikesh Arora is being wildly misinterpreted by his… you know, he just bought CyberArk, which is a company that I’ve liked for like, I don’t know, since we started the show, no, maybe 15 years. And he bought it, and all these people are saying, oh, it must mean something’s wrong. Are you kidding? Hey, by the way, the stock is finally down ahead of the quarter, which I think is actually going to help us. We own it for the Charitable Trust.”

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Disclosure: None. This article is originally published at Insider Monkey.