Palo Alto price target raised to $90 from $80 at RW Baird Baird raised its price target on Palo Alto following positive management commentary with regards to 2014 trends. The firm sees continued success in the Advanced Persistent Threat and PA7050 chassis as important milestones for the company. Shares are Outperform rated.
Palo Alto has multiple drivers converging, says Morgan Stanley Morgan Stanley said Palo Alto has multiple growth drivers in place that will drive free cash flow that include sustainable 30% billings growth, increasing sales efficiencies, and slowing capex and reduced litigation expenses. Shares are Overweight rated with a $115 price target.