Palo Alto Cyvera buy gives its most incremental opportunity, says RW Baird Baird believes Palo Alto's acquisition of Cyvera will provide the company with its most incremental opportunity if the company can demonstrate strong execution of its vision. The acquisition adds the Endpoint market to its portfolio which will increase the company's addressable market and generate synergy with its core portfolio. Shares are Outperform rated with a $90 price target.
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Palo Alto business appears to be beating expectations, says Oppenheimer Oppenheimer reports that its checks indicate that Palo Alto's business is tracking ahead of consensus estimates this quarter. The firm raised its price target on the shares to $90 from $80 and keeps an Outperform rating on the stock.