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.
Palo Alto price target raised to $165 from $130 at Stephens Stephens said it came away from a call with the CMO of Palo Alto Networks believing that the company's newly released "Traps" endpoint product has the potential to provide the next leg of growth for the company. Citing expectations for Traps, the raised its price target on Palo Alto to $165 from $130 and reiterates its Overweight rating on the stock.