NEW YORK (TheStreet) -- Palo Alto Networks (PANW) stock has been upgraded to "outperform" from "perform" with an $80 price target, Oppenheimer said Thursday. The firm said the revision was due to the Juniper (JNPR) settlement removing risk and after the company posted solid quarterly results.
TheStreet Ratings team rates PALO ALTO NETWORKS INC as a Hold with a ratings score of C-. TheStreet Ratings Team has this to say about their recommendation:
"We rate PALO ALTO NETWORKS INC (PANW) a HOLD. The primary factors that have impacted our rating are mixed -- some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and feeble growth in the company's earnings per share."
- You can view the full analysis from the report here: PANW Ratings Report