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DA Davidson lifts PANW target to $420 as shares slide

DA Davidson raised its Palo Alto Networks price target to $420 from $345 and kept a Buy rating. Analyst Rudy Kessinger cited fourth-quarter results ahead of expectations and initial fiscal 2027 guidance ahead of consensus.

PANW

DA Davidson raised its price target on Palo Alto Networks NASDAQ:PANW to $420 from $345 and kept a Buy rating.

Analyst Rudy Kessinger called fourth quarter results ahead of expectations and initial fiscal 2027 guidance well ahead of consensus on all figures.

Palo Alto shares were down 7.75% intrada…