Palo Alto Networks Gears Up For Q3 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts

Group 1 - Palo Alto Networks, Inc. is set to release its third-quarter earnings results on May 20, with expected earnings of 77 cents per share, an increase from 66 cents per share in the same period last year [1] - The company is projected to report quarterly revenue of $2.28 billion, up from $1.98 billion a year earlier [1] - On April 28, Palo Alto Networks announced a definitive agreement to acquire Protect AI, which may impact its future growth and market position [2] Group 2 - Analyst Jonathan Ruykhaver from Cantor Fitzgerald reiterated an Overweight rating with a price target of $223 [8] - Jefferies analyst Joseph Gallo maintained a Buy rating and raised the price target from $215 to $225 [8] - Roth Capital analyst Taz Koujalgi initiated coverage with a Neutral rating and a price target of $210 [8] - Morgan Stanley analyst Hamza Fodderwala maintained an Overweight rating but reduced the price target from $230 to $205 [8] - Stephens & Co. analyst Todd Weller initiated coverage with an Equal-Weight rating and a price target of $205 [8]