Palo Alto Networks Inc

PANW: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$152.00	Fwhb	Ksmvxcmvnc

Palo Alto Continues to Pull Ahead of the Pack; $200 FVE, Shares Undervalued

Malik Ahmed Khan

Oct 11, 2022

We are raising our fair value estimate for Palo Alto Networks to $200 from $197 as we model slightly stronger margin expansion for the firm through our explicit forecast. With shares trading around $175, we view the shares as marginally undervalued.

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