Exane BNP Paribas analysts initiated coverage on Palo Alto Networks (PANW) stock with an Outperform rating and price target of $410 per share. The cybersecurity developer's stock has moved higher by at least 5% in today's session.

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Bnp Paribas in issuing coverage on Palo Alto Networks with an outperform price target for 10.

Actually, eight companies that they say represent some of the best ways to play software that they told their clients are less sensitive to the macro are mission critical and have significant secular tail winds and growth, including a I They like Palo Alto that one out also like Data Dog and Viva Systems.

Yes, and first of all, they really make clear the threat that they believe is still faced.

And then that's why the cybersecurity companies are so vital.

Also, the analysts led by Andrew Di Gasparri are S are saying, is Palo Alto the next sales force in cyber security?

Uh, saying that this company is transitioning to become one of the largest pure place cyber security software companies in the world.

They say it's gonna continue to gain market share and growth is going to accelerate.

You know what they don't like?

It said, given downside risk to estimates initiate there with an underperform.