Buy the Dip in Palo Alto Networks; Analysts Raise Targets 
Palo Alto Networks' (NASDAQ: PANW) share price is down more than 5% following its FQ3 release, which provides an attractive buy-the-dip opportunity. The move is driven by an increase in billings that have no bearing on the underlying business. The increase in billings is due to customers choosing to pay for their services over time instead of upfront, a trend driven by inflation and interest rates more than anything else. The report's takeaway is that the cybersecurity industry-leading Palo Alto Networks is still growing at a double-digit pace and forecasting robust growth. Its platformization plans resonated with clients and had no visible impact on the Q3 results. The results include robust growth, wider margins, and a significant improvement in shareholder equity that will help drive the share higher this year and over the long term. The takeaway from the analyst chatter is that the move lower was overblown. The company is expected to produce above-peer growth aided by the latest deal with IBM. IBM and Palo Alto Networks have partnered to provide AI-powered security services across their networks, which should drive growth for both businesses. The analysts' response to the release is mixed. There are several price target reductions, but the reductions are to levels above consensus, and the bulk of revisions are upward. The bottom line is that consensus is rising and supports the stock price, and the high end of the analysts’ range puts the stock at a new all-time high. The Presidential candidate you should REALLY be worried about
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