With Palo Alto Networks Inc (NYSE:PANW) preparing to release fiscal fourth-quarter earnings on Wednesday, September 9th, Nomura Holdings analyst Frederick Grieb weighed in today with his views on the stock. The analyst reiterated a Buy rating on PANW, with a price target of $185, which represents a potential upside of 16% from where the stock is currently trading.

Grieb wrote, “The stock is up 1% since F3Q’15 earnings (vs. the S&P 500, down 8%), as the company remains one of the strongest share gainers in a market and continues to benefit from greater awareness of cyber threats. While Palo Alto is one of the more expensive network security names in our coverage universe and the stock has performed well over the past quarter, we believe that it remains a core holding given the current customer focus on cyber security, as well as the company’s strong technology and market share gains. Our checks suggest another good quarter, and we maintain our Buy rating into F4Q’15 earnings.”

According to TipRanks.com, which measures analysts’ and bloggers’ success rate based on how their calls perform, analyst Frederick Grieb has a total average return of 32.0% and a 82.1% success rate. Grieb has a 41.6% average return when recommending PANW, and is ranked #118 out of 3747 analysts.

Out of the 27 analysts polled by TipRanks, 25 rate Palo Alto Networks stock a Buy, while 2 rate the stock a Hold. With a return potential of 7%, the stock’s consensus target price stands at $171.35.

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