Barclays analyst Saket Kalia maintained a Buy rating on Palo Alto Networks (PANW – Research Report) today and set a price target of $345.00. The company’s shares closed yesterday at $300.57.
Kalia covers the Technology sector, focusing on stocks such as Autodesk, Palo Alto Networks, and Adobe. According to TipRanks, Kalia has an average return of 13.9% and a 58.78% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Palo Alto Networks with a $333.76 average price target, which is an 11.04% upside from current levels. In a report released on April 29, Morgan Stanley also maintained a Buy rating on the stock with a $360.00 price target.
The company has a one-year high of $380.84 and a one-year low of $186.75. Currently, Palo Alto Networks has an average volume of 6.15M.
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Palo Alto Networks (PANW) Company Description:
California-based Palo Alto Networks, Inc., founded in 2005, is a global cybersecurity leader. The company provides network security solutions to enterprises, service providers, and government entities.
Read More on PANW:
- Morgan Stanley ‘incrementally more bullish’ on Palo Alto after checks
- Palo Alto Networks price target lowered to $355 from $380 at KeyBanc
- Palo Alto Stock (NASDAQ:PANW): Analysts Remain Bullish Despite Near-Term Pressures
- Palo Alto Networks expands AI cybersecurity partnership with Google Cloud
- Class Action Lawsuit against Palo Alto Networks, Inc. (NASDAQ:PANW)
