Analysts Offer Insights on Technology Companies: Palo Alto Networks (PANW), Parsons (PSN) and Silverlake Axis (OtherSLVFF)

Companies in the Technology sector have received a lot of coverage today as analysts weigh in on Palo Alto Networks (PANW – Research Report), Parsons (PSN – Research Report) and Silverlake Axis (SLVFF – Research Report).

Palo Alto Networks (PANW)

In a report issued on February 15, Gray Powell from BTIG reiterated a Buy rating on Palo Alto Networks, with a price target of $240.00. The company’s shares closed last Thursday at $172.02.

According to TipRanks.com, Powell is a 4-star analyst with an average return of 5.3% and a 52.6% success rate. Powell covers the Technology sector, focusing on stocks such as CrowdStrike Holdings, Tenable Holdings, and SentinelOne.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Palo Alto Networks with a $211.00 average price target, representing a 20.8% upside. In a report issued on February 14, Goldman Sachs also initiated coverage with a Buy rating on the stock with a $205.00 price target.

See today’s best-performing stocks on TipRanks >>

Parsons (PSN)

Robert W. Baird analyst Andrew Wittmann maintained a Hold rating on Parsons on February 15 and set a price target of $50.00. The company’s shares closed last Thursday at $44.17.

According to TipRanks.com, Wittmann is a 5-star analyst with an average return of 17.3% and a 71.8% success rate. Wittmann covers the Industrial Goods sector, focusing on stocks such as Concrete Pumping Holdings, Construction Partners, and Jacobs Engineering.

Currently, the analyst consensus on Parsons is a Moderate Sell with an average price target of $45.00.

Silverlake Axis (SLVFF)

Phillip Securities analyst Glenn Thum maintained a Buy rating on Silverlake Axis yesterday and set a price target of S$0.49. The company’s shares closed last Monday at $0.27.

According to TipRanks.com, Thum is a 2-star analyst with an average return of 3.7% and a 72.7% success rate. Thum covers the Financial sector, focusing on stocks such as United Overseas Bank (Singapore), Oversea-Chinese Banking, and DBS Group Holdings.

Currently, the analyst consensus on Silverlake Axis is a Moderate Buy with an average price target of $0.37.

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