Analysts Have Conflicting Sentiments on These Technology Companies: Palo Alto Networks (PANW), VIZIO Holding (VZIO) and RingCentral (RNG)

Analysts have been eager to weigh in on the Technology sector with new ratings on Palo Alto Networks (PANW – Research Report), VIZIO Holding (VZIO – Research Report) and RingCentral (RNG – Research Report).

Palo Alto Networks (PANW)

Palo Alto Networks received a Hold rating and a $300.00 price target from Piper Sandler analyst Rob Owens yesterday. The company’s shares closed last Tuesday at $366.09, close to its 52-week high of $380.84.

According to TipRanks.com, Owens is a top 25 analyst with an average return of 25.5% and a 67.6% success rate. Owens covers the Technology sector, focusing on stocks such as CrowdStrike Holdings, CyberArk Software, and Tenable Holdings.

Currently, the analyst consensus on Palo Alto Networks is a Strong Buy with an average price target of $381.93.

See the top stocks recommended by analysts >>

VIZIO Holding (VZIO)

Roth MKM analyst Scott Searle downgraded VIZIO Holding to Hold today and set a price target of $11.50. The company’s shares closed last Tuesday at $11.08, close to its 52-week high of $11.28.

According to TipRanks.com, Searle is a 4-star analyst with an average return of 10.3% and a 46.6% success rate. Searle covers the Technology sector, focusing on stocks such as Cambium Networks, Aviat Networks, and InterDigital.

Currently, the analyst consensus on VIZIO Holding is a Moderate Buy with an average price target of $10.75, representing a -2.3% downside. In a report released yesterday, B.Riley Financial also downgraded the stock to Hold with a $11.50 price target.

RingCentral (RNG)

In a report released today, Arjun Bhatia from William Blair maintained a Buy rating on RingCentral. The company’s shares closed last Tuesday at $30.86.

According to TipRanks.com, Bhatia is a 4-star analyst with an average return of 3.7% and a 52.1% success rate. Bhatia covers the Technology sector, focusing on stocks such as DoubleVerify Holdings, Salesforce, and Monday.com.

RingCentral has an analyst consensus of Moderate Buy, with a price target consensus of $36.75, implying a 21.9% upside from current levels. In a report released today, KeyBanc also reiterated a Buy rating on the stock.

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