In a report released today, Saket Kalia from Barclays maintained a Buy rating on Palo Alto Networks (PANW – Research Report), with a price target of $345.00. The company’s shares closed yesterday at $283.33.
According to TipRanks, Kalia is a 5-star analyst with an average return of 15.9% and a 61.71% success rate. Kalia covers the Technology sector, focusing on stocks such as Autodesk, Palo Alto Networks, and Zscaler.
Palo Alto Networks has an analyst consensus of Moderate Buy, with a price target consensus of $335.56, representing a 18.43% upside. In a report released yesterday, TD Cowen also reiterated a Buy rating on the stock with a $350.00 price target.
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Based on Palo Alto Networks’ latest earnings release for the quarter ending January 31, the company reported a quarterly revenue of $1.98 billion and a net profit of $1.75 billion. In comparison, last year the company earned a revenue of $1.66 billion and had a net profit of $84.2 million
Based on the recent corporate insider activity of 96 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of PANW in relation to earlier this year.
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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.
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