In a report released today, Keith Bachman from BMO Capital maintained a Hold rating on Palo Alto Networks (NYSEArca: PANW), with a price target of $222. The company’s shares closed yesterday at $208.09, close to its 52-week high of $214.69.
According to TipRanks.com, Bachman is a 5-star analyst with an average return of 17.3% and a 69.6% success rate. Bachman covers the Technology sector, focusing on stocks such as DXC Technology Company, Infosys Limited, and Salesforce.com.
Currently, the analyst consensus on Palo Alto Networks is Moderate Buy and the average price target is $225.83, representing an 8.5% upside.
In a report released today, Robert W. Baird also maintained a Hold rating on the stock with a $216 price target.
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Based on Palo Alto Networks’ latest earnings release for the quarter ending April 30, the company reported a quarterly GAAP net loss of $46.7 million. In comparison, last year the company had a GAAP net loss of $60.9 million.
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Palo Alto Networks, Inc. provides network security solutions to enterprises, service providers, and government entities. It specializes in network security functions which include threat protection, firewall, intrusion detection system, intrusion prevention system and uniform resource locator filtering.
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