After KeyBanc and UBS gave Palo Alto Networks (NYSE: PANW) a Buy rating last month, the company received another Buy, this time from BMO Capital. Analyst Keith Bachman maintained a Buy rating on Palo Alto Networks yesterday and set a price target of $240. The company’s shares closed yesterday at $209.72.
According to TipRanks.com, Bachman is a 5-star analyst with an average return of 14.3% and a 63.0% success rate. Bachman covers the Technology sector, focusing on stocks such as DXC Technology Company, Infosys Limited, and Salesforce.com.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Palo Alto Networks with a $243.50 average price target, which is a 16.1% upside from current levels. In a report issued on January 22, UBS also upgraded the stock to Buy with a $250 price target.
See today’s analyst top recommended stocks >>
The company has a one-year high of $239.50 and a one-year low of $148.41. Currently, Palo Alto Networks has an average volume of 1.51M.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Palo Alto Networks, Inc. engages in the provision of 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.
