Mizuho Securities analyst Gregg Moskowitz maintained a Buy rating on Palo Alto Networks (PANW) today and set a price target of $215.00. The company’s shares closed last Tuesday at $163.96.
According to TipRanks.com, Moskowitz is a top 100 analyst with an average return of 17.9% and a 66.1% success rate. Moskowitz covers the Technology sector, focusing on stocks such as CyberArk Software, NortonLifeLock, and Salesforce.
Currently, the analyst consensus on Palo Alto Networks is a Moderate Buy with an average price target of $222.63, which is a 35.8% upside from current levels. In a report issued on March 20, Goldman Sachs also maintained a Buy rating on the stock with a $195.00 price target.
See today’s analyst top recommended stocks >>
Based on Palo Alto Networks’ latest earnings release for the quarter ending January 31, the company reported a quarterly revenue of $817 million and GAAP net loss of $73.7 million. In comparison, last year the company earned revenue of $711 million and had a GAAP net loss of $2.6 million.
Based on the recent corporate insider activity of 101 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.
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 operates through the following geographical segments: Americas; Europe, the Middle East, and Africa; and Asia Pacific and Japan. The company was founded by Nir Zuk, Rajiv Batra and Yu Ming Mao in March 01, 2005 and is headquartered in Santa Clara, CA.
Read More on PANW:
