Palo Alto Networks (PANW): New Buy Recommendation for This Technology Giant


Barclays analyst Saket Kalia maintained a Buy rating on Palo Alto Networks (PANW) today and set a price target of $236.00. The company’s shares closed last Monday at $199.96, close to its 52-week low of $192.17.

According to TipRanks.com, Kalia is a 5-star analyst with an average return of 10.0% and a 56.6% success rate. Kalia covers the Technology sector, focusing on stocks such as Nuance Communications, Ping Identity Holding, and CyberArk Software.

Currently, the analyst consensus on Palo Alto Networks is a Moderate Buy with an average price target of $245.33, implying a 21.5% upside from current levels. In a report issued on February 13, Mizuho Securities also maintained a Buy rating on the stock with a $265.00 price target.

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The company has a one-year high of $260.63 and a one-year low of $192.17. Currently, Palo Alto Networks has an average volume of 1.04M.

Based on the recent corporate insider activity of 103 insiders, corporate insider sentiment is neutral on the stock.

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.

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