In a report released today, Keith Weiss from Morgan Stanley maintained a Buy rating on Palo Alto Networks (PANW), with a price target of $200.00. The company’s shares closed last Monday at $166.87.
According to TipRanks.com, Weiss is a 5-star analyst with an average return of 13.1% and a 58.7% success rate. Weiss covers the Technology sector, focusing on stocks such as Slack Technologies, Citrix Systems, and NortonLifeLock.
Palo Alto Networks has an analyst consensus of Moderate Buy, with a price target consensus of $228.08, representing a 39.3% upside. In a report issued on March 10, JMP Securities also maintained a Buy rating on the stock with a $235.00 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 $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 102 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, 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.
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