Northland Securities analyst Robert Breza maintained a Hold rating on Palo Alto Networks (PANW) today and set a price target of $240. The company’s shares closed last Monday at $208.35.
Breza commented:
“We maintain our Market Perform rating and look towards further execution.”
According to TipRanks.com, Breza is a 5-star analyst with an average return of 10.5% and a 55.8% success rate. Breza covers the Technology sector, focusing on stocks such as Coupa Software Inc, MobileIron, Inc., and Salesforce.com.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Palo Alto Networks with a $267.14 average price target, which is a 27.8% upside from current levels. In a report issued on September 9, Rosenblatt Securities also initiated coverage with a Hold rating on the stock with a $220 price target.
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The company has a one-year high of $260.63 and a one-year low of $160.08. Currently, Palo Alto Networks has an average volume of 1.3M.
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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.
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