In a report released today, Yun Kim from Rosenblatt Securities maintained a Hold rating on Palo Alto Networks (PANW), with a price target of $220.00. The company’s shares closed last Monday at $237.33.
According to TipRanks.com, Kim is a 5-star analyst with an average return of 16.9% and a 68.0% success rate. Kim covers the Technology sector, focusing on stocks such as Manhattan Associates, Pegasystems, and Mimecast.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Palo Alto Networks with a $254.95 average price target, representing a 7.7% upside. In a report released today, J.P. Morgan also downgraded the stock to Hold with a $236.00 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 GAAP net loss of $73.7 million. In comparison, last year the company had a GAAP net loss of $2.6 million.
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.
