Robert W. Baird analyst Jonathan Ruykhaver maintained a Buy rating on Palo Alto Networks (PANW) yesterday and set a price target of $425.00. The company’s shares closed last Tuesday at $377.86, close to its 52-week high of $403.00.
According to TipRanks.com, Ruykhaver is a 5-star analyst with an average return of 33.4% and a 70.7% success rate. Ruykhaver covers the Technology sector, focusing on stocks such as CrowdStrike Holdings, Cloudflare, and Proofpoint.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Palo Alto Networks with a $437.08 average price target, representing a 15.6% upside. In a report issued on February 8, BTIG also maintained a Buy rating on the stock with a $460.00 price target.
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The company has a one-year high of $403.00 and a one-year low of $125.47. Currently, Palo Alto Networks has an average volume of 1.17M.
Based on the recent corporate insider activity of 87 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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