Is Palo Alto Networks Stock Going to $360? 1 Wall Street Analyst Thinks So. [Yahoo! Finance]
Palo Alto Networks, Inc. (PANW)
Last palo alto networks, inc. earnings: 2/24 04:15 pm
Check Earnings Report
US:NYSE Investor Relations:
investors.paloaltonetworks.com/investor-overview
Company Research
Source: Yahoo! Finance
The company continues to see strong demand for its cybersecurity solutions, and one analyst believes it's worth buying on the dip. Morgan Stanley analyst Hamza Fodderwala is maintaining an overweight (buy) rating on the shares with a $360 price target -- 23% upside from the current share price. Why the stock is down Palo Alto's revenue grew 19% year over year in the January-ending quarter, with remaining performance obligations up 22%. But the solid top-line growth was overshadowed by management's guidance that calls for revenue to grow between 13% and 15% in fiscal Q3. Importantly, this guidance doesn't reflect weak demand. Palo Alto's top 10 highest-spending customers grew their spend by 36% last quarter, and Morgan Stanley's research indicates that Palo Alto is competitively positioned to continue winning large deals. And Palo Alto still has an enormous opportunity win more spending with existing customers. Management is doubling down on accelerating customers' shift from
Show less
Read more
Impact Snapshot
Event Time:
PANW
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
PANW alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
PANW alerts
High impacting Palo Alto Networks, Inc. news events
Weekly update
A roundup of the hottest topics
PANW
News
- Palo Alto Networks, Inc. (NASDAQ: PANW) had its price target raised by analysts at JPMorgan Chase & Co. from $330.00 to $340.00. They now have an "overweight" rating on the stock.MarketBeat
- Palo Alto Networks, Inc. (NASDAQ: PANW) had its price target raised by analysts at KeyCorp from $355.00 to $384.00. They now have an "overweight" rating on the stock.MarketBeat
- Palo Alto Networks and IBM to Jointly Provide AI-powered Security Offerings; IBM to Deliver Security Consulting Services Across Palo Alto Networks Security Platforms [Yahoo! Finance]Yahoo! Finance
- Palo Alto Networks and IBM to Jointly Provide AI-powered Security Offerings; IBM to Deliver Security Consulting Services Across Palo Alto Networks Security PlatformsPR Newswire
- Palo Alto (PANW) Q3 Earnings on the Horizon: Analysts' Insights on Key Performance Measures [Yahoo! Finance]Yahoo! Finance
PANW
Earnings
- 2/20/24 - Beat
PANW
Sec Filings
- 5/16/24 - Form 8-K
- 5/8/24 - Form 4
- 5/7/24 - Form 144
- PANW's page on the SEC website