Palo Alto Networks (NYSE:PANW) had its target price hoisted by equities research analysts at Deutsche Bank to $210.00 in a report released on Tuesday. The firm presently has a “buy” rating on the network technology company’s stock. Deutsche Bank’s price objective indicates a potential upside of 17.00% from the company’s previous close.
Several other research analysts also recently issued reports on PANW. Zacks Investment Research downgraded Palo Alto Networks from a “buy” rating to a “hold” rating in a report on Wednesday, November 1st. Piper Jaffray Companies set a $155.00 price objective on Palo Alto Networks and gave the stock a “buy” rating in a report on Sunday, November 12th. Oppenheimer reaffirmed a “buy” rating and set a $173.00 price objective on shares of Palo Alto Networks in a report on Tuesday, November 14th. Evercore ISI set a $145.00 price objective on Palo Alto Networks and gave the stock a “hold” rating in a report on Thursday, November 16th. Finally, BMO Capital Markets upped their price objective on Palo Alto Networks from $160.00 to $170.00 and gave the stock a “market perform” rating in a report on Tuesday, November 21st. Three research analysts have rated the stock with a sell rating, six have given a hold rating and thirty-eight have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $176.53.
Palo Alto Networks (NYSE:PANW) opened at $179.48 on Tuesday. Palo Alto Networks has a 1-year low of $107.31 and a 1-year high of $179.48. The stock has a market capitalization of $15,560.00, a price-to-earnings ratio of -72.96 and a beta of 1.04.
Several hedge funds and other institutional investors have recently made changes to their positions in PANW. Cerebellum GP LLC bought a new position in shares of Palo Alto Networks in the 4th quarter valued at about $127,000. Penserra Capital Management LLC bought a new position in shares of Palo Alto Networks in the 3rd quarter valued at about $162,000. SeaCrest Wealth Management LLC bought a new position in shares of Palo Alto Networks in the 4th quarter valued at about $192,000. Commerce Bank bought a new position in shares of Palo Alto Networks in the 3rd quarter valued at about $221,000. Finally, First Mercantile Trust Co. bought a new position in shares of Palo Alto Networks in the 4th quarter valued at about $226,000. Institutional investors own 78.92% of the company’s stock.
TRADEMARK VIOLATION WARNING: This report was originally published by Ticker Report and is the sole property of of Ticker Report. If you are reading this report on another domain, it was copied illegally and reposted in violation of international trademark & copyright laws. The correct version of this report can be read at https://www.tickerreport.com/banking-finance/3225404/palo-alto-networks-panw-price-target-raised-to-210-00-at-deutsche-bank.html.
Palo Alto Networks Company Profile
Palo Alto Networks, Inc offers a next-generation security platform. The Company’s security platform consists of three elements: Next-Generation Firewall, Advanced Endpoint Protection and Threat Intelligence Cloud. Its Next-Generation Firewall delivers application, user and content visibility and control, as well as protection against network-based cyber threats integrated within the firewall through its hardware and software architecture.
Receive News & Ratings for Palo Alto Networks Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Palo Alto Networks and related companies with MarketBeat.com's FREE daily email newsletter.