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Research analysts at Dougherty & Co began coverage on shares of Palo Alto Networks (NASDAQ:PANW) in a report released on Thursday, reports. The firm set a “buy” rating and a $95.00 price target on the stock. Dougherty & Co’s price target indicates a potential upside of 19.12% from the stock’s previous close.

Shares of Palo Alto Networks (NASDAQ:PANW) opened at 79.87 on Thursday. Palo Alto Networks has a 52-week low of $40.36 and a 52-week high of $82.27. The stock’s 50-day moving average is $71.53 and its 200-day moving average is $67.1. The company’s market cap is $6.156 billion.

Palo Alto Networks (NASDAQ:PANW) last released its earnings data on Wednesday, May 28th. The company reported $0.11 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.10 by $0.01. The company had revenue of $150.70 million for the quarter, compared to the consensus estimate of $146.13 million. During the same quarter last year, the company posted $0.06 earnings per share. Palo Alto Networks’s revenue was up 48.8% compared to the same quarter last year. Analysts expect that Palo Alto Networks will post $0.40 EPS for the current fiscal year.

In other Palo Alto Networks news, Director Carl M. Eschenbach unloaded 6,496 shares of Palo Alto Networks stock on the open market in a transaction dated Tuesday, June 17th. The shares were sold at an average price of $80.86, for a total transaction of $525,266.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Several other analysts have also recently commented on the stock. Analysts at Zacks downgraded shares of Palo Alto Networks from a “neutral” rating to an “underperform” rating in a research note on Wednesday. They now have a $76.80 price target on the stock. Separately, analysts at Cowen and Company reiterated a “market perform” rating on shares of Palo Alto Networks in a research note on Thursday, May 29th. They now have a $80.00 price target on the stock, up previously from $70.00. Finally, analysts at Needham & Company LLC raised their price target on shares of Palo Alto Networks from $87.00 to $95.00 in a research note on Thursday, May 29th. They now have a “buy” rating on the stock. One analyst has rated the stock with a sell rating, five have issued a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $82.58.

Palo Alto Networks, Inc offers a network security platform that allows enterprises, service providers, and government entities to secure their networks.

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