Stifel Nicolaus Initiates Coverage on Palo Alto Networks (PANW)
Stifel Nicolaus assumed coverage on shares of Palo Alto Networks (NASDAQ:PANW) in a research note issued on Thursday. The firm set a “buy” rating and a $100.00 price target on the stock. Stifel Nicolaus’ target price points to a potential upside of 21.34% from the company’s current price.
Shares of Palo Alto Networks (NASDAQ:PANW) opened at 82.41 on Thursday. Palo Alto Networks has a 52 week low of $40.36 and a 52 week high of $87.79. The stock has a 50-day moving average of $81.40 and a 200-day moving average of $74.21. The company’s market cap is $6.352 billion.
A number of other analysts have also recently weighed in on PANW. Analysts at Imperial Capital initiated coverage on shares of Palo Alto Networks in a research note on Thursday, August 14th. They set an “outperform” rating and a $95.00 price target on the stock. Separately, analysts at Piper Jaffray initiated coverage on shares of Palo Alto Networks in a research note on Tuesday, August 12th. They set an “overweight” rating and a $100.00 price target on the stock. Finally, analysts at Zacks upgraded shares of Palo Alto Networks from an “underperform” rating to a “neutral” rating in a research note on Tuesday, July 29th. They now have a $83.10 price target on the stock. Six research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and three have given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $87.24.
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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