Barclays Raises Palo Alto Networks Price Target to $110.00 (PANW)
Research analysts at Barclays lifted their target price on shares of Palo Alto Networks (NASDAQ:PANW) from $90.00 to $110.00 in a report released on Thursday. The firm currently has an “overweight” rating on the stock. Barclays’ target price suggests a potential upside of 23.08% from the company’s current price.
PANW has been the subject of a number of other recent research reports. Analysts at Oppenheimer raised their price target on shares of Palo Alto Networks from $80.00 to $90.00 in a research note on Tuesday. They now have an “outperform” rating on the stock. Separately, analysts at Stifel Nicolaus initiated coverage on shares of Palo Alto Networks in a research note on Thursday, August 28th. They set a “buy” rating and a $100.00 price target on the stock. Finally, 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. Six 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 stock. Palo Alto Networks currently has an average rating of “Buy” and a consensus price target of $88.36.
Palo Alto Networks (NASDAQ:PANW) traded down 1.58% during mid-day trading on Thursday, hitting $87.96. The stock had a trading volume of 1,152,088 shares. Palo Alto Networks has a one year low of $40.36 and a one year high of $92.70. The stock has a 50-day moving average of $82.70 and a 200-day moving average of $74.72. The company’s market cap is $6.780 billion.
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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