Palo Alto Networks (PANW) experienced a roller-coaster ride in the market despite exceeding estimates and revealing plans for a stock split. Even after posting solid fiscal first quarter 2025 results, the cybersecurity firm's shares had some of their worst days in months. Besides,
analysts at Robert W. Baird raised the price target for PANW to $435.00, clearly reflecting the high confidence in the company’s future performance. Using
AI, the company is expected to strengthen its cybersecurity prowess, driving notable growth. However, despite an earnings beat and a stock split, the shares also dipped. Various analysts, including those at JMP Securities and BofA, raised the price target for PANW. The cybersecurity firm is positioned well, capitalizing on the increased demand for cybersecurity but leading to a dip in shares simultaneously. Predictions suggest that PANW’s
multi-year uptrend will continue. Notably, several price targets were raised, suggesting
strong demand and AI innovations. Several analysts reiterated their confidence in PANW, predicting its potential for further success. Despite some disappointing full-year guidance and a downgrade to a moderate sell rating by Hsbc Global Res, the company’s Q1 report was mostly viewed positively.
Palo Alto Networks PANW News Analytics from Mon, 28 Oct 2024 07:00:00 GMT to Sat, 23 Nov 2024 14:00:00 GMT -
Rating 4
- Innovation 7
- Information 8
- Rumor -2
