Palo Alto Networks Inc [PANW] stock is trading at $340.90, up 0.56%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The PANW shares have gain 7.65% over the last week, with a monthly amount glided 16.28%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Palo Alto Networks Inc [NASDAQ: PANW] stock has seen the most recent analyst activity on June 21, 2024, when DA Davidson initiated its Buy rating and assigned the stock a price target of $380. Previously, Daiwa Securities started tracking the stock with Outperform rating on May 29, 2024, and set its price target to $350. On February 21, 2024, downgrade downgraded it’s rating to Neutral and revised its price target to $265 on the stock. Piper Sandler downgraded its rating to a Neutral and decreased its price target to $300 on February 21, 2024. Northland Capital downgraded its rating to a Market Perform but $275 remained the price target by the analyst firm on February 21, 2024. Loop Capital downgraded its rating to Hold for this stock on February 21, 2024, but kept the price target unchanged to $300. In a note dated February 21, 2024, CapitalOne downgraded an Equal Weight rating on this stock but restated the target price of $302.
Palo Alto Networks Inc [PANW] stock has fluctuated between $201.17 and $380.84 over the past year. Currently, Wall Street analysts expect the stock to reach $298.33 within the next 12 months. Palo Alto Networks Inc [NASDAQ: PANW] shares were valued at $340.90 at the most recent close of the market. An investor can expect a potential drop of -12.49% based on the average PANW price forecast.
Analyzing the PANW fundamentals
Palo Alto Networks Inc [NASDAQ:PANW] reported sales of 7.79B for the trailing twelve months, which represents a growth of 15.33%. Gross Profit Margin for this corporation currently stands at 0.75% with Operating Profit Margin at 0.09%, Pretax Profit Margin comes in at 0.13%, and Net Profit Margin reading is 0.31%. To continue investigating profitability, this company’s Return on Assets is posted at 0.14, Equity is 0.77 and Total Capital is 0.07. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.34.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 334.08 points at the first support level, and at 327.25 for the second support level. However, for the 1st resistance point, the stock is sitting at 345.13, and for the 2nd resistance point, it is at 349.35.
Ratios To Look Out For
For context, Palo Alto Networks Inc’s Current Ratio is 0.79. As well, the Quick Ratio is 0.79, while the Cash Ratio is 0.2. Considering the valuation of this stock, the price to sales ratio is 14.17, the price to book ratio is 24.68 and price to earnings (TTM) ratio is 49.62.
Transactions by insiders
Recent insider trading involved Key John P., Director, that happened on Jun 11 ’24 when 1000.0 shares were sold. Director, Key John P. completed a deal on Jun 10 ’24 to sell 2163.0 shares. Meanwhile, EVP, Chief Product Officer Klarich Lee sold 800.0 shares on Jun 06 ’24.
