Palo Alto Networks Inc [PANW] stock is trading at $355.13, up 5.09%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The PANW shares have gain 7.85% over the last week, with a monthly amount glided 3.22%, 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 October 08, 2024, when Exane BNP Paribas initiated its Outperform rating and assigned the stock a price target of $410. Previously, Redburn Atlantic downgraded its rating to Neutral on July 18, 2024, and dropped its price target to $325. On June 21, 2024, DA Davidson initiated with a Buy rating and assigned a price target of $380 on the stock. Daiwa Securities started tracking the stock assigning a Outperform rating and suggested a price target of $350 on May 29, 2024. Rosenblatt downgraded its rating to a Neutral and reduced its price target to $265 on February 21, 2024. Piper Sandler downgraded its rating to Neutral for this stock on February 21, 2024, and downed its price target to $300. In a note dated February 21, 2024, Northland Capital downgraded an Market Perform rating on this stock but restated the target price of $275.
Palo Alto Networks Inc [PANW] stock has fluctuated between $233.81 and $380.84 over the past year. Currently, Wall Street analysts expect the stock to reach $314.75 within the next 12 months. Palo Alto Networks Inc [NASDAQ: PANW] shares were valued at $355.13 at the most recent close of the market. An investor can expect a potential drop of -11.37% based on the average PANW price forecast.
Analyzing the PANW fundamentals
Palo Alto Networks Inc [NASDAQ:PANW] reported sales of 8.03B for the trailing twelve months, which represents a growth of 12.09%. Gross Profit Margin for this corporation currently stands at 0.74% with Operating Profit Margin at 0.11%, Pretax Profit Margin comes in at 0.12%, and Net Profit Margin reading is 0.32%. To continue investigating profitability, this company’s Return on Assets is posted at 0.13, Equity is 0.64 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 0.27.
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 347.75 points at the first support level, and at 340.38 for the second support level. However, for the 1st resistance point, the stock is sitting at 359.75, and for the 2nd resistance point, it is at 364.38.
Ratios To Look Out For
For context, Palo Alto Networks Inc’s Current Ratio is 0.84. Also, the Quick Ratio is 0.84, while the Cash Ratio stands at 0.2. Considering the valuation of this stock, the price to sales ratio is 14.40, the price to book ratio is 22.33 and price to earnings (TTM) ratio is 49.06.
Transactions by insiders
Recent insider trading involved Lee Klarich, Officer, that happened on Oct 04 ’24 when 60000.0 shares were purchased. EVP, Chief Technology Officer, ZUK NIR completed a deal on Oct 01 ’24 to sell 36000.0 shares. Meanwhile, Affiliate Nir Zuk bought 0.11 million shares on Oct 01 ’24.
