New Buy Rating for Palo Alto Networks (PANW), the Technology Giant
Piper Sandler analyst Rob Owens reiterated a Buy rating for Palo Alto Networks (PANW) with a $345 price target, noting a 18.0% average return and 60.57% success rate on recommended stocks. This comes after the cybersecurity company reported $3 billion in quarterly revenue and a GAAP net loss of $177 million for the quarter ending April 30. Despite a neutral sentiment from recent insider activity, another Buy rating was issued by BTIG, though Northland Securities maintains a Hold.
https://www.theglobeandmail.com/investing/markets/stocks/PANW-Q/pressreleases/2438154/new-buy-rating-for-palo-alto-networks-panw-the-technology-giant/