This Is What Whales Are Betting On Palo Alto Networks
Portfolio Pulse from Benzinga Insights
A significant bullish stance has been taken on Palo Alto Networks (NASDAQ:PANW) by a large investor or institution, as indicated by unusual options trading activity. The sentiment among these big-money traders is split between 66% bullish and 33% bearish. The targeted price range for PANW over the last 3 months has been $195.0 to $240.0. Several financial institutions have maintained their positive ratings on PANW, with price targets ranging from $250 to $295.
August 25, 2023 | 5:15 pm
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Palo Alto Networks has seen significant bullish options trading activity. The sentiment among these traders is 66% bullish. Several financial institutions have maintained their positive ratings on PANW, with price targets ranging from $250 to $295.
The unusual options trading activity indicates that a large investor or institution is taking a bullish stance on PANW. This, combined with the positive ratings and high price targets from several financial institutions, suggests a positive short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100