This Is What Whales Are Betting On Palo Alto Networks
Portfolio Pulse from Benzinga Insights
A large bearish position has been taken on Palo Alto Networks (NASDAQ:PANW), with 68% of big-money traders showing bearish sentiment. The price range targeted by these traders over the last 3 months is $130.0 to $280.0. The current price of PANW is $233.58, up 0.5%. Several financial institutions have maintained their positive ratings on PANW, with price targets ranging from $259 to $295.
August 29, 2023 | 4:01 pm
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A large bearish position has been taken on Palo Alto Networks, with a price range of $130.0 to $280.0 targeted by traders. The current price is $233.58, up 0.5%. Positive ratings have been maintained by several institutions.
The large bearish position taken by big-money traders indicates a potential downward movement in the short term. However, the positive ratings maintained by several financial institutions suggest a positive long-term outlook. The current price is within the targeted range, but closer to the higher end, which may indicate a potential downside risk in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100