This Is What Whales Are Betting On Palo Alto Networks
Portfolio Pulse from Benzinga Insights
A whale investor has taken a bullish stance on Palo Alto Networks (NASDAQ:PANW), with 62% of investors opening trades with bullish expectations and 37% with bearish. The whale has been targeting a price range from $210.0 to $450.0 for Palo Alto Networks over the last 3 months. The price of PANW is currently down -0.7% at $235.12. HSBC has downgraded its action to Hold with a price target of $242, while Citigroup and BTIG maintain their Buy rating with price targets of $285 and $292 respectively.
October 06, 2023 | 4:30 pm
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Palo Alto Networks has seen a bullish stance from a whale investor, with a targeted price range of $210-$450. The current price is down -0.7% at $235.12. Analysts have mixed ratings, with HSBC downgrading to Hold and Citigroup and BTIG maintaining a Buy rating.
The bullish stance from a whale investor indicates a positive outlook for Palo Alto Networks. The targeted price range is significantly higher than the current price, suggesting potential for growth. However, the mixed analyst ratings indicate some uncertainty in the market.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100