Palo Alto Networks Unusual Options Activity For October 10
Portfolio Pulse from Benzinga Insights
Unusual options activity has been observed for Palo Alto Networks (NASDAQ:PANW), with 16 options trades spotted, split between 62% bullish and 37% bearish. The big-money traders have been targeting a price range from $180.0 to $350.0 for PANW over the last 3 months. Citigroup and BTIG maintain their Buy rating on PANW with price targets of $285 and $292 respectively, while HSBC downgraded its action to Hold with a price target of $242.
October 10, 2023 | 4:15 pm
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Unusual options activity observed for Palo Alto Networks, indicating potential price movement. Analysts' ratings vary, with Citigroup and BTIG maintaining Buy and HSBC downgrading to Hold.
The unusual options activity indicates that big-money traders are expecting significant price movement in PANW. However, the mixed analyst ratings from Citigroup, BTIG, and HSBC create uncertainty about the direction of this movement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100