This Is What Whales Are Betting On Palo Alto Networks
Portfolio Pulse from Benzinga Insights
A significant number of investors have taken a bearish stance on Palo Alto Networks (NASDAQ:PANW), with 78% of detected trades showing bearish expectations. Whales have been targeting a price range from $176.67 to $280.0 for the company over the last 3 months. The current price of PANW is down -2.28% at $244.66. Keybanc maintains an Overweight rating on Palo Alto Networks with a price target of $315, while Needham and JMP Securities have downgraded their actions with price targets of $305 and $300 respectively.
November 03, 2023 | 3:15 pm
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Palo Alto Networks has seen a bearish sentiment from investors, with a targeted price range of $176.67 to $280.0. The current price is down -2.28% at $244.66. Analysts have mixed ratings, with Keybanc maintaining an Overweight rating and a price target of $315, while Needham and JMP Securities have downgraded their actions.
The bearish sentiment from investors, as well as the downgrades from Needham and JMP Securities, could potentially lead to a decrease in the stock price of Palo Alto Networks in the short term. However, the Overweight rating from Keybanc could provide some support to the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100