Behind the Scenes of Palo Alto Networks's Latest Options Trends
Portfolio Pulse from Benzinga Insights
Deep-pocketed investors have shown a bearish sentiment towards Palo Alto Networks (NASDAQ:PANW), with options activity indicating a divided mood: 40% bullish and 60% bearish. The trading activity suggests a price range of $150 to $360 for PANW in the next three months. The largest options trades include both bullish and neutral sentiments, with significant investments in calls and puts. The company's current market status shows a slight price decrease and an upcoming earnings announcement in 71 days. Analysts from Susquehanna, Oppenheimer, Stifel, Keybanc, and Wells Fargo have provided positive ratings with target prices ranging from $305 to $450.
March 11, 2024 | 2:01 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Palo Alto Networks has seen a bearish sentiment from large investors, with a significant options activity suggesting a potential price range of $150-$360. Analysts remain positive, offering target prices significantly higher than the current market price.
The bearish sentiment from large investors could indicate short-term volatility for PANW, but the overwhelmingly positive analyst ratings and the upcoming earnings announcement suggest potential for recovery or growth in the medium term. The mixed sentiment among options traders and the analysts' bullish outlook create a complex picture, making the short-term impact neutral but worth monitoring closely.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100