Palo Alto Networks's Options: A Look at What the Big Money is Thinking
Portfolio Pulse from Benzinga Insights
Big money investors have shown a bearish stance on Palo Alto Networks (NASDAQ:PANW), with unusual options activity indicating a split sentiment: 38% bullish and 61% bearish. Significant trades suggest a price range of $200 to $600 for PANW over the next three months. The company, a major cybersecurity vendor, has seen its stock price increase by 0.66% to $286.96, with analysts setting an average price target of $335. Recent options trades include both calls and puts with varying sentiments and strike prices.
March 26, 2024 | 5:45 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Palo Alto Networks has seen significant options activity indicating a bearish stance by big money investors, with a price target average of $335 by analysts.
The bearish sentiment among big money investors, as indicated by the unusual options activity, suggests a potential short-term downside for PANW. However, the analysts' average price target of $335 provides a counterbalance, indicating underlying confidence in the company's fundamentals. The mixed sentiment could lead to increased volatility in the short term.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100