What's Going On With Palo Alto Networks Stock Ahead Of Earnings?
Portfolio Pulse from Erica Kollmann
Palo Alto Networks (NASDAQ:PANW) shares are moving ahead of its third-quarter earnings report. Analysts expect earnings of $1.25 per share and revenue of $1.967 billion. The company recently announced a partnership with IBM to offer an AI-driven security platform. Keybanc analyst Michael Turits raised the price target to $384. PANW shares are trading above the 50-day moving average but below the 52-week high.
May 20, 2024 | 6:13 pm
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Palo Alto Networks is set to report its Q3 earnings with expected EPS of $1.25 and revenue of $1.967 billion. The company announced a partnership with IBM for an AI-driven security platform. Keybanc raised the price target to $384.
The upcoming earnings report, combined with a new partnership with IBM and a raised price target from Keybanc, suggests positive sentiment and potential upside for PANW stock in the short term.
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IMPORTANCE 90
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