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Where Does Wall Street Think Palo Alto Networks Inc (PANW) Stock Will Go?

Tuesday, July 27, 2021 12:06 PM | InvestorsObserver Analysts

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Where Does Wall Street Think Palo Alto Networks Inc (PANW) Stock Will Go?

Wall Street is positive on Palo Alto Networks Inc (PANW). On average, analysts give PANW a Strong Buy rating. The average price target is $433.222, which means analysts expect the stock to rise by 10.40% over the next twelve months. That average ranking earns PANW an Analyst Rating of 65, which is better than 65% of stocks based on data compiled by InvestorsObserver.

Overall Score - 4.7
Wall Street analysts are rating PANW a Strong Buy today. Find out what this means to you and get the rest of the rankings on PANW!

Why are Analyst Ratings Important?

Analysts know the inner workings of the companies they follow better than anyone but the companies’ management. You can learn a lot about a company from studying the financial statements, but analysts ask questions on conference calls and understand the intricacies of each of the businesses they cover. Analysts understand how bad weather in one part of the world can disrupt supply chains, or disrupt shopping patterns. This lets traders make decisions **before** a quarterly report that could be worse than expected. InvestorsObserver aggregates the ratings of all the analysts covering a given stock, takes the average of those ratings and then percentile ranks the averages. That provides a level of granularity that is significantly better than just the three levels provided by traditional buy/hold/sell ratings.

What's Happening With Palo Alto Networks Inc Stock Today?

Palo Alto Networks Inc (PANW) stock is trading at $392.42 as of 11:48 AM on Tuesday, Jul 27, a drop of -$6.57, or -1.65% from the previous closing price of $398.99. The stock has traded between $390.51 and $400.98 so far today. Volume today is light. So far 212,045 shares have traded compared to average volume of 944,956 shares. Click Here to get the full Stock Report for Palo Alto Networks Inc stock.

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