New Buy Rating for Palo Alto Networks (PANW), the Technology Giant
New Buy Rating for Palo Alto Networks (PANW), the Technology Giant
Publish Date: 2026-06-30 08:01:00
Source Domain: www.theglobeandmail.com
In a report released today, Peter Weed from Bernstein maintained a Buy rating on Palo Alto Networks, with a price target of $253.00.
End of Quarter Sale – 70% Off
Weed covers the Technology sector, focusing on stocks such as Cloudflare, Datadog, and CrowdStrike Holdings. According to TipRanks, Weed has an average return of 11.4% and a 62.96% success rate on recommended stocks.
In a report released yesterday, Wells Fargo also assigned a Buy rating to the stock with a $355.00 price target.
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Based on Palo Alto Networks’ latest earnings release for the quarter ending April 30, the company reported a quarterly revenue of $3 billion and a GAAP net loss of $177 million. In comparison, last year the company earned a revenue of $2.29 billion and had a net profit of $262.1 million
Based on the recent corporate insider activity of 77 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of PANW in relation to earlier this year. Earlier this month, James J. Goetz, a Director at PANW sold 20,000.00 shares for a total of $5,597,820.68.
Read More on PANW:
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