Benzinga Breakdown: Analysts Give Palo Alto More Mixed Reviews Than 'Batman V Superman'
After Palo Alto Networks Inc (NYSE: PANW) reported a strong quarter but gave what was considered weak-ish guidance, investors sent the stock down 10 percent pre-market Friday while analysts reacted with mixed feelings.
JPMorgan credited its price target change to softness in the overall software industry, not being directly related to Palo Alto. Furthermore, there has been a lot of commentary from the bullish analysts suggesting that the market is overreacting to the light guidance, and the stock could rebound.
Latest Ratings for PANW
|Sep 2016||Rosenblatt||Initiates Coverage on||Buy|
|Aug 2016||Raymond James||Downgrades||Strong Buy||Outperform|
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