On Thursday, the Vetr crowd upgraded their rating for Palo Alto Networks Inc PANW from 3 stars (Hold), issued 30 days go, to 5 stars (Strong Buy). At the time of the upgrade, crowd sentiment for Palo Alto was almost completely positive, with 95 percent of Vetr user ratings bullish.
The cybersecurity firm's share price plummeted by more than 20 percent after the company released Q2 earnings on February 28. Palo Alto hit analyst estimates for EPS, but missed revenue estimates, posting revenue of $422.60 million compared to the estimated $429.89 million.
Palo Alto's closed today at $116.49, about $1.30 above its previous close.
See how crowdsourced ratings could help you time the market.
Currently, the Vetr crowd's average target price for the stock is up at $142.35, which is still below the average analyst target price of $156.80. Less than 2 percent of Vetr users are holding PANW in their watch lists.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
|---|
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
