Palo Alto Networks Inc [NASDAQ: PANW] closed the trading session at $341.77.
The stocks have a year to date performance of 15.90 percent and weekly performance of -1.27 percent. The stock has been moved at 20.03 percent over the last six months. The stock has performed 3.22 percent around the most recent 30 days and changed 9.21 percent over the most recent 3-months.
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If compared to the average trading volume of 3.05M shares, PANW reached to a volume of 3388447 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about Palo Alto Networks Inc [PANW]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for PANW shares is $381.79 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on PANW stock is a recommendation set at 1.68. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Redburn Atlantic have made an estimate for Palo Alto Networks Inc shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on July 18, 2024. While these analysts kept the previous recommendation, DA Davidson raised their target price to Buy. The new note on the price target was released on June 21, 2024, representing the official price target for Palo Alto Networks Inc stock. Previously, the target price had yet another raise to $350, while Daiwa Securities analysts kept a Outperform rating on PANW stock. On February 21, 2024, analysts decreased their price target for PANW shares from 290 to 265.
The Average True Range (ATR) for Palo Alto Networks Inc is set at 11.32, with the Price to Sales ratio for PANW stock in the period of the last 12 months amounting to 13.86. The Price to Book ratio for the last quarter was 21.49, with the Price to Cash per share for the same quarter was set at 7.96. Price to Free Cash Flow for PANW in the course of the last twelve months was 35.89 with Quick ratio for the last quarter at 0.84.
PANW stock trade performance evaluation
Palo Alto Networks Inc [PANW] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -1.27. With this latest performance, PANW shares gained by 3.22% in over the last four-week period, additionally plugging by 20.03% over the last 6 months – not to mention a rise of 35.01% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for PANW stock in for the last two-week period is set at 49.79, with the RSI for the last a single of trading hit 46.73, and the three-weeks RSI is set at 51.34 for Palo Alto Networks Inc [PANW]. The present Moving Average for the last 50 days of trading for this stock 335.59, while it was recorded at 342.59 for the last single week of trading, and 312.97 for the last 200 days.
Palo Alto Networks Inc [PANW]: An insightful look at the core fundamentals
Palo Alto Networks Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.84 and a Current Ratio set at 0.84.
Earnings per share (EPS) analysis for Palo Alto Networks Inc [PANW] stock
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for PANW. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Palo Alto Networks Inc go to 15.20%.
Palo Alto Networks Inc [PANW]: Institutional Ownership
There are presently around $80.44%, or 81.26%% of PANW stock, in the hands of institutional investors. The top three institutional holders of PANW stocks are: VANGUARD GROUP INC with ownership of 29.5 million shares, which is approximately 9.1363%. BLACKROCK INC., holding 25.01 million shares of the stock with an approximate value of $$8.48 billion in PANW stocks shares; and BLACKROCK INC., currently with $$4.75 billion in PANW stock with ownership which is approximately 4.3417%.
