While Palo Alto Networks Inc has overperformed by 0.90%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, PANW rose by 34.24%, with highs and lows ranging from $408.53 to $260.09, whereas the simple moving average jumped by 18.76% in the last 200 days.
On November 22, 2024, HSBC Securities Downgraded Palo Alto Networks Inc (NASDAQ: PANW) to Reduce. A report published by Rosenblatt on November 21, 2024, Upgraded its rating to ‘Buy’ for PANW. Wells Fargo also reiterated PANW shares as ‘Overweight’, quoting a target price of $450 on the company’s shares in a report dated November 21, 2024. Susquehanna Reiterated the rating as Positive on November 21, 2024, but set its price target from $420 to $435. Robert W. Baird resumed its ‘Outperform’ rating for PANW, as published in its report on November 21, 2024. Piper Sandler’s report from November 21, 2024 suggests a price prediction of $385 for PANW shares, giving the stock a ‘Neutral’ rating. Needham also rated the stock as ‘Buy’.
Analysis of Palo Alto Networks Inc (PANW)
Further, the quarter-over-quarter increase in sales is 13.88%, showing a positive trend in the upcoming months.
To gain a thorough understanding of Palo Alto Networks Inc’s future performance, several well-rounded types of analysis and research techniques can be used, with equity being among the most crucial. The goal here is to ensure that your current return on equity of 67.66% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 0.79, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
It is also very valuable to look at average volume as an indicator of volatility for a stock, and PANW is recording an average volume of 2.49M. On a monthly basis, the volatility of the stock is set at 2.63%, whereas on a weekly basis, it is put at 3.01%, with a loss of -2.48% over the past seven days. Furthermore, long-term investors anticipate a median target price of $418.58, showing growth from the present price of $387.82, which can serve as yet another indication of whether PANW is worth investing in or should be passed over.
How Do You Analyze Palo Alto Networks Inc Shares?
A leading company in the Software – Infrastructure sector, Palo Alto Networks Inc (PANW) is based in the USA. When comparing Palo Alto Networks Inc shares with other companies under Technology, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 50.55, there is a growth in quarterly earnings of 78.19%.
The number of employees owning shares of the company should also be considered in addition to the fundamentals. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 1.13%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 77.68% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
PANW shares are owned by institutional investors to the tune of 77.68% at present.
