Zacks.com users have recently been watching Palo Alto (PANW) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?
Shares of Palo Alto Networks PANW have had a stellar year, with shares continuing to build on a 180% rally that started in early 2023. Now just $5 shy of its all-time high from February, excitement is growing for what's next.
Shares of Palo Alto Networks NASDAQ: PANW have had a stellar year, with shares continuing to build on a 180% rally that started in early 2023. Now just $5 shy of its all-time high from February, excitement is growing for what's next.
The latest trading day saw Palo Alto Networks (PANW) settling at $373.23, representing a -0.32% change from its previous close.
Does Palo Alto Networks (PANW) have what it takes to be a top stock pick for momentum investors? Let's find out.
Palo Alto (PANW) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page.
Palo Alto Networks (PANW) closed at $369.40 in the latest trading session, marking a +1.8% move from the prior day.
The cybersecurity industry is growing rapidly as cyberattacks are increasing in number with more complexity of IT environments. This trend may benefit the companies' stocks as you may see here below:
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.
Holding on to PANW stock makes sense, as the company is likely to continue benefiting from the growing need for advanced cybersecurity solutions.