New York: Palo Alto Networks (NYSE:PANW) Stock Has Just Had Its “Outperform” Rating Reiterated by FBR Capital. Shares now Have a $235 Target

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Palo Alto Networks (NYSE:PANW) Rating Reaffirmed

They currently have a $235 PT on Palo Alto Networks (NYSE:PANW). The target price by FBR Capital would suggest a potential upside of 23.17% from the company’s last stock close. This has been disclosed to clients in an analyst research report on Thursday morning.

From a total of 32 analysts covering Palo Alto Networks (NYSE:PANW) stock, 31 rate it a ”Buy”, 0 a “Sell”, and 6 a ”Hold”. This means that 84% of the ratings are positive. The highest target price is $225 while the lowest target price is $186. The mean of all analyst targets is $206.66 with a 6.81% above today’s ($190.79) stock price. Palo Alto Networks was the topic of 34 analyst reports since July 22, 2015 according to the firm StockzIntelligence Inc. Argus Research upgraded shares on November 25 to “Buy” rating. RBC Capital Markets maintained shares with “Outperform” rating and $205 target share price in a report from a November 24. UBS maintained PANW stock in a recent report from November 24 with “Buy” rating. FBR Capital maintained the rating on November 24. FBR Capital has a “Outperform” rating and a $210 price target on shares. Finally, Stifel Nicolaus maintained the stock with “Buy” rating in a report issued on a November 24.

The stock increased 0.98% or $1.85 on December 3, striking $190.79. Approximately shares of stock traded hands. Palo Alto Networks Inc (NYSE:PANW) has risen 29.16% since April 30, 2015 and is uptrending. It has outperformed by 29.44% the S&P500.

Palo Alto Networks, Inc. is a security company. The company has a market cap of $16.23 billion. The Company’s security platform consists of three elements: its Next-Generation Firewall, its Advanced Endpoint Protection, and its Threat Intelligence Cloud. It currently has negative earnings. The Company’s Next-Generation Firewall delivers application, user, and content visibility and control, as well as protection against network cyber threats integrated within the firewall through its hardware and software architecture.

According to Zacks Investment Research, “Palo Alto Networks, Inc. offers a network security platform that allows enterprises, service providers, and government entities to secure their networks. The core of its platform is the Company’s firewall that delivers natively integrated application, user, and content visibility and control through its operating system, hardware, and software architecture. It serves the enterprise network security market, which consists of Firewall, Unified Threat Management, Web Gateway, Intrusion Detection and Prevention, and Virtual Private Network technologies. Palo Alto Networks, Inc. is headquartered in Santa Clara, California.” Get a free copy of the Zacks research report on Palo Alto Networks Inc (PANW).

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