Morgan Stanley Believes Palo Alto Networks (NYSE: PANW) Won’t Stop Here

By Jason Carr

Morgan Stanley analyst Keith Weiss maintained a Buy rating on Palo Alto Networks (PANWResearch Report) today and set a price target of $269.00. The company’s shares closed last Friday at $236.00, close to its 52-week high of $251.11.

According to TipRanks.com, Weiss is a 5-star analyst with an average return of 16.8% and a 70.9% success rate. Weiss covers the Technology sector, focusing on stocks such as Slack Technologies, NortonLifeLock, and Coupa Software.

Currently, the analyst consensus on Palo Alto Networks is a Moderate Buy with an average price target of $250.35, representing a 4.3% upside. In a report issued on May 11, Oppenheimer also maintained a Buy rating on the stock with a $225.00 price target.

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The company has a one-year high of $251.11 and a one-year low of $125.47. Currently, Palo Alto Networks has an average volume of 1.85M.

Based on the recent corporate insider activity of 99 insiders, corporate insider sentiment is neutral on the stock.

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Palo Alto Networks, Inc. engages in the provision of network security solutions to enterprises, service providers, and government entities. It operates through the following geographical segments: Americas; Europe, the Middle East, and Africa; and Asia Pacific and Japan. The company was founded by Nir Zuk, Rajiv Batra and Yu Ming Mao in March 01, 2005 and is headquartered in Santa Clara, CA.