KeyBanc has revised its price target for Palo Alto Networks (PANW, Financial), reducing it from $240 to $205 while maintaining an Overweight rating. The firm attributes this adjustment to recent trends in macroeconomic survey data and declining multiples among industry peers.
According to KeyBanc's analysis, although first-quarter bookings for Palo Alto Networks are expected to remain stable, the company may issue cautious future guidance. This caution stems from the observation that while pipelines are expanding, the pace of contract signings appears to be slowing.
Investors are advised to keep an eye on how these dynamics might impact Palo Alto Networks as the company navigates through the current economic environment.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 48 analysts, the average target price for Palo Alto Networks Inc (PANW, Financial) is $209.39 with a high estimate of $235.00 and a low estimate of $123.00. The average target implies an upside of 23.34% from the current price of $169.76. More detailed estimate data can be found on the Palo Alto Networks Inc (PANW) Forecast page.
Based on the consensus recommendation from 54 brokerage firms, Palo Alto Networks Inc's (PANW, Financial) average brokerage recommendation is currently 2.1, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Palo Alto Networks Inc (PANW, Financial) in one year is $177.07, suggesting a upside of 4.31% from the current price of $169.76. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Palo Alto Networks Inc (PANW) Summary page.
