Colliers Securities analyst Catharine Trebnick reiterated a Buy rating on Palo Alto Networks (NYSE:PANW) on Tuesday, setting a price target of $600, which is approximately 26.02% above the present share price of $476.12.
Trebnick expects Palo Alto Networks to post earnings per share (EPS) of -$1.23 for the third quarter of 2021.
The current consensus among 26 TipRanks analysts is for a Strong Buy rating of shares in Palo Alto Networks, with an average price target of $521.54.
The analysts price targets range from a high of $615 to a low of $420.
In its latest earnings report, released on 07/31/2021, the company reported a quarterly revenue of $1.22 billion and a net profit of -$60.4 million. The company's market cap is $46.38 billion.
According to TipRanks.com, Colliers Securities analyst Catharine Trebnick is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 9.8% and a 54.19% success rate.
California-based Palo Alto Networks, Inc., founded in 2005, is a global cybersecurity leader. The company provides network security solutions to enterprises, service providers, and government entities.