Northland Securities analyst Nehal Chokshi reiterated a Buy rating on Palo Alto Networks (NYSE:PANW) on Tuesday, setting a price target of $313, which is approximately 17.20% above the present share price of $267.07.
Chokshi expects Palo Alto Networks to post earnings per share (EPS) of -$0.77 for the third quarter of 2020.
The current consensus among 25 TipRanks analysts is for a Strong Buy rating of shares in Palo Alto Networks, with an average price target of $297.22.
The analysts price targets range from a high of $328 to a low of $230.
In its latest earnings report, released on 04/30/2020, the company reported a quarterly revenue of $869.4 million and a net profit of -$56.5 million. The company's market cap is $25.76 billion.
According to TipRanks.com, Northland Securities analyst Nehal Chokshi is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 10.1% and a 53.63% success rate.
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.