Raymond James analyst Adam Tindle maintained a Buy rating on Palo Alto Networks (NYSE:PANW) on Monday, setting a price target of $410, which is approximately 5.59% above the present share price of $388.3.
Tindle expects Palo Alto Networks to post earnings per share (EPS) of -$1.50 for the third quarter of 2021.
The current consensus among 21 TipRanks analysts is for a Strong Buy rating of shares in Palo Alto Networks, with an average price target of $438.52.
The analysts price targets range from a high of $500 to a low of $350.
In its latest earnings report, released on 04/30/2021, the company reported a quarterly revenue of $1.07 billion and a net profit of -$110.4 million. The company's market cap is $37.82 billion.
According to TipRanks.com, Raymond James analyst Adam Tindle is currently ranked with 3 stars on a 0-5 stars ranking scale, with an average return of 6.2% and a 49.68% 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.