Robert W. Baird analyst Jonathan Ruykhaver maintained a Buy rating on Palo Alto Networks (NYSE:PANW) on Monday, setting a price target of $265, which is approximately 14.85% above the present share price of $230.73.
Ruykhaver expects Palo Alto Networks to post earnings per share (EPS) of -$0.77 for the second quarter of 2020.
The current consensus among 26 TipRanks analysts is for a Moderate Buy rating of shares in Palo Alto Networks, with an average price target of $254.68.
The analysts price targets range from a high of $290 to a low of $180.
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 $22.26 billion.
According to TipRanks.com, Robert W. Baird analyst Jonathan Ruykhaver is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 18.8% and a 62.78% 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.