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Palo Alto Networks Stock Forecast, Price & News NASDAQ:PANW

palo alto stock forecast

The company has developed a reputation for delivering innovative and effective security solutions and it has been recognized by industry analysts for its leadership in the cybersecurity market. We forecast Palo Alto Networks stock performance using neural networks based on historical data on Palo Alto Networks stocks. Also, when forecasting, technical analysis tools are used, world geopolitical and news factors are taken into account. There is also a key difference between the ABR and Zacks Rank when it comes to freshness. When looking for Palo Alto Networks stock forecasts, it’s important to bear in mind that analysts’ projections and price targets can be wrong.

  • The company is scheduled to release its next quarterly earnings announcement on Thursday, November 16th 2023.
  • Palo Alto will start 2030 at $456, then soar to $465 within the first half of the year, and finish 2030 at $475.
  • The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank.
  • According to 37 stock analysts, the average 12-month stock price forecast for PANW stock stock is $263.03, which predicts an increase of 7.04%.

Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let’s see what these Wall Street heavyweights think about Palo Alto Networks (PANW). Always remember that your decision to trade depends on your attitude to risk, your expertise in the market, the spread of your investment portfolio, and how comfortable you feel about losing money. A look at Palo Alto Networks’ historical prices over the past five years shows that the stock gained 296%.

Cramer’s Mad Dash on Palo Alto: One of the most impressive conference calls I’ve ever been on

Shares of Palo Alto Networks split on the morning of Wednesday, September 14th 2022. The newly created shares were payable to shareholders after the market closes on Tuesday, September 13th 2022. An investor that had 100 shares of stock prior to the split would have 300 shares after the split.

palo alto stock forecast

For the next eight years, the forecast is forEBIT to grow by 5.62%. The company’s acquisition-related costs in the fiscal year ended 31 July 2021 stood at $46.1m, climbing from $15.7m in the previous fiscal year. The adjusted free cash flow margin was in the range of 32% to 33% in the quarter ended October 31, 2021. Palo Alto Networks incurred losses in the fiscal year ended 31 July 2021 and the first quarter of the fiscal year 2022, which ended  on 31 October 2021.

That also marked its second consecutive quarter of GAAP profitability. PANW shares fell on Tuesday in sympathy with Oracle  ORCL, which dropped after issuing soft guidance. Here’s a full list of the stocks in Jim’s Charitable Trust, the portfolio used by the CNBC Investing Club. The EV / EBITDA ratio shows the ratio of the cost (EV) to its profit before tax, interest and amortization (EBITDA).

Palo Alto Networks Stock Forecast, “PANW” Share Price Prediction Charts

PAWN stock reached an all-time high of $551.18 on 29 November. It was $512.5 at close on 14 December, having lost 7% of its gains since its peak. As of 15 December, the company had a market capitalisation of $50.56bn, according to CompaniesMarketCap. After spooking Wall Street for weeks with its plans to report earnings after Friday’s closing bell, Palo Alto Networks Inc.’s mysterious move turned out to be much ado about nothing.

The company issued revenue guidance of $8.15 billion-$8.20 billion, compared to the consensus revenue estimate of $8.38 billion. In this period, the Palo Alto price precio de las acciones de apple would rise from $449 to $563, which is +25%. Palo Alto will start 2030 at $449, then soar to $458 within the first half of the year, and finish 2030 at $468.

palo alto stock forecast

That disciplined SBC spending enabled it to remain profitable on a GAAP basis over the past two quarters, and its free cash flow (FCF) grew 42% year over year to $416 million in the first half of the year. It uses the current share price and divides it by the total earnings per share for the last 12 months. Analysts employed by brokerage firms have been and continue to be overly optimistic with their recommendations.

An assessment indicates that the company narrowed losses gradually over those periods. According to the Analyst Day presentation, as of 13 September 2021, the company more than doubled its major product releases in 2021 compared to 2019. For the same period, the number of $1m+ accounts grew from 542 to 921, while the number of $10m+ accounts increased from 18 to 43. Palo Alto Networks stock has climbed around 45% on a year-to-date basis, given the work-from-home trend and concerns over cybersecurity. Joel Fishbein, Truist Managing Director, joins ‘Closing Bell Overtime’ to talk Palo Alto Networks’ quarterly earnings.

Palo Alto Networks Price prediction day by day

Forward P/E uses projections of future earnings instead of final numbers. EPS shows how much of the net profit is accounted for by the common share. Of the 36 recommendations that derive the current ABR, 31 are Strong Buy and two are Buy. Strong Buy and Buy respectively account for 86.1% and 5.6% of all recommendations.

Looking forward into 2022 and beyond, analysts shared different PANW stock price targets. The trend led to an increase in demand for cybersecurity services. This demand is expected to continue, with the global cybersecurity market size forecast to grow to $345.4bn by 2026, according to a report compiled by Statista. According to 38 analysts, the average rating for PANW stock is “Strong Buy.” The 12-month stock price forecast is $263.03, which is an increase of 7.04% from the latest price. Zacks provides the average brokerage recommendation (ABR) for thousands of stocks for most of the leading investment web sties. The ABR is the calculated average of the actual recommendations (strong buy, hold, sell etc) made by the brokerage firms for a given stock.

Palo Alto Networks Inc (NASDAQ:PANW)

At $150, CrowdStrike stock trades at 53 times its adjusted EPS forecast for fiscal 2024. Palo Alto Networks and Fortinet, which are both growing slower, trade at 45 and 40 times forward earnings, respectively. Like many of its cybersecurity peers, CrowdStrike blamed its slowdown on the macroeconomic headwinds that drove many businesses to rein in their software spending. Its declining net new ARR in the first half of fiscal 2024 also indicates it’s struggling to squeeze out more subscription revenue from its new and existing customers. In the last three years, Palo Alto Networks’s Net Income has grown by 226.01%, rising from $-81.90M to $-267.00M.

Market capitalization is the total market value of all issued shares of a company. It is calculated by the formula

multiplying the number of shares in the company outstanding by the market price of one share. Palo Alto provides its products to a variety of industries around the world. Palo Alto Networks stock prediction results are shown below and presented in the form of graphs, tables and text information, divided into time intervals.

Palo Alto Networks (PANW) Stock Forecast, Price & News

Professionals believe that By 2030, Palo Alto Networks’s Revenue will fall to $4.49B – a 18.36% decrease from its current value. In terms of earnings estimate revisions for Palo Alto, the Zacks Consensus Estimate for the current year has increased 35.7% over the past month to $5.34. Based on the recent corporate insider activity of 91 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of PANW in relation to earlier this year. Palo Alto recently joined the Nasdaq-100 index, which comprises the top 100 largest domestic and international non-financial companies on the NASDAQ exchange, based on market capitalisation. The stock was added as part of the index’s annual reconstitution.

CrowdStrike’s disruptive approach enabled it to grow like a weed since its IPO in 2019. Between fiscal 2020 and fiscal 2023 (which ended in January 2023), its revenue increased at a jaw-dropping compound annual growth rate (CAGR) of 67%. Its annual recurring revenue (ARR) rose at a CAGR of 62% during the same period.

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