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Benzinga Breakdown: Analysts Give Palo Alto More Mixed Reviews Than ‘Batman V Superman’

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Courtesy of Benzinga.

Benzinga Breakdown: Analysts Give Palo Alto More Mixed Reviews Than 'Batman V Superman'

After Palo Alto Networks Inc (NYSE: PANW) reported a strong quarter but gave what was considered weak-ish guidance, investors sent the stock down 10 percent pre-market Friday while analysts reacted with mixed feelings.

  • Deutsche Bank AG downgraded from Buy to Hold
  • Needham downgraded from Buy to Hold
  • Goldman Sachs maintained a Buy

    • Related Link: Here’s Why The Market Should Love Palo Alto’s Q3

  • Barclays maintained an Overweight rating and $184 price target
  • JPMorgan Chase & Co. maintained an Overweight rating, but lowered its price target to $196 from $216

    • JPMorgan credited its price target change to softness in the overall software industry, not being directly related to Palo Alto. Furthermore, there has been a lot of commentary from the bullish analysts suggesting that the market is overreacting to the light guidance, and the stock could rebound.

    Latest Ratings for PANW

    Date Firm Action From To
    May 2016 JP Morgan Maintains Overweight
    May 2016 Barclays Maintains Overweight
    May 2016 Goldman Sachs Maintains Buy

    View More Analyst Ratings for PANW


    View the Latest Analyst Ratings

    Posted-In: Earnings News Guidance Downgrades Price Target Reiteration Analyst Ratings Movers Best of Benzinga

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