Rosenblatt Securities Believes Palo Alto Networks (NYSE: PANW) Won’t Stop Here

In a report issued on June 9, Yun Kim from Rosenblatt Securities maintained a Buy rating on Palo Alto Networks (PANWResearch Report), with a price target of $270.00. The company’s shares closed last Monday at $247.66, close to its 52-week high of $255.84.

According to TipRanks.com, Kim is a 5-star analyst with an average return of 21.4% and a 73.5% success rate. Kim covers the Technology sector, focusing on stocks such as SailPoint Technologies Holdings, Manhattan Associates, and Pegasystems.

Palo Alto Networks has an analyst consensus of Strong Buy, with a price target consensus of $263.64, a 7.5% upside from current levels. In a report issued on June 4, Cleveland Research also maintained a Buy rating on the stock.

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The company has a one-year high of $255.84 and a one-year low of $125.47. Currently, Palo Alto Networks has an average volume of 1.48M.

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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.