Time for Investors to Take the Plunge on Palo Alto Networks, Inc. (NYSE:PANW)

Equity Research firms currently have a positive stance on shares of Palo Alto Networks, Inc. (NYSE:PANW). The majority of analysts covering the equity have either a Buy or Strong Buy recommendation on the stock, yielding a consensus score of 1.70. This is based on the research brokerage reports taken into consideration by Thomson Reuters. Those same analysts are projecting that the stock will reach $180.66 on a short term basis.

At the time of writing, the stock was trading at $159.54. This represents a change from the opening price of 0.34%. In terms of performance, year to date, the stock is -9.69%. The monthly stock performance comes in at 13.10%. For the quarter, shares are performing at 33.82%. Weekly performance analysis shows the equity at 6.17%.

In taking a look at technical levels, shares are trading 13.37% away from the 50 day simple moving average and 11.56% away from the 200 day simple moving average. Based on a recent bid, the stock is trading -18.07% away from it’s 52- week high and 43.61% away from its 52 week low. After the recent moves, investors may also look to see if the stock has entered oversold or overbought territory and could be ripe for a bounce. As of writing, Palo Alto Networks, Inc.’s RSI stands at 72.71. In looking at volatility levels, the shares saw weekly volatility of 2.08% and 2.20% over the past month.

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