|Bid||550.51 x 900|
|Ask||560.00 x 1300|
|Day's Range||543.11 - 557.99|
|52 Week Range||290.05 - 559.54|
|Beta (5Y Monthly)||1.35|
|PE Ratio (TTM)||N/A|
|Earnings Date||Feb. 21, 2022 - Feb. 25, 2022|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||608.74|
Palo Alto Networks' (NASDAQ: PANW) terrific quarterly report and guidance prompted a spate of price target upgrades by Wall Street analysts, who believe that the company's outstanding growth is sustainable thanks to its presence in several hot cybersecurity niches. Let's look closely at Palo Alto's latest quarterly performance and check why this growth stock sports a Street-high price target of $740, which points toward a 39% upside from current levels. Palo Alto Networks has started its new fiscal year with a bang.
Palo Alto Networks' (NASDAQ: PANW) stock has rallied more than 80% over the past 12 months and currently hovers near all-time highs. The cybersecurity company dazzled investors by repeatedly beating Wall Street's expectations while raising its guidance over the past year, but is its stock getting too hot to handle? Let's take a fresh look at Palo Alto's growth rates and valuations to see if its stock is still worth buying.