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A statement released earlier today by Oppenheimer about Palo Alto Networks (NYSE:PANW) bumps the target price to $173.00

Yesterday Palo Alto Networks (NYSE:PANW) traded -1.44% lower at $117.91. The company’s 50-day moving average is $145.34 and its 200-day moving average is $132.42. The last closing price is down 10.75% from the 200-day moving average, compared to the S&P 500 which has increased 0.01% over the same time period. 1,517,296 shares of the stock traded hands, up from an average trading volume of 1,332,940

Oppenheimer raised the stock price target of Palo Alto Networks (NYSE:PANW) to $173.00 indicating a possible upside of 0.47%.

Previously on Tuesday May 23, 2017, Zacks Investment Research reported on Palo Alto Networks (NYSE:PANW) increased the target price from $0.00 to $131.00. At the time, this indicated a possible upside of 0.12%.

See Chart Below

Palo Alto Networks (NYSE:PANW)

Palo Alto Networks has a 52 week low of $107.31 and a 52 week high of $165.69 The company’s market cap is currently $0.

In addition to Oppenheimer reporting its stock price target, a total of 38 brokers have issued a report on the company. The average stock price target is $195.61 with 18 brokers rating the stock a strong buy, 22 brokers rating the stock a buy, 3 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.

General Information About Palo Alto Networks (NYSE:PANW)

Palo Alto Networks, Inc. offers a next-generation security platform. The Company's security platform consists of three elements: Next-Generation Firewall, Advanced Endpoint Protection and Threat Intelligence Cloud. Its Next-Generation Firewall delivers application, user and content visibility and control, as well as protection against network-based cyber threats integrated within the firewall through its hardware and software architecture. Its Advanced Endpoint Protection prevents cyber attacks that run malicious code or exploit software vulnerabilities on a range of fixed and virtual endpoints and servers. Its Threat Intelligence Cloud provides central intelligence capabilities, security for software as a service applications and automated delivery of preventative measures against cyber attacks. Its products and services include firewall appliances, panorama, virtual system upgrades, subscription services, support and maintenance, and professional services.

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