Northland Capital Markets Downgrades Palo Alto Networks (PANW) to Market Perform
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 6/23/2026
- Wall Street ends lower on semiconductor selloff as AI spending concerns mount
- Alphabet added to Dow Jones Industrial Average, Verizon dropped
- Chip stocks plunge, but bargain-hunters limit scale of tech rout
- FedEx falls 4% as CY2026 profit forecast misses expectations despite Q4 beat
- Oil prices finish 1% lower as investors focus on Hormuz flows after peace talks
- Exclusive-China robot-hand-building unicorn Linkerbot targets $6 billion valuation
- Spain's ex-transport minister sentenced to 24 years for corruption
- Needham Starts NeoVolta (NEOV) at Buy
- China, US, UAE police arrest 276 telecom fraud suspects in Dubai
- Li Auto Inc. (LI) Breaks Ground on Chips R&D and Production Base
Evercore ISI on Palo Alto Networks (PANW): 'mgmt has enough credibility to instill some confidence'
February 21, 2024 9:26 AM ESTEvercore ISI analyst Peter Levine reiterated an Outperform rating and $405.00 price target on Palo Alto Networks (NASDAQ: PANW).
The analyst comments "The post-market response to this print given all the moving pieces is unsurprising; nevertheless, we're maintaining our thesis. To start, our channel work this quarter, (here) & (here), provide sufficient evidence to suggest that there is no demand problem, no underlying shift in the fundamentals, and no new emerging competitive concerns. With no apparent demand deficit, we believe mgmt has enough credibility to instill some confidence in their choice to sacrifice... More
