To predict the stock price of Palo Alto Networks (PANW) for the next trading week, we analyze both technical indicators and recent news sentiment.
Palo Alto Networks (PANW) is currently trading at $182.41 as of the latest data. The stock is near its Fibonacci pivot point of $181.19, with resistance levels at $187.71 and $191.73, and support levels at $174.68 and $170.66. The Relative Strength Index (RSI) is at 47.21, indicating a neutral position, while the MACD is slightly negative, suggesting a weak bearish trend.
Palo Alto Networks has recently received positive analyst ratings, with price targets raised to $232 by RBC Capital and $230 by Needham. The company has shown strong revenue growth of 14% year-over-year and has expanded its platformization strategy, which is expected to drive future growth. However, the stock has faced some pressure due to weaker-than-expected guidance for the next quarter.
Based on the technical indicators and news sentiment, PANW is expected to trade in the range of $175 to $190 next week. The stock is likely to test the resistance level at $187.71, and if it breaks above, it could reach $190. If it fails to break the resistance, it may drop to the support level at $174.68.
Given the current technical setup and positive news sentiment, it is recommended to buy PANW if it dips to the support level of $175, with a target price of $190. However, if the stock breaks below $174.68, it may be wise to sell or wait for further support.
The price of PANW is predicted to go up 11.11%, based on the high correlation periods with SNX. The similarity of these two price pattern on the periods is 95.22%.
PANW
SNX
Palo Alto has strong secular tailwinds behind its back as endpoint security, cloud security, and the convergence of networking and security are projected to grow rapidly.
Palo Alto's strength in the high-margin firewall space should allow the firm to generate substantial cash in the future.
The company stands to benefit as clients consolidate vendors and opt for a platform-based cybersecurity approach.
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Price Target
$205
Upside
+19.67%
Jefferies
2025-03-31
Price Target
$240 → $215
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+26%
Truist Securities
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Price Target
$213 → $205
Upside
+20.14%