Analysts Offer Insights on Technology Companies: Palo Alto Networks (PANW), Cadence Design (CDNS) and Nutanix (NTNX)
There’s a lot to be optimistic about in the Technology sector as 3 analysts just weighed in on Palo Alto Networks (PANW – Research Report), Cadence Design (CDNS – Research Report) and Nutanix (NTNX – Research Report) with bullish sentiments.
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Palo Alto Networks (PANW)
Barclays analyst Saket Kalia maintained a Buy rating on Palo Alto Networks today and set a price target of $200.00. The company’s shares closed last Tuesday at $163.50.
According to TipRanks.com, Kalia is a 4-star analyst with an average return of
Currently, the analyst consensus on Palo Alto Networks is a Strong Buy with an average price target of $222.99, representing a 34.6% upside. In a report issued on February 12, TipRanks – Google also upgraded the stock to Buy with a $183.00 price target.
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Cadence Design (CDNS)
KeyBanc analyst Jason Celino maintained a Buy rating on Cadence Design today and set a price target of $405.00. The company’s shares closed last Tuesday at $283.46.
According to TipRanks.com, Celino is a 2-star analyst with an average return of
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Cadence Design with a $357.00 average price target, implying a 21.1% upside from current levels. In a report issued on February 3, TipRanks – Google also upgraded the stock to Buy with a $339.00 price target.
Nutanix (NTNX)
KeyBanc analyst Brandon Nispel reiterated a Buy rating on Nutanix today. The company’s shares closed last Tuesday at $40.95.
According to TipRanks.com, Nispel is a 4-star analyst with an average return of
Nutanix has an analyst consensus of Moderate Buy, with a price target consensus of $63.00, which is a 52.7% upside from current levels. In a report issued on February 9, UBS also initiated coverage with a Buy rating on the stock with a $57.00 price target.
