Skip to main content
This section contains press releases and other materials from third parties (including paid content). The Globe and Mail has not reviewed this content. Please see disclaimer.

Analysts Offer Insights on Technology Companies: Palo Alto Networks (PANW), Cadence Design (CDNS) and Nutanix (NTNX)

Tipranks - Thu Feb 19, 3:32AM CST

There’s a lot to be optimistic about in the Technology sector as 3 analysts just weighed in on Palo Alto Networks (PANWResearch Report), Cadence Design (CDNSResearch Report) and Nutanix (NTNXResearch Report) with bullish sentiments.

President's Day Sale - 70% Off

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 4.5% and a 51.2% success rate. Kalia covers the Technology sector, focusing on stocks such as Rubrik, Inc. Class A, CrowdStrike Holdings, and Procore Technologies. ;'>

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.

See Insiders’ Hot Stocks on TipRanks >>

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 0.2% and a 46.5% success rate. Celino covers the Technology sector, focusing on stocks such as ServiceTitan, Inc. Class A, Procore Technologies, and Paylocity. ;'>

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 4.6% and a 53.6% success rate. Nispel covers the NA sector, focusing on stocks such as Charter Communications, Cogent Comms, and T Mobile US. ;'>

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.

Disclaimer & DisclosureReport an Issue

This article contains syndicated content. We have not reviewed, approved, or endorsed the content, and may receive compensation for placement of the content on this site. For more information please view the Barchart Disclosure Policy here.