Analysts Conflicted on These Technology Names: Palo Alto Networks (PANW), Adobe (ADBE) and ON Semiconductor (ON)

Companies in the Technology sector have received a lot of coverage today as analysts weigh in on Palo Alto Networks (PANW), Adobe (ADBE) and ON Semiconductor (ON).

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Palo Alto Networks (PANW)

In a report released yesterday, Catharine Trebnick from Rosenblatt Securities maintained a Buy rating on Palo Alto Networks, with a price target of $355.00. The company’s shares closed last Thursday at $279.53.

According to TipRanks.com, Trebnick is ranked 0 out of 5 stars with an average return of -2.8% and a 43.4% success rate. Trebnick covers the Technology sector, focusing on stocks such as Zoom Video Communications, CrowdStrike Holdings, and Varonis Systems. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Palo Alto Networks with a $327.32 average price target, a 25.4% upside from current levels. In a report issued on June 8, Phillip Securities also initiated coverage with a Buy rating on the stock with a $320.00 price target.

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Adobe (ADBE)

In a report released today, Kirk Materne from Evercore ISI downgraded Adobe to Hold, with a price target of $225.00. The company’s shares closed last Thursday at $218.80.

According to TipRanks.com, Materne is a 4-star analyst with an average return of 5.5% and a 52.4% success rate. Materne covers the Technology sector, focusing on stocks such as Octave Intelligence, Tyler Technologies, and EverCommerce. ;'>

Currently, the analyst consensus on Adobe is a Hold with an average price target of $296.55, a 29.0% upside from current levels. In a report released today, TipRanks – Anthropic also downgraded the stock to Hold with a $256.00 price target.

ON Semiconductor (ON)

In a report released yesterday, Christopher Rolland from Susquehanna reiterated a Buy rating on ON Semiconductor. The company’s shares closed last Thursday at $115.96.

According to TipRanks.com, Rolland is a top 25 analyst with an average return of 48.6% and a 67.0% success rate. Rolland covers the Technology sector, focusing on stocks such as MACOM Technology Solutions Holdings, Credo Technology Group Holding Ltd, and Advanced Micro Devices. ;'>

Currently, the analyst consensus on ON Semiconductor is a Moderate Buy with an average price target of $108.73, representing a -4.3% downside. In a report issued on May 29, TipRanks – xAI also upgraded the stock to Buy with a $137.00 price target.

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