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Analysts Offer Insights on Technology Companies: SolarEdge Technologies (SEDG) and Palo Alto Networks (PANW)

Tipranks - Tipranks - Thu Jul 2, 5:26AM CDT

Analysts have been eager to weigh in on the Technology sector with new ratings on SolarEdge Technologies (SEDG) and Palo Alto Networks (PANW).

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SolarEdge Technologies (SEDG)

Barclays analyst Christine Cho CFA maintained a Hold rating on SolarEdge Technologies yesterday and set a price target of $41.00. The company’s shares closed last Tuesday at $58.44.

According to TipRanks.com, CFA is ranked #7780 out of 12347 analysts.

The word on The Street in general, suggests a Hold analyst consensus rating for SolarEdge Technologies with a $40.73 average price target, which is a -31.9% downside from current levels. In a report issued on June 26, TipRanks – PerPlexity also downgraded the stock to Hold with a $51.00 price target.

See Insiders’ Hot Stocks on TipRanks >>

Palo Alto Networks (PANW)

BTIG analyst Gray Powell reiterated a Buy rating on Palo Alto Networks yesterday and set a price target of $380.00. The company’s shares closed last Tuesday at $341.02.

According to TipRanks.com, Powell is a 5-star analyst with an average return of 12.6% and a 58.4% success rate. Powell covers the Technology sector, focusing on stocks such as CrowdStrike Holdings, Rubrik, Inc. Class A, and Tenable Holdings. ;'>

Currently, the analyst consensus on Palo Alto Networks is a Strong Buy with an average price target of $327.39, a 0.0% downside from current levels. In a report issued on June 16, William Blair also maintained a Buy rating on the stock.

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