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Analysts Have Conflicting Sentiments on These Technology Companies: Palo Alto Networks (PANW), Gitlab (GTLB) and Verisign (VRSN)

Tipranks - Tipranks - Thu Jun 4, 7:56AM CDT

Analysts have been eager to weigh in on the Technology sector with new ratings on Palo Alto Networks (PANW), Gitlab (GTLB) and Verisign (VRSN).

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Palo Alto Networks (PANW)

In a report released today, Patrick Colville from Scotiabank reiterated a Buy rating on Palo Alto Networks, with a price target of $320.00. The company’s shares closed last Tuesday at $297.18.

According to TipRanks.com, Colville is a 4-star analyst with an average return of 9.8% and a 53.9% success rate. Colville covers the Technology sector, focusing on stocks such as CrowdStrike Holdings, Tenable Holdings, and SailPoint, Inc. ;'>

Palo Alto Networks has an analyst consensus of Strong Buy, with a price target consensus of $319.97, representing an 11.3% upside. In a report released today, TipRanks – Anthropic also upgraded the stock to Buy with a $331.00 price target.

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Gitlab (GTLB)

J.P. Morgan analyst Brian Essex maintained a Hold rating on Gitlab today and set a price target of $32.00. The company’s shares closed last Tuesday at $31.82.

According to TipRanks.com, Essex is a 5-star analyst with an average return of 11.0% and a 55.8% success rate. Essex covers the Technology sector, focusing on stocks such as International Business Machines, CrowdStrike Holdings, and Palo Alto Networks. ;'>

Currently, the analyst consensus on Gitlab is a Hold with an average price target of $33.25, implying a 5.9% upside from current levels. In a report issued on May 21, TipRanks – PerPlexity also downgraded the stock to Hold with a $29.00 price target.

Verisign (VRSN)

In a report released yesterday, Alexei Gogolev from J.P. Morgan maintained a Hold rating on Verisign, with a price target of $285.00. The company’s shares closed last Tuesday at $297.41.

According to TipRanks.com, Gogolev is a 4-star analyst with an average return of 6.2% and a 50.7% success rate. Gogolev covers the Technology sector, focusing on stocks such as CCC Intelligent Solutions Holdings, SS&C Technologies Holdings, and Waystar Holding Corp. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Verisign with a $320.00 average price target, implying a 9.0% upside from current levels. In a report issued on May 18, TipRanks – Anthropic also downgraded the stock to Hold with a $326.00 price target.

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