There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Palo Alto Networks (PANW – Research Report) and Toast Inc (TOST – Research Report) with bullish sentiments.
Stay Ahead of the Market:
Palo Alto Networks (PANW)
JMP Securities analyst Trevor J. Walsh maintained a Buy rating on Palo Alto Networks today and set a price target of $208.00. The company’s shares closed last Monday at $167.82.
According to TipRanks.com, Walsh is a 5-star analyst with an average return of 23.8% and a 67.9% success rate. Walsh covers the Technology sector, focusing on stocks such as CrowdStrike Holdings, Tyler Technologies, and SoundThinking Inc.
Currently, the analyst consensus on Palo Alto Networks is a Moderate Buy with an average price target of $210.55, which is a 24.0% upside from current levels. In a report issued on December 31, Evercore ISI also maintained a Buy rating on the stock with a $230.00 price target.
See Insiders’ Hot Stocks on TipRanks >>
Toast Inc (TOST)
Jefferies analyst Samad Samana reiterated a Buy rating on Toast Inc today and set a price target of $45.00. The company’s shares closed last Monday at $35.11.
According to TipRanks.com, Samana is a 4-star analyst with an average return of 7.5% and a 51.9% success rate. Samana covers the Technology sector, focusing on stocks such as CCC Intelligent Solutions Holdings, Zoom Video Communications, and BigCommerce Holdings.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Toast Inc with a $39.94 average price target, a 14.5% upside from current levels. In a report issued on January 6, BMO Capital also initiated coverage with a Buy rating on the stock with a $45.00 price target.
Read More on PANW: