Now Is Not the Time to Get Greedy With Palo Alto Networks, Inc. Stock
If this sounds like a broken record, it's because it is. Palo Alto Networks (NYSE: PANW) reports better-than-expected revenue growth, and its stock jumps close to double digits. However, within days profit takers sell, reap their rewards, and are off to the next quick-hitter.
I don't mean to toot my own horn, but as alluded to in a recent article, revenue wins and subsequent price swings are recurring themes with Palo Alto. As frustrating as the stock's roller-coaster ride is, there are a host of reasons why it can't seem to attract long-term investors. Those reasons show why now is not the time to get greedy with Palo Alto stock.
Image source: Getty Images.
Source: Fool.com
Palo Alto Networks Stock
€283.70
-4.420%
With 71 Buy predictions and not a single Sell prediction Palo Alto Networks is an absolute favorite of our community.
With a target price of 310 € there is a slightly positive potential of 9.27% for Palo Alto Networks compared to the current price of 283.7 €.
