There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Grab (GRAB – Research Report) and Palo Alto Networks (PANW – Research Report) with bullish sentiments.
Grab (GRAB)
Bernstein analyst Venugopal Garre maintained a Buy rating on Grab today and set a price target of $4.10. The company’s shares closed last Friday at $3.16.
According to TipRanks.com, Garre is ranked #7612 out of 8743 analysts.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Grab with a $4.31 average price target, which is a 34.7% upside from current levels. In a report issued on February 21, J.P. Morgan also maintained a Buy rating on the stock with a $3.80 price target.
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Palo Alto Networks (PANW)
In a report released today, Peter Weed from Bernstein maintained a Buy rating on Palo Alto Networks, with a price target of $335.00. The company’s shares closed last Friday at $282.09.
According to TipRanks.com, Weed is a 4-star analyst with an average return of
Currently, the analyst consensus on Palo Alto Networks is a Moderate Buy with an average price target of $338.77, representing a 22.3% upside. In a report issued on February 20, BMO Capital also maintained a Buy rating on the stock with a $327.00 price target.
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Read More on GRAB:
- Grab Holdings price target lowered to $5 from $5.20 at Citi
- GRAB Earnings: Grab Slides amid Weak FY24 Outlook
- Grab Holdings sees FY24 revenue $2.70B-$2.75B, consensus $2.8B
- Grab Holdings reports Q4 EPS 1c, consensus (1c)
- Grab Reports Fourth Quarter and Full Year 2023 Results and Announces Inaugural Share Repurchase Program of Up to $500 Million
