Analysts Offer Insights on Technology Companies: Lyft (LYFT) and Palo Alto Networks (PANW)
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Lyft (LYFT)
In a report released today, John Blackledge from TD Cowen reiterated a Buy rating on Lyft, with a price target of $22.00. The company's shares closed last Monday at $16.02.
According to TipRanks.com, Blackledge is a 5-star analyst with an average return of 13.7% and a 61.5% success rate. Blackledge covers the NA sector, focusing on stocks such as IAC/InteractiveCorp., Alphabet Class C, and Alphabet Class A. ;'>
Currently, the analyst consensus on Lyft is a Hold with an average price target of $16.93, implying a 6.9% upside from current levels. In a report issued on August 7, Roth MKM also upgraded the stock to Buy with a $19.00 price target.
Palo Alto Networks (PANW)
Jefferies analyst Joseph Gallo maintained a Buy rating on Palo Alto Networks today and set a price target of $235.00. The company's shares closed last Monday at $176.17.
According to TipRanks.com, Gallo is a 5-star analyst with an average return of 14.7% and a 66.4% success rate. Gallo covers the Technology sector, focusing on stocks such as CrowdStrike Holdings, CyberArk Software, and Tenable Holdings. ;'>
Palo Alto Networks has an analyst consensus of Strong Buy, with a price target consensus of $216.03, representing a 21.3% upside. In a report issued on August 12, Piper Sandler also upgraded the stock to Buy with a $225.00 price target.
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