Morningstar, and apparently other financial analysts, are touting the growth potential of Palo Alto Networks: https://www.fool.com/investing/2023/02/02/history-nasdaq-2023-stock-split-stock-wall-street/?source=eptyholnk0000202&utm_source=yahoo-host&utm_medium=feed&utm_campaign=article
Oddly, a large part of their argument is that their 3:1 made the stock much more accessible to retail inventors. That's not a particularly powerful driver for future growth of earnings for the company, so I think their opinion is oddly skewed from the start. Nor is the fact that a bunch of analysts are bullish necessarily a great indicator as analysts have their reasons to support a stock (this has been discussed many times before).
So, is PANW a good investment? Quite possibly. As noted in the Morningstar article, they are boasting an impressive growth rate. Gross profit is also growing, but net earnings are still negative. Currently the stock is trading above 50-day average – right around it's 200-day average. My take: worth watching, but not a buy at today's price.
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