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Analysts Offer Insights on Technology Companies: Palo Alto Networks (PANW) and AppLovin (APP)

There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Palo Alto Networks (PANWResearch Report) and AppLovin (APPResearch Report) with bullish sentiments.

Palo Alto Networks (PANW)

BTIG analyst Gray Powell maintained a Buy rating on Palo Alto Networks on July 6 and set a price target of $720.00. The company’s shares closed last Thursday at $517.25.

According to TipRanks.com, Powell is a 4-star analyst with an average return of 9.0% and a 53.7% success rate. Powell covers the Technology sector, focusing on stocks such as Ping Identity Holding, CrowdStrike Holdings, and Tenable Holdings.

Currently, the analyst consensus on Palo Alto Networks is a Strong Buy with an average price target of $635.00, implying a 23.3% upside from current levels. In a report issued on June 30, Morgan Stanley also maintained a Buy rating on the stock with a $823.00 price target.

See today’s best-performing stocks on TipRanks >>

AppLovin (APP)

In a report released yesterday, Clark Lampen from BTIG maintained a Buy rating on AppLovin, with a price target of $60.00. The company’s shares closed last Thursday at $37.64, close to its 52-week low of $27.04.

According to TipRanks.com, Lampen is currently ranked with 0 stars on a 0-5 stars ranking scale, with an average return of -28.0% and a 22.5% success rate. Lampen covers the Technology sector, focusing on stocks such as Playtika Holding, Unity Software, and ironSource.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for AppLovin with a $69.08 average price target, implying a 92.4% upside from current levels. In a report issued on June 30, KeyBanc also initiated coverage with a Buy rating on the stock with a $55.00 price target.

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