{"id":23613,"date":"2023-06-16T16:25:43","date_gmt":"2023-06-16T20:25:43","guid":{"rendered":"https:\/\/ifintechworld.com\/news\/palo-alto-networks-panw-stock-time-to-take-profits\/"},"modified":"2023-06-16T16:25:45","modified_gmt":"2023-06-16T20:25:45","slug":"palo-alto-networks-panw-stock-time-to-take-profits","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=23613","title":{"rendered":"Palo Alto Networks (PANW) Stock: Time To Take Profits"},"content":{"rendered":"
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DISCLAIMER: This note is intended for US recipients only and, in particular, is not directed at, nor intended to be relied upon by any UK recipients. Any information or analysis in this note is not an offer to sell or the solicitation of an offer to buy any securities. Nothing in this note is intended to be investment advice and nor should it be relied upon to make investment decisions. Cestrian Capital Research, Inc., its employees, agents or affiliates, including the author of this note, or related persons, may have a position in any stocks, security, or financial instrument referenced in this note. Any opinions, analyses, or probabilities expressed in this note are those of the author as of the note’s date of publication and are subject to change without notice. Companies referenced in this note or their employees or affiliates may be customers of Cestrian Capital Research, Inc. Cestrian Capital Research, Inc. values both its independence and transparency and does not believe that this presents a material potential conflict of interest or impacts the content of its research or publications.<\/span><\/span><\/em><\/p>\n

The Bear-Defying Tech Stock That Everyone Forgot To Pile Into<\/h2>\n

What was the best way to beat the 2022 bear? Be long energy? Sure. Short the Nasdaq? Absolutely. But what if you were a long-only tech-focused investor, and you didn’t like to abandon your happy place – you were toast, right? Well, that depends on whether you had the foresight to rotate your money into the lowest beta high beta stock on the Street, being Palo Alto Networks (NASDAQ:PANW<\/span>).<\/p>\n

We wrote up the company’s Q1 of FY7\/23 back in November and rated the name at Accumulate (or ‘Buy’ if you prefer the one-and-done method!) – the stock was at $156 at the time. You can open that note at this link.<\/p>\n

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Cestrian Nov-22 PANW Note (Seeking Alpha)<\/p>\n<\/figcaption><\/figure>\n<\/p>\n

This was a righteous call, as it turned out.<\/p>\n

With the stock very close to our $250 price target, we now revisit the fundamentals and the technical story.<\/p>\n

Numbers<\/h2>\n

This company should be taught in business school as What Great Looks Like. Just look at the combination of these factors:<\/p>\n