Three major stocks are making waves in today's market: WBA plummets after slashing its profit outlook, MU drops despite beating earnings expectations, and PANW rises on positive analyst sentiment.
Micron Technology shares dropped 6.76% to $132.73 by late morning trading, despite reporting better-than-expected quarterly results. However, some analysts suggest the stock may be overvalued in the short term, with an estimated fair value of $97.84, significantly below its current trading price. Despite the pullback, the average analyst price target stands at $153.08, indicating potential upside.Bucking the downward trend, Palo Alto Networks saw its stock rise 5.28% to $342.42 by late morning. The cybersecurity firm continues to benefit from bullish analyst sentiment, with both Robert W.
Palo Alto Networks boasts impressive growth metrics, with a year-to-date return of 16.12% and a one-year return of 40.45%, outpacing the broader market. The company’s focus on high-quality, sustainable customer relationships and positive response to new AI features have contributed to its strong performance in the rapidly growing cybersecurity sector.
Italia Ultime Notizie, Italia Notizie
Similar News:Puoi anche leggere notizie simili a questa che abbiamo raccolto da altre fonti di notizie.
Asian stocks fall as Micron sparks tech losses, China data weighsAsian stocks fall as Micron sparks tech losses, China data weighs
Leggi di più »
European stocks muted; Micron hits sentiment ahead of key US inflation releaseEuropean stocks muted; Micron hits sentiment ahead of key US inflation release
Leggi di più »
Stocks making the biggest moves premarket: Rivian, FedEx, Whirlpool, Nvidia, Micron and moreThese are the stocks posting the largest moves in premarket trading.
Leggi di più »
Stocks making the biggest moves premarket: Walgreens, Levi Strauss, Micron and moreThese are the stocks posting the largest moves in premarket trading.
Leggi di più »
These 3 Clinical-Stage Biotech Stocks Can Offer Exponential GainsStocks Analysis by The Tokenist (Timothy Fries) covering: Pfizer Inc, Ocuphire Pharma Inc, Rocket Pharmaceuticals Inc, Arvinas Inc. Read The Tokenist (Timothy Fries)'s latest article on Investing.com
Leggi di più »