Palo Alto Networks, Inc. (PANW) stock drew brisk retail chatter on Stocktwits, as platform users expressed optimism about cybersecurity vendors' prospects.
Palo Alto stock ended Tuesday’s session up nearly 2% at $202.05, as it reclaimed the $200 level for the first time since June 6.
The surge came after a Bloomberg report, citing the state-run Islamic Republic of Iran Broadcasting, said that Israel launched a cyberattack against Iran with the aim of disrupting services.
The message volume change for the Palo Alto stock over 24 hours until late Tuesday was 1,600%, as the stock bucked the broader market downtrend during the trading session. This marked a pick-up from the 140% change over the past seven sessions.
A bullish watcher said, “cloud security [is] back in focus.
Another user noted a strong breakout on Tuesday, adding that they had alerted about a long entry opportunity last week.
A third user braced for a “new all-time high.” The stock’s previous intraday high was $208.39, reached on Feb. 19, while its all-time closing high of $208.28 came a session earlier.
A user who was convinced of the stock’s long-term potential hoped for a pullback so that they could load more shares.
On Stocktwits, retail sentiment toward Palo Alto stock was ‘bearish’ (42/100) by early Wednesday, holding steady since last month.
Palo Alto stock moved up 0.21% in Wednesday’s early premarket session. The stock is up 11% this year.
The Koyfin-compiled average analysts’ price target for Palo Alto stock is $211.58, implying nearly 5% upside potential.
For updates and corrections, email newsroom[at]stocktwits[dot]com.
Read Next: Microsoft-AMD To Partner For ‘State-Of-The-Art’ Gaming Chip To Power Next-Gen Xbox