2024

Delta

Gains

<div class="textg" style="text-align: justify; font-weight: lighter; line-height: 1.3em; font-size: 15px; border-radius: 3px; color: #80909a; padding: 10px; background-color: #F4F6F9; margin-bottom: 15px;">
 Neither the author, Tim Fries, nor this website, The Tokenist, provide financial advice. Please consult our&nbsp;<a href="https://tokenist.com/terms-of-service/" style="text-decoration:underline;color:#3c7b7b" target="_blank" rel="noopener noreferrer nofollow" class="deco-link">website policy</a>&nbsp;prior to making financial decisions.
</div>
<p class="has-drop-cap">Three notable technology companies saw significant developments that impacted their stock prices in a day of mixed market performance. Analysts gave Palo Alto Networks (NASDAQ: PANW) a new price target, FactSet (NYSE: FDS) reported strong earnings and raised guidance, and Texas Instruments (NASDAQ: TXN) announced a strategic collaboration in the electric vehicle sector.</p>
<h3 id="palo-alto-networks-gains-on-new-coverage">Palo Alto Networks Gains on New Coverage</h3>
<p>Shares of Palo Alto Networks (NASDAQ: PANW) rose 2.84% to $319.88 after DA Davidson <a href="https://www.streetinsider.com/Analyst+Comments/DA+Davidson+Starts+Palo+Alto+Networks+%28PANW%29+at+Buy/23379890.html" target="_blank" aria-label="initiated coverage with a Buy rating (opens in a new tab)" rel="noopener noreferrer nofollow" class="deco-link">initiated coverage with a Buy rating</a> and a price target of $380.<br><br>The cybersecurity firm was added to DA Davidson’s Best-of-Breed Bison initiative, highlighting its significant potential in the expanding <a href="https://tokenist.com/cybersecurity-stocks-tumble-as-palo-alto-networks-panw-revises-guidance-downward/" rel="noopener noreferrer nofollow" class="deco-link">cybersecurity market</a>. Analysts noted Palo Alto Networks’ three platforms offer unmatched vendor consolidation, with the company currently holding approximately 7% of the total addressable market, which is nearing $200 billion.<br><br>The stock has shown impressive growth, with a year-to-date return of 8.47% and a three-year return of 158.16%.</p>
<div class="cta-referral"><img src="https://tokenist.com/wp-content/themes/thetokenist/assets/img/del/cta-referral-1.png" alt="" class="cta-referral__img" loading="lazy" decoding="async">
 <div class="cta-referral__text">
  <p>Join our&nbsp;<a href="https://t.me/thetokenist" target="_blank" rel="noopener noreferrer nofollow" class="deco-link">Telegram group&nbsp;and never miss a breaking story.</a></p>
 </div>
</div>
<h3 id="factset-surges-on-earnings-beat-and-raised-outlook">FactSet Surges on Earnings Beat and Raised Outlook</h3>
<p>FactSet Research Systems (NYSE: FDS) saw its stock climb 3.64% to $423.20 following <a href="https://finance.yahoo.com/news/factset-research-fds-surpasses-q3-121002833.html" target="_blank" aria-label="strong fiscal 2024 third-quarter results (opens in a new tab)" rel="noopener noreferrer nofollow" class="deco-link">strong fiscal 2024 third-quarter results</a>. The financial data and analytics company reported adjusted earnings per share of $4.37, surpassing analysts’ estimates of $3.90. Revenue rose 4.3% year-over-year to $552.7 million, with organic revenue up 4.5%.<br><br>FactSet raised its full-year adjusted <a href="https://tokenist.com/investing/how-to-value-a-stock/" rel="noopener noreferrer nofollow" class="deco-link">EPS</a> outlook to $16.00-$16.40 from $15.60-$16.00, although it slightly lowered its revenue guidance. The company’s performance reflects its robust position in the financial services sector, with a three-year return of 33.52% and a five-year return of 47.11%.</p>
<h3 id="texas-instruments-partners-for-ev-innovation">Texas Instruments Partners for EV Innovation</h3>
<p>Texas Instruments (NASDAQ: TXN) shares increased 2.00% to $196.61 following the <a href="https://news.ti.com/2024-06-21-Texas-Instruments-and-Delta-Electronics-announce-collaboration-to-advance-electric-vehicle-onboard-charging" target="_blank" aria-label="announcement (opens in a new tab)" rel="noopener noreferrer nofollow" class="deco-link">announcement</a> of a long-term collaboration with Delta Electronics to advance electric vehicle onboard charging and power solutions.<br><br>The partnership will establish a joint innovation laboratory in Pingzhen, Taiwan, aiming to optimize power density, performance, and size for EVs. The collaboration leverages Texas Instruments’ semiconductor expertise and Delta’s power management experience, with a goal to reduce charger size by 30% while achieving up to 95% power conversion efficiency.<br><br>This strategic move aligns with the growing demand for electric vehicle technologies, reflected in the stock’s year-to-date return of 16.25% and five-year return of 99.11%.</p> <iframe src="https://tokenist.substack.com/embed" width="100%" height="320" style="border:1px solid #EEE; background:white;" frameborder="0" scrolling="no"></iframe>
<p><em>Disclaimer: The author does not hold or have a position in any securities discussed in the article.</em></p>
<h3 id="br"><br></h3>
<p>The post <a rel="noopener noreferrer nofollow" href="https://tokenist.com/stocks-to-watch-today-panw-factset-research-and-txn/">Stocks to Watch Today: PANW, FactSet Research, and TXN</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://tokenist.com">Tokenist</a>.</p>

Stocks to Watch Today: PANW, FactSet Research, and TXN

Table of Contents

Tokenist

Other articles published on Jun 21, 2024

What is Driving XRP’s Market Trends?

Bitcoin at risk as key on-chain metric signals correction – What now?

How secure are crypto casinos?

Players Collect Resources and Hunt Creatures in Pixels Game

Fidelity Discloses $4.7M Ether ETF Investment in Amended SEC Filing

BlackRock’s Crypto Fund Attracts $460 Million in Institutional Capital

Join our free newsletter for daily crypto updates!