I've posted about $PANW before but the bull signals keep coming. PANW has had about 17 acquisitions, with 14 of those in the past few years. However, they have had none for this quarter, and earnings release Nov 15. I think PANW is about to post the huge benefits of acquiring these competitors / ancillary companies.

PANW last released earnings Aug 22. The next day, it closed at $372. The day after that, it closed at $441. A month later on Sept 23, it closed at $483. About a month after that on Oct 18, the stock closed at $515. There is still just under a month before the Nov 15 earnings report. I am betting PANW breaks $600 before then, and $700 by year end.

In addition to the upward momentum due to the earnings release, PANW recently announced they will be added to the NASDAQ on Oct 25. I anticipate added buying pressure due to the numerous funds adding this stock to their portfolio. The added attention of a NASDAQ listing should also draw more individual investors, after all the NASDAQ is the elite tech index. PANW also expects to be added to the NASDAQ-100 in December. This can only mean even more buying pressure from funds and investors that heavily target the N-100.

Bull case of $600 by Nov 15 earnings, over $700 by year end.