William Blair analyst Jonathan Ho has maintained their bullish stance on PANW stock, giving a Buy rating today.
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Jonathan Ho has given his Buy rating due to a combination of factors that highlight Palo Alto Networks’ strong performance and strategic direction. The company has demonstrated impressive growth in its net new NGS ARR, which increased by 14% year-over-year, driven by its platformization strategy. This approach focuses on delivering enhanced security solutions rather than cost reductions, resulting in significant deals and increased customer adoption.
Moreover, Palo Alto Networks is shifting its firewall offerings towards software-based solutions, aligning with market trends and customer preferences. The company’s guidance for fiscal 2026 is robust, with expectations of substantial growth in NGS ARR, RPO, and total revenue, alongside healthy adjusted free cash flow margins. These factors, combined with new product initiatives and the anticipated benefits from the CyberArk acquisition, support the Buy rating as they position the company for sustained growth and increased market share.
In another report released today, Barclays also maintained a Buy rating on the stock with a $215.00 price target.
Based on the recent corporate insider activity of 110 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of PANW in relation to earlier this year.