Analyst Keith Bachman from BMO Capital maintained a Buy rating on Palo Alto Networks and increased the price target to $225.00 from $217.00.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Keith Bachman has given his Buy rating due to a combination of factors including Palo Alto Networks’ strong financial performance and growth prospects. The company reported a solid fiscal year 2026 NGS ARR growth guide of 26-27% year-over-year, along with impressive pro forma fiscal year 2028 free cash flow margins of 40%, which surpassed expectations.
Additionally, the company’s robust NGS ARR growth, which exceeded consensus estimates, and the broad-based momentum across its NGS portfolio, including significant new platform deals, further support the positive outlook. The continued traction of Prisma SASE and the impressive growth of XSIAM, which is now the fastest-growing product in the company’s history, highlight Palo Alto Networks’ ability to capitalize on evolving customer needs and cybersecurity trends. These factors, combined with an attractive valuation relative to growth potential, underpin Bachman’s confidence in the stock’s ability to recover recent losses and justify the raised target price.
In another report released today, Piper Sandler also maintained a Buy rating on the stock with a $225.00 price target.
PANW’s price has also changed moderately for the past six months – from $208.280 to $176.170, which is a -15.42% drop .