Palo Alto Networks (NASDAQ:PANW) Given New $375.00 Price Target at Truist Financial

Key Points

• Truist Financial raised its price target on Palo Alto Networks from $275 to $375 and kept a buy rating, implying about 26% upside from the prior close.
• The company posted a strong quarterly beat, with EPS of $0.85 versus $0.79 expected and revenue of $3.0 billion versus $2.94 billion expected, while revenue jumped 31.1% year over year.
• Palo Alto Networks also lifted its FY2026 and Q4 guidance above Wall Street forecasts, and analysts broadly remain constructive with a consensus rating of Moderate Buy.

Palo Alto Networks (NASDAQ:PANW - Get Free Report) had its price target lifted by equities research analysts at Truist Financial from $275.00 to $375.00 in a research note issued on Wednesday,MarketScreener reports. The brokerage presently has a "buy" rating on the network technology company's stock. Truist Financial's price objective indicates a potential upside of 26.19% from the company's previous close.

Other analysts have also issued research reports about the company. TD Cowen reaffirmed a "buy" rating on shares of Palo Alto Networks in a research note on Wednesday. Weiss Ratings reissued a "hold (c)" rating on shares of Palo Alto Networks in a research report on Friday, May 22nd. Guggenheim lowered shares of Palo Alto Networks from a "neutral" rating to a "reduce" rating in a report on Wednesday, May 27th. UBS Group set a $300.00 target price on shares of Palo Alto Networks in a research note on Wednesday. Finally, Berenberg Bank set a $290.00 price target on shares of Palo Alto Networks in a research report on Wednesday, May 27th. One investment analyst has rated the stock with a Strong Buy rating, thirty-six have given a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $283.02.

Palo Alto Networks Trading Down 1.1%

Palo Alto Networks stock opened at $297.18 on Wednesday. The firm has a market cap of $242.50 billion, a P/E ratio of 164.19, a P/E/G ratio of 10.83 and a beta of 0.94. Palo Alto Networks has a 1-year low of $139.57 and a 1-year high of $302.95. The firm has a 50-day moving average of $195.20 and a 200-day moving average of $184.31.

Palo Alto Networks (NASDAQ:PANW - Get Free Report) last released its quarterly earnings results on Tuesday, June 2nd. The network technology company reported $0.85 EPS for the quarter, beating analysts' consensus estimates of $0.79 by $0.06. Palo Alto Networks had a return on equity of 17.60% and a net margin of 12.96%.The business had revenue of $3 billion during the quarter, compared to analyst estimates of $2.94 billion. During the same quarter in the prior year, the company posted $0.37 EPS. Palo Alto Networks's quarterly revenue was up 31.1% compared to the same quarter last year. Palo Alto Networks has set its FY 2026 guidance at 3.770-3.790 EPS and its Q4 2026 guidance at 0.960-0.980 EPS. Research analysts forecast that Palo Alto Networks will post 2.14 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Palo Alto Networks news, CEO Nikesh Arora bought 68,085 shares of the firm's stock in a transaction on Friday, March 27th. The stock was acquired at an average price of $146.87 per share, with a total value of $9,999,643.95. Following the completion of the purchase, the chief executive officer owned 343,394 shares of the company's stock, valued at approximately $50,434,276.78. This trade represents a 24.73% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Lee Klarich sold 62,904 shares of Palo Alto Networks stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $258.65, for a total transaction of $16,270,119.60. Following the transaction, the executive vice president owned 235,983 shares of the company's stock, valued at $61,037,002.95. The trade was a 21.05% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 94,760 shares of company stock valued at $21,660,063. Insiders own 1.40% of the company's stock.

Institutional Investors Weigh In On Palo Alto Networks

Institutional investors have recently modified their holdings of the stock. Westfield Capital Management Co. LP purchased a new stake in shares of Palo Alto Networks during the third quarter valued at approximately $75,412,000. American Century Companies Inc. raised its holdings in Palo Alto Networks by 134.1% in the 3rd quarter. American Century Companies Inc. now owns 672,129 shares of the network technology company's stock worth $136,859,000 after acquiring an additional 384,985 shares during the last quarter. US Bancorp DE lifted its position in Palo Alto Networks by 0.6% in the 3rd quarter. US Bancorp DE now owns 1,364,442 shares of the network technology company's stock valued at $277,828,000 after acquiring an additional 8,344 shares in the last quarter. Peapack Gladstone Financial Corp lifted its position in Palo Alto Networks by 8.8% in the 4th quarter. Peapack Gladstone Financial Corp now owns 48,458 shares of the network technology company's stock valued at $8,926,000 after acquiring an additional 3,926 shares in the last quarter. Finally, Generali Investments Management Co LLC boosted its stake in Palo Alto Networks by 38.4% during the 3rd quarter. Generali Investments Management Co LLC now owns 54,401 shares of the network technology company's stock valued at $11,077,000 after purchasing an additional 15,091 shares during the last quarter. 79.82% of the stock is owned by hedge funds and other institutional investors.

Palo Alto Networks News Roundup

Here are the key news stories impacting Palo Alto Networks this week:

• Positive Sentiment: Palo Alto Networks delivered a solid earnings beat, reporting EPS of $0.85 versus $0.79 expected on revenue of $3.0 billion versus $2.94 billion expected, with sales up 31.1% year over year. Article Title
• Positive Sentiment: Management lifted FY2026 and Q4 guidance above Wall Street forecasts, signaling stronger demand and better profitability ahead. Article Title
• Positive Sentiment: CEO Nikesh Arora said AI-related security concerns are driving more customer meetings and broader enterprise interest in Palo Alto’s platform, which supports the bull case for long-term growth. Article Title
• Positive Sentiment: Analysts turned more constructive after the results, with multiple firms raising price targets, including Needham, DA Davidson, Benchmark, BMO Capital, BTIG, Stephens, Loop Capital, and JPMorgan, reflecting improved confidence in PANW’s outlook. Article Title
• Neutral Sentiment: Loop Capital raised its price target to $290 but kept a “hold” rating, which suggests some upside has already been priced in after the stock’s sharp rally. Article Title
• Negative Sentiment: A small insider sale by the chief accounting officer may add a bit of headline pressure, though it is modest relative to the company’s recent strength. Article Title

About Palo Alto Networks

Palo Alto Networks NASDAQ: PANW is a cybersecurity company founded in 2005 and headquartered in Santa Clara, California. The firm develops a broad suite of security products and services designed to prevent successful cyberattacks and protect enterprise networks, clouds, and endpoints. Built around a platform strategy, its offerings target threat prevention, detection, response and governance across hybrid and multi-cloud environments.

The company's product portfolio includes next‑generation firewalls as a core on‑premises capability, alongside cloud‑delivered security services and software for securing public and private clouds.

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