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Palo Alto Networks (PANW) Stock Forecast & Price Target

$332.70
+1.81 (+0.55%)
(As of 01:49 PM ET)

Palo Alto Networks - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Based on 42 Wall Street analysts who have issued ratings for Palo Alto Networks in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 42 analysts, 12 have given a hold rating, 29 have given a buy rating, and 1 has given a strong buy rating for PANW.

Consensus Price Target

$325.59
-2.14% Downside
High Forecast$385.00
Average Forecast$325.59
Low Forecast$242.00

According to the 42 analysts' twelve-month price targets for Palo Alto Networks, the average price target is $325.59. The highest price target for PANW is $385.00, while the lowest price target for PANW is $242.00. The average price target represents a forecasted downside of -2.14% from the current price of $332.70.

TypeCurrent Forecast
7/23/23 to 7/22/24
1 Month Ago
6/23/23 to 6/22/24
3 Months Ago
4/24/23 to 4/23/24
1 Year Ago
7/23/22 to 7/23/23
Consensus Rating
Moderate Buy
Moderate Buy
Moderate Buy
Moderate Buy
Strong Buy
1 Strong Buy rating(s)
1 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
29 Buy rating(s)
30 Buy rating(s)
29 Buy rating(s)
37 Buy rating(s)
Hold
12 Hold rating(s)
11 Hold rating(s)
10 Hold rating(s)
4 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$325.59$324.17$314.82$242.22
Forecasted Upside-2.14% Downside9.60% Upside12.56% Upside26.54% Upside
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PANW Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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PANW Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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Palo Alto Networks Stock vs. The Competition

TypePalo Alto NetworksComputer and Technology CompaniesS&P 500
Consensus Rating Score
2.74
2.61
2.51
Consensus RatingModerate BuyModerate BuyModerate Buy
Predicted Upside-1.60% Downside116.73% Upside10.08% Upside
News Sentiment RatingPositive News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
7/18/2024Redburn Atlantic
0 of 5 stars
N. Marques
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DowngradeBuy ➝ Neutral$350.00 ➝ $325.00-2.15%
7/17/2024KeyCorp
4 of 5 stars
 Lower TargetOverweight ➝ Overweight$384.00 ➝ $380.00+15.36%
6/27/2024Robert W. Baird
2 of 5 stars
 Boost TargetOutperform ➝ Outperform$340.00 ➝ $360.00+10.68%
6/21/2024Cantor Fitzgerald
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Y. Lee
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Reiterated RatingOverweight ➝ Overweight$350.00 ➝ $350.00+9.51%
6/21/2024DA Davidson
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R. Kessinger
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Initiated CoverageBuy$380.00+22.17%
6/12/2024Morgan Stanley
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 Reiterated RatingOverweight ➝ Overweight$360.00 ➝ $360.00+13.61%
5/29/2024Daiwa America
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M. Ueno
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UpgradeStrong-Buy
5/29/2024Argus
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J. Bonner
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Boost TargetBuy ➝ Buy$336.00 ➝ $348.00+13.71%
5/29/2024Daiwa Capital Markets
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 Initiated CoverageOutperform$350.00+13.63%
5/22/2024Citigroup
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 Boost TargetBuy ➝ Buy$335.00 ➝ $345.00+11.90%
5/21/2024Macquarie
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 Boost TargetNeutral ➝ Neutral$270.00 ➝ $285.00-10.49%
5/21/2024JMP Securities
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 Reiterated RatingMarket Outperform ➝ Market Outperform$380.00+20.42%
5/21/2024Oppenheimer
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 Reiterated RatingOutperform ➝ Outperform$330.00 ➝ $330.00+5.23%
5/21/2024Royal Bank of Canada
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 Lower TargetOutperform ➝ Outperform$365.00 ➝ $360.00+17.23%
5/21/2024Wedbush
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 Reiterated RatingOutperform ➝ Outperform$375.00+22.11%
5/21/2024Susquehanna
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 Boost TargetPositive ➝ Positive$325.00 ➝ $340.00+5.01%
5/21/2024Sanford C. Bernstein
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 Boost TargetOutperform ➝ Outperform$335.00 ➝ $364.00+12.43%
5/21/2024Needham & Company LLC
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 Reiterated RatingBuy ➝ Buy$345.00+6.56%
5/21/2024BMO Capital Markets
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 Boost TargetOutperform ➝ Outperform$327.00 ➝ $334.00+3.16%
5/16/2024JPMorgan Chase & Co.
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 Boost TargetOverweight ➝ Overweight$330.00 ➝ $340.00+7.69%
5/14/2024Evercore ISI
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 Lower TargetOutperform ➝ Outperform$405.00 ➝ $385.00+27.38%
3/13/2024Stifel Nicolaus
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 Reiterated RatingBuy ➝ Buy$330.00+15.91%
2/21/2024Scotiabank
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 Lower TargetSector Outperform ➝ Sector Outperform$363.00 ➝ $337.00+24.47%
2/21/2024The Goldman Sachs Group
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 Boost TargetBuy ➝ Buy$274.00 ➝ $310.00+14.73%
2/21/2024Barclays
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 Lower TargetOverweight ➝ Overweight$400.00 ➝ $345.00+27.43%
2/21/2024Mizuho
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 Lower TargetBuy ➝ Buy$405.00 ➝ $350.00+29.36%
2/21/2024Northland Securities
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 DowngradeOutperform ➝ Market Perform$275.00-24.88%
2/21/2024Capital One Financial
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 DowngradeOverweight ➝ Equal Weight$302.00-17.51%
2/21/2024Rosenblatt Securities
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 DowngradeBuy ➝ Neutral$290.00 ➝ $265.00-27.61%
2/21/2024Piper Sandler
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 DowngradeOverweight ➝ Neutral$350.00 ➝ $300.00-18.05%
2/21/2024Loop Capital
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 DowngradeBuy ➝ Hold$300.00-18.05%
2/20/2024Truist Financial
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 Boost TargetBuy ➝ Buy$330.00 ➝ $385.00+6.15%
1/29/2024Westpark Capital
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 Reiterated RatingBuy ➝ Hold
12/18/2023Raymond James
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 DowngradeOutperform ➝ Market Perform
11/16/2023Bank of America
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 DowngradeBuy ➝ Neutral$290.00 ➝ $265.00+11.13%
11/16/2023Wells Fargo & Company
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 Boost TargetOverweight ➝ Overweight$270.00 ➝ $280.00+18.29%
10/18/2023DZ Bank
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 Initiated CoverageBuy$310.00+18.44%
9/29/2023HSBC
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 Initiated CoverageHold$242.00+2.90%
9/13/2023BTIG Research
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 Boost TargetBuy ➝ Buy$270.00 ➝ $292.00+18.75%
8/21/2023TD Cowen
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 Boost TargetOutperform ➝ Outperform$260.00 ➝ $295.00+24.67%
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8/21/2023UBS Group
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 Boost TargetNeutral ➝ Neutral$220.00 ➝ $260.00+23.99%
8/21/2023Deutsche Bank Aktiengesellschaft
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 Boost TargetBuy ➝ Buy$225.00 ➝ $270.00+28.76%
6/8/202358.com
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 Reiterated RatingMaintains
5/24/2023Wolfe Research
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 Boost TargetOutperform$210.00 ➝ $225.00+10.78%
5/24/2023Credit Suisse Group
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 Boost TargetOutperform$235.00 ➝ $260.00+37.03%
5/18/2023Jefferies Financial Group
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 Boost Target$215.00 ➝ $230.00+20.09%
2/22/2023Roth Mkm
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 Boost TargetBuy$220.00 ➝ $230.00+22.58%
2/21/2023Roth Capital
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C. Trebnick
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Reiterated RatingBuy$220.00 ➝ $230.00+37.82%
1/17/2023Guggenheim
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 DowngradeBuy ➝ Neutral
12/1/2022Redburn Partners
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 Initiated CoverageBuy$270.00+58.92%
11/18/2022Cowen
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 Reiterated RatingBuy$207.00+23.77%
11/15/2022MKM Partners
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Catharine Trebnick
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Lower TargetBuy ➝ Buy$250.00 ➝ $220.00+36.03%
10/7/2022Sumitomo Mitsui Financial Group
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 Initiated CoverageOutperform$230.00+31.62%
9/2/2022Atlantic Securities
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 Initiated CoverageNeutral$165.00-9.20%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Monday at 02:24 PM ET.

PANW Forecast - Frequently Asked Questions

What is Palo Alto Networks' forecast for 2024?

According to the research reports of 42 Wall Street equities research analysts, the average twelve-month stock price forecast for Palo Alto Networks is $325.59, with a high forecast of $385.00 and a low forecast of $242.00.

Should I buy or sell Palo Alto Networks stock right now?

42 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Palo Alto Networks in the last twelve months. There are currently 12 hold ratings, 29 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" PANW shares.

Does Palo Alto Networks's stock price have much upside?

According to analysts, Palo Alto Networks's stock has a predicted upside of 8.43% based on their 12-month stock forecasts.

Has Palo Alto Networks been upgraded or downgraded by Wall Street analysts recently?

Over the previous 90 days, Palo Alto Networks's stock had 1 upgrade and 1 downgrade by analysts.

Do Wall Street analysts like Palo Alto Networks more than its competitors?

Analysts like Palo Alto Networks more than other "computer and technology" companies. The consensus rating score for Palo Alto Networks is 2.74 while the average consensus rating score for "computer and technology" companies is 2.61. Learn more on how PANW compares to other companies.


This page (NASDAQ:PANW) was last updated on 7/22/2024 by MarketBeat.com Staff

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