Palo Alto Networks (NASDAQ:PANW) Price Target Raised to $340.00 at Wedbush

Palo Alto Networks (NASDAQ:PANW) had its price objective raised by Wedbush from $300.00 to $340.00 in a research report report published on Wednesday, Marketbeat reports. The brokerage currently has an outperform rating on the network technology company’s stock.

Several other brokerages also recently commented on PANW. Royal Bank Of Canada upped their target price on Palo Alto Networks from $255.00 to $330.00 and gave the company an “outperform” rating in a report on Wednesday. Weiss Ratings reissued a “hold (c)” rating on shares of Palo Alto Networks in a research report on Friday, May 22nd. UBS Group set a $300.00 price target on Palo Alto Networks and gave the company a “neutral” rating in a research report on Wednesday. Barclays reissued an “overweight” rating and set a $315.00 price target (up from $220.00) on shares of Palo Alto Networks in a research report on Wednesday. Finally, HSBC dropped their price target on Palo Alto Networks from $157.00 to $114.00 in a research report on Thursday, February 19th. One equities research analyst has rated the stock with a Strong Buy rating, thirty-eight have given a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $304.22.

Palo Alto Networks Stock Down 5.6%

Shares of NASDAQ PANW opened at $280.43 on Wednesday. Palo Alto Networks has a 12 month low of $139.57 and a 12 month high of $302.95. The company has a market cap of $228.83 billion, a price-to-earnings ratio of 229.86, a P/E/G ratio of 10.71 and a beta of 0.94. The business has a fifty day simple moving average of $200.21 and a 200-day simple moving average of $185.46.

Palo Alto Networks (NASDAQ:PANW) last announced its earnings results on Tuesday, June 2nd. The network technology company reported $0.85 EPS for the quarter, beating the consensus estimate of $0.80 by $0.05. Palo Alto Networks had a return on equity of 16.34% and a net margin of 7.95%.The business had revenue of $3 billion during the quarter, compared to the consensus estimate of $2.94 billion. During the same period in the prior year, the business posted $0.37 earnings per share. Palo Alto Networks’s 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. As a group, sell-side analysts expect that Palo Alto Networks will post 2.14 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director James J. Goetz sold 22,684 shares of the firm’s stock in a transaction that occurred on Friday, March 6th. The stock was sold at an average price of $164.41, for a total value of $3,729,476.44. Following the transaction, the director directly owned 52,500 shares of the company’s stock, valued at approximately $8,631,525. This trade represents a 30.17% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Lee Klarich sold 62,904 shares of the firm’s stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $258.65, for a total value of $16,270,119.60. Following the completion of the transaction, the executive vice president directly owned 235,983 shares in the company, 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. Insiders sold 94,760 shares of company stock worth $21,660,063 in the last three months. 1.40% of the stock is owned by insiders.

Institutional Trading of Palo Alto Networks

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PANW. Darwin Wealth Management LLC acquired a new stake in Palo Alto Networks in the 2nd quarter valued at approximately $25,000. Steph & Co. grew its holdings in shares of Palo Alto Networks by 88.2% during the 4th quarter. Steph & Co. now owns 143 shares of the network technology company’s stock worth $26,000 after purchasing an additional 67 shares in the last quarter. Knuff & Co LLC acquired a new stake in shares of Palo Alto Networks during the 4th quarter worth approximately $26,000. Sittner & Nelson LLC grew its holdings in shares of Palo Alto Networks by 73.8% during the 4th quarter. Sittner & Nelson LLC now owns 146 shares of the network technology company’s stock worth $27,000 after purchasing an additional 62 shares in the last quarter. Finally, Luken Investment Analytics LLC grew its holdings in shares of Palo Alto Networks by 196.2% during the 4th quarter. Luken Investment Analytics LLC now owns 154 shares of the network technology company’s stock worth $28,000 after purchasing an additional 102 shares in the last quarter. Institutional investors and hedge funds own 79.82% of the company’s stock.

Key Headlines Impacting Palo Alto Networks

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

• Positive Sentiment: Palo Alto Networks reported fiscal Q3 earnings and revenue above expectations, with EPS of $0.85 versus $0.79-$0.81 estimated and revenue of $3.0 billion versus $2.94 billion expected, while sales rose 31.1% year over year. Article Title
• Positive Sentiment: The company raised FY2026 and Q4 guidance well above Wall Street estimates, signaling stronger demand and improving profitability outlooks. Article Title
• Positive Sentiment: CEO Nikesh Arora said AI-related security concerns are driving a surge in customer engagement and meeting requests, reinforcing the long-term growth narrative for PANW. Article Title
• Positive Sentiment: Citigroup, Wedbush, BNP Paribas Exane, Stifel, Berenberg, Truist, Morgan Stanley, Deutsche Bank, RBC, Oppenheimer, and others raised price targets, with several also reiterating buy or outperform ratings, adding momentum to the stock. Article Title
• Neutral Sentiment: One insider filing showed CAO Josh D. Paul sold 1,100 shares, which is minor versus the company’s overall market value but may slightly weigh on sentiment. Article Title
• Negative Sentiment: Despite the earnings beat, some coverage noted the stock slipped intraday as investors focused on acquisition-driven growth and broader market pressure rather than the strong fundamentals. 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.