September 2, 2026
Analyst Bio:
Rosenblatt raised its price target on Palo Alto Networks stock (NASDAQ:PANW) to $415 from $355 on Tuesday while maintaining a Buy rating following the company’s fourth-quarter results. The stock has surged 90% over the past year, with shares trading at a market capitalization of $295 billion.
Palo Alto Networks reported revenue of $3.41 billion for the quarter, up 34% year-over-year and above the company’s guidance range of $3.345 billion to $3.355 billion. Non-GAAP earnings per share of $1.02 beat the top of the guidance range by four cents. The stock currently trades at a P/E ratio of 314, and InvestingPro analysis indicates the shares are overvalued relative to its Fair Value estimate.
