AmerX starts Palo Alto Networks stock coverage with Hold

Published on 10/09/2026 at 15:49 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Palo Alto Networks stock costs EUR 359.53 on October 9, 2026 versus EUR 356.10. TD Cowen raised its target to USD 440 from USD 400.

Key points in brief

AmerX initiated Palo Alto Networks coverage with a Hold rating on October 8, 2026.
TD Cowen raised its price target from USD 400.00 to USD 440.00 on October 2, 2026.
Fiscal fourth-quarter revenue rose 34.00 percent to USD 3.41 billion, while NGS ARR climbed 63.00 percent to USD 9.10 billion.
The Lang & Schwarz price was EUR 359.53 on October 9, 2026, up 0.96 percent versus the EUR 356.10 prior close.

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Palo Alto Networks (ISIN US6974351057) was trading at EUR 359.53 at Lang & Schwarz on October 9, 2026 at 3:39 p.m. CEST, up 0.96 percent versus the prior close of EUR 356.10. On October 8, 2026, Investing.com reported that AmerX initiated coverage with a Hold rating. The assessment puts the latest growth figures alongside a more cautious view of acquisition-led expansion.

Three milestones shape the setup

On September 1, 2026, Palo Alto Networks reported fiscal fourth-quarter revenue of USD 3.41 billion, up 34.00 percent year over year, while Next-Generation Security ARR reached USD 9.10 billion, up 63.00 percent. Last10K.com published the companys fiscal 2026 earnings release and identified the reporting period as ending July 31, 2026.

On October 2, 2026, Investing.com reported that TD Cowen raised its price target from USD 400.00 to USD 440.00 while maintaining a Buy rating. On October 8, AmerX then began coverage with Hold and no price target, creating a sharper contrast between growth expectations and valuation discipline.

What does the guidance imply?

Management guided for fiscal first-quarter 2027 revenue of USD 3.30 billion to USD 3.31 billion, representing growth of 33.00 percent to 34.00 percent year over year. Fiscal-year 2027 revenue guidance stands at USD 14.10 billion to USD 14.20 billion, with non-GAAP operating margin guidance of 29.50 percent, according to the fiscal 2026 release published by Last10K.com.

The operating picture is mixed beneath the headline growth. Fiscal fourth-quarter GAAP operating income was USD 172.00 million, down from USD 497.00 million in the year-earlier quarter, while non-GAAP operating income increased to USD 1.00 billion from USD 768.00 million. That difference explains why the rating debate centers on the quality and durability of growth rather than revenue alone.

Price and scheduled results date

Palo Alto Networks had a market capitalization of USD 330.5 billion and a 52-week range of USD 139.57 to USD 432.33 as of October 9, 2026. The stock was therefore USD 26.77 below its 52-week high, while TD Cowens USD 440.00 target remained above the separate Nasdaq quote currency used by US investors.

Investing.com lists November 12, 2026 as the next earnings date, with fiscal first-quarter revenue consensus of USD 3.31 billion. The date gives the Hold-versus-Buy debate its next scheduled test.

Stock holds near its yearly high

Palo Alto Networks was trading at EUR 359.53 at Lang & Schwarz on October 9, 2026 at 3:39 p.m. CEST, plus 0.96 percent versus the Lang & Schwarz prior close of EUR 356.10 on October 8, 2026. The Nasdaq reference quote was USD 405.56 at 9:49 a.m. ET on October 9, 2026, with the two values shown separately because they use different venues and currencies. The further course of trading is shown by the continuously updated real-time quote of Palo Alto Networks stock.