BTIG raises target for Palo Alto Networks stock from USD 404.00 to USD 425.00

Published on 10/07/2026 at 15:47 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Fiscal fourth-quarter revenue hit USD 3.41 billion, up 34.50 percent. Palo Alto Networks stock stood at EUR 372.08 on October 7, 2026 versus EUR 373.15.

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Palo Alto Networks (ISIN US6974351057) stood at EUR 372.08 at Lang & Schwarz on October 7, 2026 at 3:36 p.m. CEST, down 0.29 percent versus the prior close of EUR 373.15. According to CNBC on October 4, 2026, BTIG analyst Gray Powell reiterated a Buy rating and raised the price target from USD 404.00 to USD 425.00.

BTIG sees faster fiscal 2027 growth

Powell expects pro forma revenue growth of more than 17.00 percent in fiscal 2027, compared with a consensus estimate of 14.60 percent, according to CNBC. He also expects Next-Generation Security annual recurring revenue growth of more than 26.00 percent, above the Street expectation of 24.50 percent.

Revenue growth sets a high bar

Last10K reported that Palo Alto Networks generated USD 3.41 billion of revenue in the fiscal fourth quarter of 2026 ended July 31, 2026, up 34.00 percent year over year. Next-Generation Security annual recurring revenue rose 63.00 percent to USD 9.10 billion, while GAAP operating income fell to USD 172.00 million from USD 497.00 million in the year-earlier quarter.

The company guided for fiscal first-quarter 2027 revenue of USD 3.30 billion to USD 3.31 billion, representing year-over-year growth of 33.00 percent to 34.00 percent. Its fiscal 2027 revenue outlook stands at USD 14.10 billion to USD 14.20 billion, with a non-GAAP operating margin target of 29.50 percent.

Valuation keeps the market demanding

On Nasdaq, Palo Alto Networks was last at USD 411.79 at 9:46 a.m. EDT on October 7, 2026, down 1.93 percent, with a market capitalization of USD 335.6 billion. The same quote carried a 52-week range of USD 139.57 to USD 432.33, placing the stock 4.76 percent below its high.

MarketBeat reported on October 7, 2026 that 38 analysts rated the stock Buy and 12 rated it Hold, producing a consensus target of USD 391.32. That average target was 4.97 percent below the Nasdaq quote of USD 411.79, making execution against the fiscal 2027 outlook central to the valuation.

Euro quote turns slightly lower

At Lang & Schwarz, Palo Alto Networks was trading at EUR 372.08 on October 7, 2026 at 3:36 p.m. CEST, minus 0.29 percent versus the EUR 373.15 prior close dated October 6, 2026. The further course of trading is shown by the continuously updated real-time quote of Palo Alto Networks stock.