BTIG raises target for Palo Alto Networks stock to USD 425.00

Published on 10/05/2026 at 09:35 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Palo Alto Networks posted USD 3.41 billion revenue in fiscal fourth quarter 2026. Palo Alto Networks stock costs EUR 358.33 on October 5, 2026 after EUR 356.90.

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Palo Alto Networks stock (ISIN US6974351057) was at EUR 358.33 at Lang & Schwarz on October 5, 2026 at 9:31 a.m. CEST, up 0.40 percent versus the prior close of EUR 356.90. On October 4, 2026, BTIG analyst Gray Powell reiterated a Buy rating and raised his target from USD 404.00 to USD 425.00, as CNBC reported.

BTIG sees stronger growth

Powell's revised target reflects his view that Palo Alto Networks can outperform current fiscal 2027 expectations. The CNBC report said Powell expects pro forma revenue growth above 17.00 percent, compared with a consensus estimate of 14.60 percent, while next-generation security annual recurring revenue growth could exceed 26.00 percent versus 24.50 percent consensus.

The target increase matters because the valuation case now depends on growth across more than the traditional firewall business. Powell identified Prisma SASE, software firewalls, Cortex XSIAM, Chronosphere and Idira as major growth areas, with newer platforms broadening the company's revenue mix.

Fiscal fourth-quarter figures reset the base

For the fiscal fourth quarter ended July 31, 2026, total revenue reached USD 3.41 billion, up 34.00 percent year over year, while next-generation security annual recurring revenue reached USD 9.10 billion, up 63.00 percent. Those figures were reported in the earnings-call material published by The Globe and Mail.

Management guided fiscal 2027 revenue to USD 14.10 billion to USD 14.20 billion, representing growth of 23.00 percent to 24.00 percent. The same outlook called for non-GAAP operating margin of 29.50 percent and non-GAAP earnings per share of USD 4.16 to USD 4.19.

Stock remains below its yearly high

Palo Alto Networks is listed on Nasdaq under PANW. Its USD 52-week range was USD 139.57 to USD 409.50 as of October 2, 2026, while market capitalization stood at USD 328.6 billion. The Lang & Schwarz euro quote therefore sits below the latest documented Nasdaq high, but the daily move remains neutral at 0.40 percent.

The further course of trading is shown by the continuously updated real-time quote of Palo Alto Networks stock.