Palo Alto Networks stock climbs after a $400 target hike
Published on 08/28/2026 at 16:06 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Palo Alto Networks stock (US6974351057) is trading with a market value above $312 billion after a sharp move tied to fresh analyst commentary and the company's June 2, 2026 quarter. Shares opened at $382.85, the market cap stood at $312.02 billion, and the stock traded between $353.40 and $387.33 on August 27, 2026.
Analysts are still positive
A fresh note lifted the target to $400 from $340 while keeping a Buy rating, and the stock closed at $382.85 on the latest cited session. MarketBeat also showed a consensus rating of Moderate Buy and an average target of $365.87, which leaves the shares above that average target.
The comparison matters for valuation: $382.85 is 4.6 percent above $365.87, and the stock also sits 1.9 percent below the $387.33 high from August 27, 2026. That leaves investors watching whether the post-earnings surge can hold.
June 2 numbers still matter
The latest reported quarter remains the June 2, 2026 period, when revenue reached $3 billion and EPS came in at $0.85, both ahead of estimates. Revenue rose 31.1 percent year over year, and next-generation security ARR reached $8.1 billion, up 60 percent.
Those figures explain why the stock reaction has stayed elevated into late August. The key contrast is simple: a $3 billion quarter and an $8.1 billion ARR base support a larger security platform story than a single headline move on any one day.
Alliance adds a second angle
On August 20, 2026, Palo Alto Networks announced a global strategic alliance with NTT DATA targeting $1 billion in joint business by 2029. The agreement spans six areas, including autonomous SOC, AI governance, identity security, Zero Trust and SASE, resilient cloud, and firewall modernization.
That makes the product angle broader than firewalls alone. The company is trying to sell a platform that connects AI security, managed services, and multi-cloud defense into one operating model.
Platform breadth
The representative product set includes the company's network, cloud, security operations, AI, and identity platforms, which are designed to cover prevention, detection, response, and governance across hybrid environments. The NTT DATA alliance shows how that stack is being packaged for larger enterprise deals.
Stock level
As of August 27, 2026, Palo Alto Networks stock was quoted at $382.85, with a market cap of $312.02 billion and a 52-week trading band that on the cited session ranged from $353.40 to $387.33. The shares remain close to the upper end of that range.
Investor snapshot
Company: Palo Alto Networks, Inc.
ISIN: US6974351057
Ticker: PANW
Exchange: Nasdaq
Price: $382.85 USD
Market cap: $312.02 billion
Sector / Industry: Information Technology / Software - Infrastructure
Index membership: Nasdaq-100
Next earnings date: September 1, 2026
More on Palo Alto Networks stock: the company goes into its September 1, 2026 report with revenue of $3 billion in the latest quarter, EPS of $0.85, and next-generation security ARR of $8.1 billion.
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Palo Alto Networks stock chart
