Analysts Bullish on Palo Alto (PANW) as ARR Target of $15B by 2030 Remains on Track

Palo Alto Networks, Inc. (NASDAQ:PANW) ranks among the best software stocks to buy right now. In light of Palo Alto Networks, Inc. (NASDAQ:PANW)’s fourth-quarter fiscal performance, TD Cowen reaffirmed its Buy rating on the company on August 19 with a $230 price target. According to TD Cowen, the macroeconomic climate appears to be favorable for the cybersecurity company.

The firm emphasized that management is on track to meet its $15 billion annual recurring revenue target by fiscal year 2030, thanks to solid execution and rising platform metrics. Solid fundamentals were also cited as bolstering a more optimistic view for fiscal year 2026.

Palo Alto Networks, Inc. (NASDAQ:PANW)’s acquisition of CyberArk has also garnered strong feedback from TD Cowen, which noted that the combined company’s free cash flow margin is anticipated to surpass 40% in fiscal year 2028.

Palo Alto Networks, Inc. (NASDAQ:PANW) is a leading cybersecurity company that provides a variety of products such as firewalls, malware protection, and cloud security.

While we acknowledge the potential of PANW to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than PANW and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.