BTIG Raised PT on Palo Alto (PANW), Here’s Why

Palo Alto Networks, Inc. (NASDAQ:PANW) is among the Best Software Stocks to Buy in 2026. Recently, on July 1, BTIG raised the price target on Palo Alto Networks, Inc. (NASDAQ:PANW) from $333 to $380, while maintaining a Buy rating on the shares. Moreover, the firm also maintained the stock among its top picks across its entire coverage.

​The rating comes after the stock has posted impressive 24.6% gains over the past month, driven by strong fiscal Q3 2026 earnings. BTIG noted that the firm’s industry checks suggest improving momentum across the company’s cybersecurity platform, with stronger deal sizes and growing cross-sell benefits. The firm noted that this momentum is driven by the company’s portfolio, which spans network security, cloud, endpoint, SIEM, observability, and identity.

The firm expects Palo Alto Networks, Inc. (NASDAQ:PANW) to sustain mid-teens growth with key drivers including continued expansion of the company’s platform and push into high-growth security markets like SIEM and identity.

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.

READ NEXT:  10 Good Stocks to Invest in Now and 10 Most Undervalued US Stocks According to Hedge Funds. 

Disclosure: None. Follow Insider Monkey on Google News.