Wedbush Raises its Price Target on Palo Alto Networks (PANW)

Palo Alto Networks, Inc. (NASDAQ:PANW) is one of the 10 Best Debt-Free S&P 500 Stocks to Buy Now.

On May 27, 2026, Wedbush raised the firm’s price target on Palo Alto Networks, Inc. (NASDAQ:PANW) to $300 from $225 and maintained an Outperform rating on the shares. Wedbush cited increased confidence in the company’s platformization story and the “strong reception” of the CyberArk acquisition. The firm also said Palo Alto’s “accelerating cross-sell momentum” is being underestimated by the Street and that recent field checks support its view that AI will be the biggest growth catalyst for cybersecurity in the past 20 years.

On the same day, Benchmark raised the firm’s price target on Palo Alto Networks, Inc. (NASDAQ:PANW) to $270 from $200 and maintained a Buy rating on the shares ahead of the company’s fiscal Q3 report due after the market close on Tuesday, June 2. Benchmark said Palo Alto is “highly likely to modestly top” Q3 consensus expectations across next-generation security annual recurring revenue, total revenue, operating income, margin, and free cash flow margin.

Berenberg analyst Rahul Chopra also raised the firm’s price target on Palo Alto Networks, Inc. (NASDAQ:PANW) to $290 from $215 and maintained a Buy rating, saying cybersecurity stocks have rallied strongly since the end of April as market sentiment has “inflected sharply.” Berenberg said Palo Alto “screens as a quality compounder” and is well positioned to capture wallet share from rising AI security budgets and benefit from vendor consolidation.

Palo Alto Networks, Inc. (NASDAQ:PANW) provides cybersecurity solutions across the Americas, Europe, the Middle East, Africa, the Asia Pacific, and Japan.

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