Palo Alto Networks (PANW) – Research Analysts’ Recent Ratings Changes

Several analysts have recently updated their ratings and price targets for Palo Alto Networks (NASDAQ: PANW):

• 6/5/2026 – Palo Alto Networks had its price target raised by Argus from $222.00 to $320.00.
• 6/4/2026 – Palo Alto Networks was downgraded by Weiss Ratings from “hold (c)” to “hold (c-)”.
• 6/4/2026 – Palo Alto Networks had its price target raised by HSBC Holdings plc from $114.00 to $207.00.
• 6/3/2026 – Palo Alto Networks had its “buy” rating reaffirmed by The Goldman Sachs Group, Inc.. They now have a $330.00 price target on the stock.
• 6/3/2026 – Palo Alto Networks had its “outperform” rating reaffirmed by FBN Securities. They now have a $330.00 price target on the stock.
• 6/3/2026 – Palo Alto Networks had its “outperform” rating reaffirmed by Wolfe Research. They now have a $320.00 price target on the stock.
• 6/3/2026 – Palo Alto Networks had its “positive” rating reaffirmed by Susquehanna. They now have a $350.00 price target on the stock, up from $200.00.
• 6/3/2026 – Palo Alto Networks was given a new $340.00 price target by Stifel Nicolaus.
• 6/3/2026 – Palo Alto Networks had its “sector outperform” rating reaffirmed by Scotiabank. They now have a $320.00 price target on the stock, up from $180.00.
• 6/3/2026 – Palo Alto Networks had its “overweight” rating reaffirmed by Piper Sandler. They now have a $345.00 price target on the stock, up from $265.00.
• 6/3/2026 – Palo Alto Networks was given a new $320.00 price target by Robert W. Baird.
• 6/3/2026 – Palo Alto Networks was given a new $300.00 price target by UBS Group AG. They now have a “neutral” rating on the stock.
• 6/3/2026 – Palo Alto Networks had its “overweight” rating reaffirmed by Wells Fargo & Company. They now have a $325.00 price target on the stock, up from $285.00.
• 6/3/2026 – Palo Alto Networks was given a new $335.00 price target by Jefferies Financial Group Inc.. They now have a “buy” rating on the stock.
• 6/3/2026 – Palo Alto Networks had its “overweight” rating reaffirmed by Barclays PLC. They now have a $315.00 price target on the stock, up from $220.00.
• 6/3/2026 – Palo Alto Networks had its “outperform” rating reaffirmed by Evercore Inc. They now have a $375.00 price target on the stock.
• 6/3/2026 – Palo Alto Networks was given a new $340.00 price target by Cantor Fitzgerald. They now have an “overweight” rating on the stock.
• 6/3/2026 – Palo Alto Networks had its “market outperform” rating reaffirmed by Citigroup Inc..
• 6/3/2026 – Palo Alto Networks had its “buy” rating reaffirmed by TD Cowen. They now have a $330.00 price target on the stock, up from $255.00.
• 6/3/2026 – Palo Alto Networks was upgraded by FBN Securities from “outperform” to “strong-buy”.
• 6/3/2026 – Palo Alto Networks had its price target raised by Citigroup Inc. from $210.00 to $340.00. They now have a “buy” rating on the stock.
• 6/3/2026 – Palo Alto Networks had its price target raised by Wedbush from $300.00 to $340.00. They now have an “outperform” rating on the stock.
• 6/3/2026 – Palo Alto Networks had its price target raised by BNP Paribas Exane from $220.00 to $330.00. They now have an “outperform” rating on the stock.
• 6/3/2026 – Palo Alto Networks had its price target raised by Sanford C. Bernstein from $209.00 to $253.00. They now have an “outperform” rating on the stock.
• 6/3/2026 – Palo Alto Networks had its price target raised by Mizuho from $265.00 to $305.00. They now have an “outperform” rating on the stock.
• 6/3/2026 – Palo Alto Networks had its price target raised by Stifel Nicolaus from $275.00 to $330.00. They now have a “buy” rating on the stock.
• 6/3/2026 – Palo Alto Networks had its price target raised by Berenberg Bank from $290.00 to $360.00. They now have a “buy” rating on the stock.
• 6/3/2026 – Palo Alto Networks had its price target raised by Truist Financial Corporation from $275.00 to $375.00. They now have a “buy” rating on the stock.
• 6/3/2026 – Palo Alto Networks had its price target raised by Morgan Stanley from $253.00 to $320.00. They now have an “overweight” rating on the stock.
• 6/3/2026 – Palo Alto Networks had its price target raised by Northland Securities from $190.00 to $302.00. They now have a “market perform” rating on the stock.
• 6/3/2026 – Palo Alto Networks had its price target raised by Rosenblatt Securities from $275.00 to $355.00. They now have a “buy” rating on the stock.
• 6/3/2026 – Palo Alto Networks had its price target raised by Deutsche Bank Aktiengesellschaft from $220.00 to $350.00. They now have a “buy” rating on the stock.
• 6/3/2026 – Palo Alto Networks had its price target raised by Royal Bank Of Canada from $255.00 to $330.00. They now have an “outperform” rating on the stock.
• 6/3/2026 – Palo Alto Networks had its price target raised by Oppenheimer Holdings, Inc. from $275.00 to $350.00. They now have an “outperform” rating on the stock.
• 6/3/2026 – Palo Alto Networks had its price target raised by Loop Capital from $160.00 to $290.00. They now have a “hold” rating on the stock.
• 6/3/2026 – Palo Alto Networks had its price target raised by Stephens from $180.00 to $300.00. They now have an “equal weight” rating on the stock.
• 6/3/2026 – Palo Alto Networks had its price target raised by DA Davidson from $190.00 to $345.00. They now have a “buy” rating on the stock.
• 6/3/2026 – Palo Alto Networks had its price target raised by Benchmark Co. from $270.00 to $340.00. They now have a “buy” rating on the stock.
• 6/3/2026 – Palo Alto Networks had its price target raised by BMO Capital Markets from $270.00 to $335.00. They now have an “outperform” rating on the stock.
• 6/3/2026 – Palo Alto Networks had its price target raised by BTIG Research from $268.00 to $333.00. They now have a “buy” rating on the stock.
• 6/3/2026 – Palo Alto Networks had its price target raised by Needham & Company LLC from $200.00 to $350.00. They now have a “buy” rating on the stock.
• 6/1/2026 – Palo Alto Networks had its price target raised by JPMorgan Chase & Co. from $200.00 to $300.00. They now have an “overweight” rating on the stock.
• 6/1/2026 – Palo Alto Networks had its price target raised by Robert W. Baird from $265.00 to $300.00. They now have an “outperform” rating on the stock.
• 5/29/2026 – Palo Alto Networks was given a new $300.00 price target by Jefferies Financial Group Inc.. They now have a “buy” rating on the stock.
• 5/27/2026 – Palo Alto Networks had its “neutral” rating reaffirmed by UBS Group AG.
• 5/27/2026 – Palo Alto Networks was downgraded by Guggenheim from “neutral” to “reduce”.
• 5/27/2026 – Palo Alto Networks was given a new $290.00 price target by Berenberg Bank.
• 5/27/2026 – Palo Alto Networks had its price target raised by Wedbush from $225.00 to $300.00. They now have an “outperform” rating on the stock.
• 5/27/2026 – Palo Alto Networks had its price target raised by Benchmark Co. from $200.00 to $270.00. They now have a “buy” rating on the stock.
• 5/26/2026 – Palo Alto Networks had its price target raised by Evercore Inc from $250.00 to $320.00. They now have an “outperform” rating on the stock.
• 5/26/2026 – Palo Alto Networks had its price target raised by BTIG Research from $216.00 to $268.00. They now have a “buy” rating on the stock.
• 5/22/2026 – Palo Alto Networks had its “hold (c)” rating reaffirmed by Weiss Ratings.
• 5/21/2026 – Palo Alto Networks had its price target raised by Wells Fargo & Company from $235.00 to $285.00. They now have an “overweight” rating on the stock.
• 5/20/2026 – Palo Alto Networks had its “overweight” rating reaffirmed by Cantor Fitzgerald. They now have a $285.00 price target on the stock.
• 5/20/2026 – Palo Alto Networks had its price target raised by BMO Capital Markets from $200.00 to $270.00. They now have an “outperform” rating on the stock.
• 5/20/2026 – Palo Alto Networks had its price target raised by Morgan Stanley from $223.00 to $253.00. They now have an “overweight” rating on the stock.
• 5/20/2026 – Palo Alto Networks had its price target raised by Stifel Nicolaus from $185.00 to $275.00. They now have a “buy” rating on the stock.
• 5/19/2026 – Palo Alto Networks had its price target raised by Capital One Financial Corporation from $168.00 to $248.00. They now have an “equal weight” rating on the stock.
• 5/19/2026 – Palo Alto Networks had its price target raised by Truist Financial Corporation from $200.00 to $275.00. They now have a “buy” rating on the stock.
• 5/18/2026 – Palo Alto Networks had its price target raised by Mizuho from $200.00 to $265.00. They now have an “outperform” rating on the stock.
• 5/18/2026 – Palo Alto Networks had its price target raised by Rosenblatt Securities from $225.00 to $275.00. They now have a “buy” rating on the stock.
• 5/15/2026 – Palo Alto Networks had its “outperform” rating reaffirmed by Oppenheimer Holdings, Inc.. They now have a $275.00 price target on the stock, up from $245.00.
• 5/15/2026 – Palo Alto Networks had its price target raised by Royal Bank Of Canada from $220.00 to $255.00. They now have an “outperform” rating on the stock.
• 5/14/2026 – Palo Alto Networks had its “buy” rating reaffirmed by Jefferies Financial Group Inc.. They now have a $265.00 price target on the stock.
• 5/14/2026 – Palo Alto Networks had its price target raised by Robert W. Baird from $220.00 to $265.00. They now have an “outperform” rating on the stock.
• 5/11/2026 – Palo Alto Networks had its “overweight” rating reaffirmed by Barclays PLC. They now have a $220.00 price target on the stock, up from $200.00.
• 5/6/2026 – Palo Alto Networks had its “buy” rating reaffirmed by Truist Financial Corporation. They now have a $220.00 price target on the stock, up from $205.00.
• 5/6/2026 – Palo Alto Networks had its price target raised by BTIG Research from $200.00 to $216.00. They now have a “buy” rating on the stock.
• 5/5/2026 – Palo Alto Networks had its price target raised by Wells Fargo & Company from $200.00 to $235.00. They now have an “overweight” rating on the stock.
• 4/21/2026 – Palo Alto Networks was given a new $215.00 price target by Berenberg Bank. They now have a “buy” rating on the stock.
• 4/20/2026 – Palo Alto Networks was upgraded by Berenberg Bank to “strong-buy”.

Insider Activity

In other news, CAO Josh D. Paul sold 1,100 shares of the business’s stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $161.40, for a total transaction of $177,540.00. Following the completion of the transaction, the chief accounting officer directly owned 83,136 shares in the company, valued at $13,418,150.40. The trade was a 1.31% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director John P. Key sold 1,572 shares of the business’s stock in a transaction on Wednesday, April 8th. The shares were sold at an average price of $173.32, for a total transaction of $272,459.04. Following the transaction, the director owned 20,000 shares of the company’s stock, valued at $3,466,400. This trade represents a 7.29% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 72,076 shares of company stock worth $17,930,587. Company insiders own 1.40% of the company’s stock.

Palo Alto Networks (NASDAQ: PANW) is a cybersecurity company founded in 2005 and headquartered in Santa Clara, California. The firm develops a broad suite of security products and services designed to prevent successful cyberattacks and protect enterprise networks, clouds, and endpoints. Built around a platform strategy, its offerings target threat prevention, detection, response and governance across hybrid and multi-cloud environments.

The company’s product portfolio includes next?generation firewalls as a core on?premises capability, alongside cloud?delivered security services and software for securing public and private clouds.