In a report released today, Saiyi He from CMB International Securities maintained a Buy rating on Palo Alto Networks, with a price target of $236.70.
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Saiyi He has given his Buy rating due to a combination of factors including Palo Alto Networks’ strong financial performance and strategic acquisitions. The company reported a notable increase in revenue and non-GAAP net income for the first quarter of fiscal year 2026, surpassing market expectations. This growth was driven by better-than-expected product revenue and improved operational efficiency.
Furthermore, the acquisition of Chronosphere is seen as a strategic move to tap into the high-growth observability industry, enhancing Palo Alto Networks’ development opportunities. The company’s Next-Generation Security products also showed solid revenue growth, with significant increases in active customer numbers and annual recurring revenue. These factors, combined with management’s positive guidance for the upcoming quarter, support the Buy rating.
According to TipRanks, He is a 5-star analyst with an average return of 16.7% and a 61.87% success rate. He covers the Communication Services sector, focusing on stocks such as Kuaishou Technology Class B, Tencent Holdings , and Baidu.
In another report released yesterday, Rosenblatt Securities also reiterated a Buy rating on the stock with a $250.00 price target.