Analyst Keith Bachman of BMO Capital maintained a Buy rating on Palo Alto Networks, with a price target of $200.00.
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Keith Bachman has given his Buy rating due to a combination of factors related to Palo Alto Networks’ growth profile and valuation. He views the company’s broadening portfolio in next‑generation security and cloud offerings as capable of sustaining low double‑digit organic growth over the long term, supported by steady demand for network security, strong XSIAM traction, and expanding platform deals.
At the same time, Bachman believes the current share valuation does not fully reflect Palo Alto Networks’ growth potential and the strategic benefits of customer consolidation onto its platforms. He highlights accelerating SASE momentum and durable network security performance as key drivers that can support the company’s multi‑year ARR and revenue outlook, justifying a Buy rating despite modest recent adjustments to growth expectations.
According to TipRanks, Bachman is a 4-star analyst with an average return of 3.7% and a 46.94% success rate. Bachman covers the Technology sector, focusing on stocks such as Adobe, Cognizant, and Infosys.
In another report released today, Barclays also maintained a Buy rating on the stock with a $200.00 price target.