Palo Alto Networks, the Technology sector company, was revisited by a Wall Street analyst today. Analyst Shaul Eyal from TD Cowen reiterated a Buy rating on the stock and has a $230.00 price target.
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Shaul Eyal has given his Buy rating due to a combination of factors that suggest a positive outlook for Palo Alto Networks. Despite recent concerns about the company’s acquisition activities and the broader software market’s performance, Eyal believes that Palo Alto Networks is well-positioned to address these issues. The company’s fourth-quarter results and initial fiscal year 2026 outlook are expected to alleviate investor concerns about spending moderation, while its ongoing platformization strategy is anticipated to support its long-term revenue goals.
Furthermore, Eyal views the recent acquisition of a leading identity platform provider positively, as it enhances Palo Alto Networks’ platform capabilities in a complex security category. This strategic move positions the company to capitalize on the rapid adoption of AI, which is expected to be a significant growth driver. Additionally, Eyal highlights that the cybersecurity market remains strong and resilient, providing a level of insulation from broader market headwinds, which further supports the Buy rating.
In another report released yesterday, Barclays also maintained a Buy rating on the stock with a $210.00 price target.