Piper Sandler raised the firm’s price target on Palo Alto Networks (PANW) to $265 from $230 and keeps an Overweight rating on the shares. The firm says 2025 proved to be a tough year for its Security & Infrastructure Software coverage, with the average name showing negative performance and only four names outperforming the NASDAQ. Piper is cautiously optimistic for a better year in 2026, with many names entering the year at interesting valuation levels setup well to be longer-term GenAI winners, despite monetization at the software layer not yet occurring at scale.
Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PANW:
- Guggenheim upgrades Palo Alto to Neutral after underperformance
- Palo Alto Networks in talks to buy Koi for $400M, CTech reports
- Palo Alto Networks (PANW) Plans $400 Million Move for Israeli Cybersecurity Firm Koi
- Palo Alto Networks upgraded to Neutral from Sell at Guggenheim
- In Israeli Tech, Investors Are Writing Fewer Checks but Making Them Much Bigger