Palo Alto Networks price target raised to $275 from $245 at Oppenheimer

Oppenheimer analyst Ittai Kidron raised the firm’s price target on Palo Alto Networks (PANW) to $275 from $245 and keeps an Outperform rating on the shares after attending CyberArk’s Impact 2026 customer conference. At the event, Palo Alto rebranded CyberArk to Idira, positioning it as a next-generation identity security platform. Idira will integrate with Strata, Cortex, and Prisma AIRS, bringing first-party identity detection and dynamic fine-grained privilege controls to humans, machines, and AI Agents. At the event, Oppenheimer conducted a customer survey that indicated uninterrupted renewal activity and strong spending expectations. All respondents were positive or indifferent on the Palo acquisition, with no indicators of churn. Overall, Impact 2026 reinforces the firm’s positive view of Palo Alto’s pivot into identity/agentic identity security.