Palo Alto Networks stock gets a higher BTIG target

Published on 09/30/2026 at 09:58 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

BTIG raised its Palo Alto Networks target to USD 425.00 from USD 404.00 on September 29, 2026. Fiscal Q4 revenue reached USD 3.41 billion, up 34 percent year over year.

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Palo Alto Networks (ISIN US6974351057) was trading at EUR 342.75 at Lang & Schwarz on September 30, 2026 at 9:49 a.m. CEST, plus 0.01 percent versus the prior close of EUR 342.70. The immediate company catalyst is BTIG's higher price target after the cybersecurity provider's latest growth update.

BTIG lifts target to USD 425

According to Investing.com on September 29, 2026, BTIG raised its Palo Alto Networks price target to USD 425.00 from USD 404.00 and maintained a Buy rating. BTIG's revenue growth view of 17 percent or more compares with a 14.6 percent Street estimate, while its Next-Generation Security ARR view of at least 26 percent compares with a 24.5 percent estimate.

The target revision follows Palo Alto Networks' fiscal fourth-quarter results for the period ended July 31, 2026. The comparison is important because BTIG's higher valuation rests on faster platform growth rather than on a simple change in market sentiment.

Revenue and ARR set the pace

According to Palo Alto Networks in its September 1, 2026 release, fiscal Q4 2026 revenue rose 34 percent year over year to USD 3.41 billion. Next-Generation Security ARR increased 63 percent to USD 9.10 billion, and remaining performance obligations grew 34 percent to USD 21.20 billion.

The earnings mix also shows the execution challenge. GAAP operating income fell to USD 172 million from USD 497 million in fiscal Q4 2025, while non-GAAP operating income rose to USD 1.01 billion from USD 768 million, according to the same company release. That gap puts greater weight on subscription growth and cash generation.

Fiscal 2027 guidance raises the bar

Palo Alto Networks guided to fiscal 2027 revenue of USD 14.10 billion to USD 14.20 billion and diluted non-GAAP earnings per share of USD 4.16 to USD 4.19. For the first quarter, the company expects revenue of USD 3.30 billion to USD 3.31 billion and Next-Generation Security ARR of USD 9.54 billion to USD 9.56 billion.

CNBC reported on September 1, 2026 that the fiscal Q4 adjusted EPS result was USD 1.02 versus a USD 0.98 estimate, while revenue was USD 3.41 billion versus a USD 3.35 billion estimate. The company also announced the acquisition of AI platform Console, adding execution and integration considerations to the growth case.

Stock trades near yearly high

On Nasdaq, PANW was last at USD 388.41 on September 29, 2026 at 4:00 p.m. ET, with a 52-week range of USD 139.57 to USD 398.88. Palo Alto Networks therefore remains USD 10.47 below that high, while the euro quote from Lang & Schwarz shows a largely unchanged intraday reading for September 30, 2026.