TD Cowen raised target for Palo Alto Networks stock

Published on 10/12/2026 at 11:02 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

TD Cowen lifted its target to USD 440 on October 2, 2026. Palo Alto Networks stock costs EUR 375.93 on October 12, 2026.

Key points in brief

TD Cowen raised its Palo Alto Networks price target to USD 440 from USD 400 on October 2, 2026.
Fiscal fourth-quarter revenue rose 34.00 percent to USD 3.41 billion, while Next-Generation Security ARR increased 63.00 percent to USD 9.10 billion.
Palo Alto Networks stock was trading at EUR 375.93 at Lang & Schwarz on October 12, 2026 at 11:00 a.m. CEST.
The company is expected to report its next quarterly results on November 12, 2026.

Dunkles Security Operations Center mit vielen Monitoren und Netzwerkkarten in Blau — Palo Alto Networks US6974351057 zeigt dunkles Security Operations Center mit vielen Bildschirmen und Netzwerkdaten, Illustration mit AI erstellt.

Palo Alto Networks (ISIN US6974351057) was trading at EUR 375.93 at Lang & Schwarz on October 12, 2026 at 11:00 a.m. CEST. Investing.com reported that TD Cowen raised its Palo Alto Networks target from USD 400 to USD 440 on October 2, 2026, while maintaining a Buy rating.

Three dated growth catalysts

The latest catalyst followed two earlier milestones. On September 1, 2026, Palo Alto Networks reported fiscal fourth-quarter revenue of USD 3.41 billion, up 34.00 percent year over year, Next-Generation Security ARR of USD 9.10 billion, up 63.00 percent, and remaining performance obligations of USD 21.20 billion, up 34.00 percent, according to PR Newswire. On September 28, 2026, BTIG raised its target from USD 404 to USD 425, according to MarketBeat. TD Cowen then lifted its target from USD 400 to USD 440 on October 2, 2026.

What does the growth mean?

The operating figures show why platform expansion is central to the analyst case. Palo Alto Networks added 220 net new platformization deals in the latest quarter, a 44.00 percent year-over-year increase, and platformized customers delivered 120.00 percent net revenue retention, according to Investing.com. The counterweight is valuation: MarketBeat reported an average 12-month target of USD 391.32 from 50 analysts, including 38 Buy ratings and 12 Holds, below the latest USD 440 TD Cowen target.

Upcoming reporting date

finanzen.ch listed November 12, 2026 as the expected date for the next quarterly report. That report will give investors a fresh test of the USD 14.10 billion to USD 14.20 billion fiscal 2027 revenue outlook described by PR Newswire.

Stock quote stays current

Palo Alto Networks had a market capitalization of USD 341.3 billion as of October 9, 2026, while the 52-week range was USD 139.57 to USD 432.33. The current euro quote therefore sits below the recent high, but the key investor question remains whether platformization can convert the latest ARR growth into sustained cash generation.

The further course of trading is shown by the continuously updated real-time quote of Palo Alto Networks stock.