Citi Raises Palo Alto Networks Target to $340; Goldman Lifts to $330 on AI Security Demand
GS•Citi raised its Palo Alto Networks target to $340 from $210, projecting continued double-digit growth in next-generation security ARR. Goldman Sachs boosted its price target to $330 from $224 after a Q3 earnings beat, highlighting AI-driven spending in security operations, observability and AI-focused products.
1. Citi Raises Price Target on Palo Alto Networks
Citi increased its price target to $340 from $210 while maintaining a Buy rating, citing management commentary and internal analysis that project double-digit growth in next-generation security annual recurring revenue over coming quarters.
2. Goldman Sachs Increases Forecast After Q3 Beat
Goldman Sachs lifted its target to $330 from $224 following a strong Q3 earnings performance, emphasizing that AI remains a principal driver of incremental spending in security operations and observability.
3. Expanding Opportunity in AI-Focused Security
Both firms noted growing demand for AI-driven products such as runtime agentic security, AI application and model protection, agentic identity, and AI infrastructure solutions as catalysts for market share gains.
