Palo Alto Networks Next Gen Security Grows 60% with $320–$380 Price Targets
PANW•Evercore cut its price target on Palo Alto Networks to $320 from $375, implying just 0.4% upside, while rival BTIG maintains a $380 target suggesting 19% potential gain. The company’s Next Gen security segment surged 60% year-over-year and shares have rallied 3,770% since a 2013 outlier inflow signal.
1. Diverging Analyst Price Targets
Evercore ISI lowered its price target on Palo Alto Networks to $320 from $375, signaling minimal upside of 0.4%. In contrast, BTIG labels the stock a top pick with a $380 target implying roughly 19% upside, and other firms have also raised forecasts despite the stock’s recent 5.9% intraday drop to $317.15 within a 52-week range of $139.57 to $368.17.
2. Next Gen Security Surge
Palo Alto Networks’ Next Gen security segment posted 60% year-over-year revenue growth, bolstered by its recent $25 billion acquisition of CyberArk to expand identity security. Since an initial institutional outlier inflow signal in 2013, the stock has delivered a cumulative return of 3,770%, underscoring long-term investor enthusiasm.
