TD Cowen Reiterates Buy Rating on Palo Alto Networks (PANW)

TD Cowen analyst Shaul Eyal reiterated a Buy rating and $255.00 price target on Palo Alto Networks (NASDAQ: PANW)

The analyst comments "For 1Q26, PANW posted solid results with Next-Gen Security ARR up 29% y/y and RPO up 24% beating ests - consistent with our checks. PANW also announced the $3.4B acquisition of Chronosphere, a next-gen observability platform. With an eye on the future, PANW announced a plan with IBM to offer a new Quantum Safe Readiness solution. PANW raised its FY30 ARR est to $20B from $15B. Buy and $255 PT."

For an analyst ratings summary and ratings history on Palo Alto Networks click here. For more ratings news on Palo Alto Networks click here.

Shares of Palo Alto Networks closed at $199.90 yesterday.

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