Palo Alto Networks (PANW) PT Raised to $415 at Evercore ISI

Evercore ISI analyst Peter Levine raised the price target on Palo Alto Networks (NASDAQ: PANW) to $415.00 (from $320.00) while maintaining a Outperform rating.

The analyst commented: "We are changing our price target to $415 from $320, reflecting ~52x CY27 FCF. The updated PT is supported by the initial positive read throughs from our latest cyber channel checks, which reinforced our thesis that PANW is positioned at the center of identity, observability, and AI-powered SecOps. We believe vendor consolidation and continued platform expansion should support durable growth and L/T FCF expansion. Overall, partner feedback was broadly constructive for PANW, highlighting sustained platform momentum, stronger identity conversations with CYBR, and continued traction across SASE and Cortex."

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