Wedbush Raises PT on Palo Alto Networks (PANW)
Key takeaways
- Wedbush Raises PT on Palo Alto Networks (PANW) Talha Qureshi Sun, June 7, 2026 at 12:15 AM GMT+7 2 min read PANW With more than 65% gains in May 2026, Palo Alto Networks, Inc.
- During the quarter, the company posted $3 billion in revenue, reflecting 31% year-over-year growth and ahead of the consensus of $2.94 billion.
- CEO Nikesh Arora highlighted that the bookings accelerated for the company as enterprises increasingly rely on PANW to secure their AI infrastructure.
Wedbush Raises PT on Palo Alto Networks (PANW) Talha Qureshi Sun, June 7, 2026 at 12:15 AM GMT+7 2 min read PANW With more than 65% gains in May 2026, Palo Alto Networks, Inc. (NASDAQ:PANW) is one of the Best Performing Stocks in May. Recently, on June 3, Wedbush raised the price target on the stock from $300 to $340 and maintained an Outperform rating on the shares.
The rating follows Palo Alto Networks, Inc. (NASDAQ:PANW)’s fiscal Q3 2026 earnings. During the quarter, the company posted $3 billion in revenue, reflecting 31% year-over-year growth and ahead of the consensus of $2.94 billion. The EPS of $0.85 also came in ahead of the expected $0.80.
CEO Nikesh Arora highlighted that the bookings accelerated for the company as enterprises increasingly rely on PANW to secure their AI infrastructure. Revenue was partly boosted by the recent acquisitions of CyberArk and Chronosphere. Moreover, the Next-Generation Security ARR also grew by 60% to exceed the $8 billion mark. Notably, the remaining performance obligations grew 36% to $18.4 billion, signaling strong future revenue visibility.