Wedbush Raises PT on Palo Alto Networks (PANW)

3 days ago 7

Talha Qureshi

Sat, June 6, 2026 astatine 12:15 PM CDT 2 min read

With much than 65% gains successful May 2026, Palo Alto Networks, Inc. (NASDAQ:PANW) is 1 of the Best Performing Stocks successful May. Recently, connected June 3, Wedbush raised the terms people connected the banal from $300 to $340 and maintained an Outperform standing connected the shares.

The standing follows Palo Alto Networks, Inc. (NASDAQ:PANW)’s fiscal Q3 2026 earnings. During the quarter, the institution posted $3 cardinal successful revenue, reflecting 31% year-over-year maturation and up of the statement of $2.94 billion. The EPS of $0.85 besides came successful up of the expected $0.80.

CEO Nikesh Arora highlighted that the bookings accelerated for the institution arsenic enterprises progressively trust connected PANW to unafraid their AI infrastructure. Revenue was partially boosted by the caller acquisitions of CyberArk and Chronosphere. Moreover, the Next-Generation Security ARR besides grew by 60% to transcend the $8 cardinal mark. Notably, the remaining show obligations grew 36% to $18.4 billion, signaling beardown aboriginal gross visibility.

On the profitability front, the representation remained mixed connected a GAAP basis, with a nett nonaccomplishment of $177 cardinal compared to a nett of $262 cardinal a twelvemonth ago, mostly owed to acquisition-related costs. However, non-GAAP nett income roseate to $684 million, reflecting steadfast underlying concern performance.

Wedbush sees PANW’s AI-native, integrated information level arsenic a cardinal competitory vantage for winning caller deals. The steadfast has placed it arsenic a beardown pillar successful its “AI 30” database of apical AI-era investments.

Palo Alto Networks, Inc. (NASDAQ:PANW) provides web information solutions to work providers, enterprises, and authorities entities.

While we admit the imaginable of PANW arsenic an investment, we judge definite AI stocks connection greater upside imaginable and transportation little downside risk. If you're looking for an highly undervalued AI banal that besides stands to payment importantly from Trump-era tariffs and the onshoring trend, spot our escaped study connected the best short-term AI stock.

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