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Palo Alto Networks (PANW) just picked up another vote of confidence fromWall Street, and it arrived at a busy moment for the stock.
Shares closed at$247.55 on May 18, near afresh all-time highreached days earlier.
For a stock thatfell roughly 20%over the prior year, that swing matters to anyone holding it.
The new call gives investors something concrete to weigh before the company opens its books.
Morgan Stanley analysts Meta Marshall and Keith Weiss raised their price target on Palo Alto Networksto $253 from $223on May 20, keeping an Overweight rating,TipRanks reports.
That implies about2% upsidefrom the May 18 close, modest on its own but notable given how far the stock has already run.
The bank pointed tostrong demandacrossfirewall refreshes,Prisma SASE,Cortex XSIAMandAIsecurityas the drivers.
A firewall refreshis the cycle where companies replace aging network security hardware, and that replacement wave is now feeding revenue.
Bank of America sends clear message on Palantir stock after earnings Veteran analyst resets Apple stock price target for 2026 Bank of America tweaks CoreWeave stock price target for 2026 The firm based the new target on ahigher 37x multipleof estimated 2027free cash flowper share,up from 32x, a sign it now thinks investors will pay more for each dollar Palo Alto generates.
The upgrade is not random.Palo Alto Networksreports fiscal third-quarter results on June 2 after the market closes, and analysts are positioning ahead of it.
Morgan Stanley expects the company to beat consensus on remaining performance obligations, a measure of contracted future revenue that hints atdemand the income statement has not yet recorded.
The bank seesRPO growing closer to 33% year over year, above the midpoint of management's own guidance.
| Product | Price | Change |
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