Palo Alto Networks (PANW) Stock Forecast & Price Target

$337.93

-8.18 (-2.36%)

(As of 09/17/2024 ET)

Palo Alto Networks - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy
Based on 42 Analyst Ratings

Based on 42 Wall Street analysts who have issued ratings for Palo Alto Networks in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 42 analysts, 12 have given a hold rating, 29 have given a buy rating, and 1 has given a strong buy rating for PANW.

Consensus Price Target

$366.08
8.33% Upside

High Forecast	$420.00
Average Forecast	$366.08
Low Forecast	$242.00

According to the 42 analysts' twelve-month price targets for Palo Alto Networks, the average price target is $366.08. The highest price target for PANW is $420.00, while the lowest price target for PANW is $242.00. The average price target represents a forecasted upside of 8.33% from the current price of $337.93.

Type	Current Forecast 9/18/23 to 9/17/24	1 Month Ago 8/19/23 to 8/18/24	3 Months Ago 6/20/23 to 6/19/24	1 Year Ago 9/18/22 to 9/18/23
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy
Strong Buy	1 Strong Buy rating(s)	1 Strong Buy rating(s)	1 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	29 Buy rating(s)	29 Buy rating(s)	29 Buy rating(s)	39 Buy rating(s)
Hold	12 Hold rating(s)	12 Hold rating(s)	11 Hold rating(s)	3 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$366.08	$331.63	$322.78	$264.71
Forecasted Upside	8.33% Upside	6.93% Upside	9.68% Upside	27.05% Upside

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PANW Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

PANW Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Palo Alto Networks Stock vs. The Competition

Type	Palo Alto Networks	Computer and Technology Companies	S&P 500
Consensus Rating Score	2.74	2.64	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	7.85% Upside	161.83% Upside	7.76% Upside
News Sentiment Rating	Positive News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

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Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
9/5/2024	Susquehanna 2 of 5 stars		Boost Target	Positive ➝ Positive	$340.00 ➝ $420.00	+22.63%
8/21/2024	Bank of America 4 of 5 stars		Boost Target	Neutral ➝ Neutral	$370.00 ➝ $400.00	+9.21%
8/20/2024	Northland Securities 4 of 5 stars		Boost Target	Market Perform ➝ Market Perform	$275.00 ➝ $350.00	-6.28%
8/20/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$330.00 ➝ $376.00	+0.68%
8/20/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$350.00 ➝ $370.00	-0.23%
8/20/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$385.00 ➝ $395.00	+6.51%
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8/20/2024	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$350.00 ➝ $400.00	+8.23%
8/20/2024	Truist Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$350.00 ➝ $400.00	+8.23%
8/20/2024	Oppenheimer Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$390.00 ➝ $410.00	+12.11%
8/20/2024	Scotiabank Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Sector Outperform ➝ Sector Outperform	$385.00 ➝ $400.00	+9.38%
8/20/2024	DA Davidson Subscribe to MarketBeat All Access for the recommendation accuracy rating	R. Kessinger Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy ➝ Buy	$380.00 ➝ $415.00	+20.86%
8/20/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$385.00 ➝ $416.00	+21.16%
8/20/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$345.00 ➝ $355.00	+3.39%
8/20/2024	Westpark Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Hold
8/20/2024	JMP Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Market Outperform ➝ Market Outperform	$380.00 ➝ $380.00	+10.67%
8/20/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$360.00 ➝ $390.00	+13.58%
8/20/2024	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$334.00 ➝ $390.00	+13.58%
8/20/2024	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$330.00 ➝ $395.00	+15.04%
8/20/2024	KeyCorp Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$380.00 ➝ $400.00	+16.50%
8/20/2024	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$385.00 ➝ $395.00	+15.04%
8/20/2024	Needham & Company LLC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$345.00 ➝ $385.00	+12.13%
8/20/2024	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$300.00 ➝ $330.00	-3.89%
8/20/2024	Sanford C. Bernstein Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$364.00 ➝ $399.00	+16.20%
8/20/2024	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$360.00 ➝ $385.00	+12.13%
8/20/2024	BTIG Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$366.00 ➝ $395.00	+15.04%
8/20/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$390.00 ➝ $410.00	+19.41%
8/19/2024	Cantor Fitzgerald Subscribe to MarketBeat All Access for the recommendation accuracy rating	Y. Lee Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Overweight ➝ Overweight	$350.00 ➝ $350.00	+2.84%
8/19/2024	Rosenblatt Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$300.00 ➝ $345.00	+3.26%
8/16/2024	Wedbush Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Outperform ➝ Outperform	$375.00 ➝ $375.00	+11.88%
8/16/2024	Robert W. Baird Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$360.00 ➝ $375.00	+9.24%
8/15/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$340.00 ➝ $365.00	+6.33%
7/18/2024	Redburn Atlantic Subscribe to MarketBeat All Access for the recommendation accuracy rating	N. Marques Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Buy ➝ Neutral	$350.00 ➝ $325.00	-2.15%
5/29/2024	Daiwa America Subscribe to MarketBeat All Access for the recommendation accuracy rating	M. Ueno Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Strong-Buy
5/29/2024	Argus Subscribe to MarketBeat All Access for the recommendation accuracy rating	J. Bonner Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy ➝ Buy	$336.00 ➝ $348.00	+13.71%
5/29/2024	Daiwa Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Outperform	$350.00	+13.63%
5/21/2024	Macquarie Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$270.00 ➝ $285.00	-10.49%
2/21/2024	Mizuho Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$405.00 ➝ $350.00	+29.36%
2/21/2024	Capital One Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Overweight ➝ Equal Weight	$302.00	-17.51%
2/21/2024	Loop Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Hold	$300.00	-18.05%
12/18/2023	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Outperform ➝ Market Perform
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10/18/2023	DZ Bank Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Buy	$310.00	+18.44%
9/29/2023	HSBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Hold	$242.00	+2.90%
6/8/2023	58.com Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Maintains
5/24/2023	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform	$210.00 ➝ $225.00	+10.78%
5/24/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform	$235.00 ➝ $260.00	+37.03%
5/18/2023	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$215.00 ➝ $230.00	+20.09%
2/22/2023	Roth Mkm Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy	$220.00 ➝ $230.00	+22.58%
2/21/2023	Roth Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating	C. Trebnick Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Buy	$220.00 ➝ $230.00	+37.82%
1/17/2023	Guggenheim Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Neutral
12/1/2022	Redburn Partners Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Buy	$270.00	+58.92%
11/18/2022	Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy	$207.00	+23.77%
11/15/2022	MKM Partners Subscribe to MarketBeat All Access for the recommendation accuracy rating	Catharine Trebnick Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Buy ➝ Buy	$250.00 ➝ $220.00	+36.03%
10/7/2022	Sumitomo Mitsui Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Outperform	$230.00	+31.62%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Tuesday at 10:47 PM ET.

PANW Forecast - Frequently Asked Questions

What is Palo Alto Networks' forecast for 2024?: According to the research reports of 42 Wall Street equities research analysts, the average twelve-month stock price forecast for Palo Alto Networks is $366.08, with a high forecast of $420.00 and a low forecast of $242.00.
Should I buy or sell Palo Alto Networks stock right now?: 42 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Palo Alto Networks in the last year. There are currently 12 hold ratings, 29 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" PANW shares.
Does Palo Alto Networks's stock price have much upside?: According to analysts, Palo Alto Networks's stock has a predicted upside of 7.85% based on their 12-month stock forecasts.
Has Palo Alto Networks been downgraded by Wall Street analysts recently?: Over the previous 90 days, Palo Alto Networks's stock had 1 downgrade by analysts.
What analysts cover Palo Alto Networks?: Palo Alto Networks has been rated by research analysts at Bank of America, Barclays, BMO Capital Markets, BTIG Research, Cantor Fitzgerald, Citigroup, DA Davidson, Deutsche Bank Aktiengesellschaft, Evercore ISI, JMP Securities, JPMorgan Chase & Co., KeyCorp, Morgan Stanley, Needham & Company LLC, Northland Securities, Oppenheimer, Piper Sandler, Redburn Atlantic, Robert W. Baird, Rosenblatt Securities, Royal Bank of Canada, Sanford C. Bernstein, Scotiabank, Stifel Nicolaus, Susquehanna, TD Cowen, The Goldman Sachs Group, Truist Financial, UBS Group, Wedbush, Wells Fargo & Company, and Westpark Capital in the past 90 days.
Do Wall Street analysts like Palo Alto Networks more than its competitors?: Analysts like Palo Alto Networks more than other "computer and technology" companies. The consensus rating score for Palo Alto Networks is 2.74 while the average consensus rating score for "computer and technology" companies is 2.64. Learn more on how PANW compares to other companies.