Jun. 1 at 8:11 PM
Palo Alto Networks shares climbed to a new 52-week high of
$299.23 ahead of its fiscal Q3 2026 earnings report, fueled by a wave of bullish analyst upgrades and growing investor optimism. Baird, JPMorgan, and Jefferies all raised their price targets to
$300, with JPMorgan and Jefferies maintaining Buy ratings and citing confidence in the company’s ability to meet or exceed key quarterly metrics.
Analysts expect non-GAAP EPS of
$0.78-
$0.80 on revenue of roughly
$2.94 billion, representing strong year-over-year growth. Investor sentiment has also been supported by Palo Alto’s recent acquisition of AI gateway provider Portkey, which will be integrated into its Prisma AIRS platform, as well as the launch of AI-powered identity security platform Idira following its CyberArk acquisition. The company’s cybersecurity partnership with NATO has further strengthened its strategic profile.
$PANW