Wedbush Assumes Palo Alto Networks at Outperform, Announces Price Target of $400
Wedbush analyst Steven Wahrhaftig assumes Palo Alto Networks (NASDAQ:PANW) with a Outperform rating and announces Price Target of $400.
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Palo Alto Networks (NASDAQ:PANW) has outperformed the market over the past 10 years by 16.01% on an annualized basis producing an average annual return of 29.67%. Currently, Palo Alto Networks has a market
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Wedbush analyst Steven Wahrhaftig assumes Palo Alto Networks (NASDAQ:PANW) with a Outperform rating and announces Price Target of $400.
Fortinet (FTNT) has emerged as a strong cybersecurity performer with 98% YTD gains, trading at a premium 13.16x forward P/S ratio. Despite the high valuation, the company's raised 2026 guidance, 26% revenue growth, 33% billings expansion, and AI-security platform innovations suggest fundamentals justify the premium. Analysts recommend buying now rather than waiting for a pullback, citing durable growth drivers and competitive differentiation through its AI-native Security Fabric.
Palo Alto Networks (PANW) has surged 102% in six months, driven by strong demand for AI-native cybersecurity solutions, particularly in SASE with 40% bookings growth and 9x increase in agentic traffic. However, rising cloud hosting costs, higher hardware component costs, and a premium valuation of 18.97X forward P/S ratio warrant caution. Zacks recommends a Hold rating despite strong long-term growth prospects.
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