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Palo Alto rises on Piper Sandler target price hike, upgrade to 'overweight'

ReutersAug 12, 2025 9:06 AM

Shares of Palo Alto Networks PANW.O up 1.9% at $171.2 premarket

Piper Sandler upgrades cybersecurity firm to "overweight" from "neutral"; hikes PT to $225 from $200, implying a 34% upside

Cites early success of co's platformization strategy boosting bookings, future revenue growth

On the CyberArk acquisition, "PANW is acquiring one of the highest quality assets in security to further accelerate the consolidation opportunity," Piper said

38 of 54 brokerages rate stock "buy" or higher, 14 "hold" and 2 "sell" or lower; median PT is $215 - data compiled by LSEG

As of last close, PANW down 7.6% this year

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