BTIG Stays Positive on Palo Alto Networks (PANW) as Channel Checks Improve

The steadfast spoke with eleven contacts connected broader cyber information trends, picking up aggregate information points for PANW. Its peculiar absorption was connected insights from 5 ample transmission partners with a combined presumption connected $1.3 cardinal successful yearly Palo Alto Networks sales.

BTIG noted that the code of its checks uncover flimsy improvements from the past quarter. It besides cited improved enactment with Palo Alto Networks partners successful some December and January, with insights regarding Prisma SASE, bundle firewalls, XSIAM and Prisma AIRS products lasting retired positively.

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The steadfast further noted expanding assurance successful PANW’s quality to transcend Street estimates successful its fiscal 2nd 4th of 2026.

And we near our enactment with a higher grade of assurance successful PANW’s quality to borderline retired Street estimates successful FQ2’26 and deed the precocious extremity of NGA ARR targets for FY26 (excluding M&A). We reduced our PT to $200/share from $248 antecedently owed to aggregate compression crossed bundle but reiterate our Buy rating.

Palo Alto Networks, Inc. (NASDAQ:PANW) is simply a person successful AI-powered cybersecurity.

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Disclosure: None. This nonfiction is primitively published at Insider Monkey.