Citi lifts Palo Alto's PT, expects AI-driven security spending to support growth

Palo Alto Networks

13/07/2026 15:52

** Citigroup raises cybersecurity firm Palo Alto Networks' PANW.O PT to $400 from $340, implying about 23% upside to stock's last close
** Brokerage says AI-driven security spending keeps co at "the front of the line" for cybersecurity budgets
** Says constructive early checks and CIO surveys support positive revisions to revenue and next-generation security annual recurring revenue
** Shares of co PANW.O up 0.54% at $327.67
** 44 of 57 brokerages rate stock "buy" or higher, 12 "hold" and 1 "sell"; their median PT is $330 - data compiled by LSEG
** Up to last close, stock up about 77% YTD

 (Reporting by Anzar Mehraj in Bengaluru)
 ((Anzar.Mehraj@thomsonreuters.com))