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Barchart
Barchart
Mark R. Hake, CFA

Palo Alto Networks Could Be Worth Over $433 - 21% More - as Analysts Hike Their Revenue Forecasts

Palo Alto Networks Palo Alto PANW Barchart TTM Yahoo Finance

Palo Alto Networks (PANW) is set to release its fiscal Q4 earnings on Sept. 1. Since my last Barchart article, when I set a $402.88 price target, analysts have raised their revenue forecasts. The new PANW PT is $433, 21% higher. This article will show why.

PANW closed at $357.87 on Friday, Aug. 21. That's down from a peak of $394.42, close to my prior PT, on Aug. 13. It could move significantly higher over the next year.

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