Wedbush Just Set a New Street-High Price Target of $325 on Palo Alto Networks. What This Means for PANW Stock.

Global cyberattacks reached a record average of 1,968 per week in 2025, up 70% from 2023, according to Check Point Software’s 2026 Cyber Security Report. At the same time, Anthropic’s Claude Mythos model has shown it can find and exploit software vulnerabilities that had gone undetected, adding to concerns across the industry. That is pushing companies to spend more on cybersecurity, and Gartner expects AI cybersecurity spending alone to rise to more than $51 billion in 2026, up from about $26 billion in 2025.

Palo Alto Networks (PANW) is right in the middle of that trend. The stock had already jumped more than 70% in less than two months, climbing from below $150 at the end of March to around $260 and hitting record highs. The move has been driven by the launch of its Idira identity security platform, rising confidence from analysts, and growing demand for tools that can help companies deal with AI-related threats. Now Wedbush has gone even further, setting a new Street-high $325 price target on Palo Alto Networks and calling it one of the clearest winners from the AI demand wave.