Wells Fargo Raises Palo Alto Networks (PANW) Price Target to $525
Wells Fargo has reaffirmed its Overweight rating on Palo Alto Networks with a new price target of $525, a 53.08% upside from the current price.
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Wells Fargo raised its price target on Palo Alto Networks, Inc. ($PANW) to $525 from $475 on October 13, 2026, and rates the stock "Overweight".
Since the rating, $PANW is down 13.9% to date (from the $397.03 close on Oct 13, 2026).
PANW
Palo Alto Networks, Inc.
Key Points
- On October 13, 2026, Wells Fargo reiterated its Overweight rating on Palo Alto Networks, Inc. (PANW) and set a new price target of $525, up from $475.
- Wells Fargo's $525 price target implies 53.08% upside from Palo Alto Networks, Inc.'s ($PANW) current $342.96 share price.
- As of October 16, 2026, Palo Alto Networks traded recently around $342.96, which is 20.7% below its 52-week high of $432.33.
- Palo Alto Networks currently has a market cap of about $302.9 billion and a forward P/E ratio of 75.9.
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Wells Fargo has reaffirmed its Overweight rating on Palo Alto Networks, Inc. (PANW) and raised its price target to $525 from $475. This rating and price target were announced on October 13, 2026.
Other Institutional Activity in Palo Alto Networks
Blackrock Inc. holds 75,753,509 shares of Palo Alto Networks, valued at about $25.9 billion after increasing its stake by 3,324,492 shares, a 4.6% rise. Vanguard Capital Management LLC owns 53,129,128 shares worth approximately $18.2 billion, having added 364,079 shares, a 0.7% increase. State Street Corporation has 36,979,497 shares valued at about $12.6 billion, with a 4.2% increase after adding 1,493,942 shares. In contrast, Morgan Stanley trimmed its holdings by 2,870,028 shares, now holding 29,450,112 shares worth about $10.1 billion, a decrease of 8.9%. Invesco Ltd. increased its stake by 1,720,391 shares, ending with 25,647,946 shares valued at approximately $8.8 billion, which is a 7.2% increase.
Palo Alto Networks, Inc. Stock Down 8.6%
As of October 16, 2026, Palo Alto Networks shares traded recently around $342.96. This price is 8.2% below its 50-day moving average of $373.46 but 32.4% above its 200-day average of $258.98. The stock is currently 20.7% below its 52-week high of $432.33 and significantly above its 52-week low of $139.57.
$PANW price target
Palo Alto Networks, Inc. daily closes and this analyst's $525 target. Not advice.
Recent Earnings
Palo Alto Networks reported trailing twelve-month revenue of approximately $11.5 billion, with a year-over-year revenue growth of 34.5%. The company's earnings per share (EPS) for the same period stands at $0.40. The next earnings report is expected on November 19, 2026.
Insider Buying and Selling at Palo Alto Networks, Inc.
Recent insider transactions include sales by Director James Joseph Goetz, who sold 20,000 shares worth about $7.5 million on September 17, 2026. Chief Financial Officer Dipak Golechha sold 27,500 shares valued at approximately $10.8 million on September 24, 2026. Director Aparna Bawa sold 260 shares at an average price of $392.68, totaling around $102,098 on September 24, 2026. Additionally, Officer Joshua D. Paul sold 400 shares at an average price of $395.70, valued at $158,280 on October 1, 2026.
Analysts Set New Price Targets
On October 13, 2026, Wells Fargo maintained its Overweight rating on Palo Alto Networks with a new price target of $525. This follows several other firms maintaining their ratings, including Morgan Stanley, which set a target of $410, BTIG at $425, and TD Cowen at $440. The consensus among analysts is a Buy rating with a mean target price of $398.52 based on 50 analyst opinions.
About Palo Alto Networks
Palo Alto Networks, Inc. provides cybersecurity solutions globally, including in the Americas, Europe, and Asia. The company's offerings include solutions for secure access and network security management, making it a key player in the cybersecurity sector. The recent analyst call reflects confidence in its growth prospects following strong revenue growth and upcoming earnings.
Bottom Line
Investors should watch for Palo Alto Networks' next earnings report on November 19, 2026, which could provide further insights into its financial performance. With Wells Fargo's reiterated Overweight rating and adjusted price target, the stock remains a focal point in the technology sector.
Related Filing Alerts
Source: Wells Fargo's rating change on $PANW (Oct 13, 2026). Written by software, not financial advice. How we make alerts