Movement Alert|Palo Alto Networks Rises 3.17% in Regular Trading, S&P 100 Inclusion Imminent as Investment Banks Raise Price Targets

Market Focus09-14 21:44

On September 14, Palo Alto Networks rose 3.17% in regular trading, trading at approximately $347.00 per share, with turnover of $4.23 billion.

On the news front, the company is set to be officially added to the S&P 100 Index on September 21, fueling expectations of passive fund rebalancing inflows. Meanwhile, multiple investment banks have recently raised their price targets in quick succession — Wedbush to $400, Daiwa Securities to $390, RBC to $475, and Jefferies to $450 — with the consensus target at approximately $399, implying significant upside from current levels.

On the fundamental side, Palo Alto Networks reported fiscal Q4 revenue of $3.41 billion, up 34% year over year, beating the $3.352 billion estimate. Adjusted EPS came in at $1.02 versus the $0.98 consensus. Remaining performance obligations surpassed $20 billion for the first time, while next-generation security ARR reached $9.1 billion, up 63% year over year. The company also guided fiscal 2027 adjusted EPS of $4.16–$4.19, above the FactSet estimate of $4.10.

Additionally, cybersecurity peer CrowdStrike surged over 7% on the day, providing further sector-wide support.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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