Palo Alto Networks (PANW) shares reached consecutive record highs, closing at $260.58 on May 22, 2026. Morgan Stanley, Wells Fargo, and Stifel raised their price targets ahead of the June 2 fiscal third-quarter earnings report.
Analysts cite robust demand for AI-driven security tools and firewall refreshes. Rapid enterprise adoption of the company’s platformization strategy and the new Idira identity security platform bolster market sentiment.
CEO Nikesh Arora recently executed multi-million-dollar share purchases. This insider activity offsets minor investor concerns regarding overvaluation.