Benchmark Begins Coverage on Palo Alto Networks

Analysts set a 'buy' rating and $200 price target for the network security company.

Apr. 1, 2026 at 2:38pm

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Equities research analysts at Benchmark began coverage on shares of Palo Alto Networks (NASDAQ:PANW) in a research note on Wednesday. They set a 'buy' rating and a $200.00 price target for the company, indicating a potential upside of 24.58% from the current stock price.

Why it matters

Palo Alto Networks is a leading cybersecurity firm that provides a range of products and services to protect enterprise networks, clouds, and endpoints. Benchmark's positive coverage and price target suggest the analysts see strong growth potential for the company's security offerings.

The details

Benchmark's price target of $200 for Palo Alto Networks is higher than the company's current trading price of around $160. The analysts cited the network technology company's robust product portfolio and market position as reasons for their 'buy' rating.

  • Benchmark initiated coverage on Palo Alto Networks on Wednesday, April 1, 2026.

The players

Palo Alto Networks

A cybersecurity company that develops a broad suite of security products and services designed to prevent cyberattacks and protect enterprise networks, clouds, and endpoints.

Benchmark

An equities research firm that began coverage on Palo Alto Networks shares with a 'buy' rating and $200 price target.

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The takeaway

Benchmark's positive coverage and price target for Palo Alto Networks suggests the analysts see strong growth potential for the company's security offerings, which could signal continued momentum for the cybersecurity firm.