Northland Raises PT on Palo Alto Networks (PANW) to $190 From $177, Keeps a Market Perform Rating

Core Viewpoint - Palo Alto Networks, Inc. (NASDAQ:PANW) is considered a strong long-term investment option, with a recent price target increase from $177 to $190 by Northland, maintaining a Market Perform rating on the shares [1]. Financial Performance - For fiscal Q1 2026, Palo Alto Networks reported total revenue of $2.5 billion, a 16% increase year-over-year from $2.1 billion in fiscal Q1 2025 [3]. - The company expects fiscal Q2 2026 revenue to be between $2.57 billion and $2.59 billion, indicating a year-over-year growth of 14% to 15% [4]. Strategic Positioning - The strong fiscal start is attributed to excellent results across all metrics and significant platformization wins, supported by strategic acquisitions of CyberArk and Chronosphere [3]. - The company has raised its free cash flow margin assumption for fiscal years 2028-2038 to 40%, based on management's guidance and a stated floor of about 37% [2]. Market Segmentation - Palo Alto Networks provides network security solutions to service providers, enterprises, and government entities, with operations segmented into the United States, Israel, and Other Countries [4].