Palo Alto Networks Gears Up For Q3 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts

Palo Alto Networks, Inc. PANW will release its third-quarter earnings results after the closing bell on Tuesday, May 20.

Analysts expect the Santa Clara, California-based company to report quarterly earnings at 77 cents per share. That's up from 66 cents per share in the year-ago period. According to data from Benzinga Pro, Palo Alto Networks projects to report quarterly revenue at $2.28 billion, compared to $1.98 billion a year earlier.

On April 28, Palo Alto Networks entered into a definitive agreement to acquire Protect AI.

Palo Alto Networks shares gained 0.7% to close at $194.30 on Monday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let's have a look at how Benzinga's most-accurate analysts have rated the company in the recent period.

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Cantor Fitzgerald analyst Jonathan Ruykhaver reiterated an Overweight rating with a price target of $223 on May 19, 2025. This analyst has an accuracy rate of 73%.
Jefferies analyst Joseph Gallo maintained a Buy rating and raised the price target from $215 to $225 on May 16, 2025. This analyst has an accuracy rate of 74%.
Roth Capital analyst Taz Koujalgi initiated coverage on the stock with a Neutral rating and a price target of $210 on May 15, 2025. This analyst has an accuracy rate of 81%.
Morgan Stanley analyst Hamza Fodderwala maintained an Overweight rating and slashed the price target from $230 to $205 on April 16, 2025. This analyst has an accuracy rate of 76%.
Stephens & Co. analyst Todd Weller initiated coverage on the stock with an Equal-Weight rating and a price target of $205 on April 1, 2025. This analyst has an accuracy rate of 68%

Considering buying PANW stock? Here’s what analysts think: