On June 29, Palo Alto Networks rose 3.57% in regular trading, trading at $320.98/share, with turnover of $301 million, continuing to set new multi-month highs.

On the news front, investment firm Arete raised its price target on Palo Alto Networks from $185 to $433, maintaining a Buy rating — an increase of over 130% that significantly exceeds the FactSet consensus target of $319.37. The upgrade follows the company's strong fiscal Q3 results, which showed revenue of $3.0 billion (up 31% year-over-year and above expectations), AI security ARR surging 60%, and full-year adjusted EPS guidance raised to $3.77–$3.79 versus the prior FactSet estimate of $3.68. Goldman Sachs, JPMorgan, and Argus had previously raised their targets to the $300–$330 range, reflecting broad institutional confidence in the company's platformization strategy and AI-driven cybersecurity demand momentum.

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