Palo Alto Networks stock gains as Morgan Stanley raises target

Published on 09/22/2026 at 12:08 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Palo Alto Networks stock closed at USD 371.76 on September 21, 2026, up 2.25 percent. Morgan Stanley lifted its target to USD 410 from USD 394.

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Palo Alto Networks, Inc. (ISIN US6974351057) closed at USD 371.76 on Nasdaq on September 21, 2026, up 2.25 percent from the previous close. The immediate catalyst was Morgan Stanley's higher valuation view, while the company's latest reported figures point to continued demand for cybersecurity services.

Morgan Stanley raises target

According to News Futunn on September 22, 2026, Morgan Stanley raised its Palo Alto Networks price target from USD 394 to USD 410 and maintained an Overweight rating. The USD 16 increase represents a 4.1 percent rise in the target itself, while the new target is 10.3 percent above the September 21 closing price.

The stock's recent range shows why the target revision matters. MarketBeat data for September 21, 2026, put the 52-week range at USD 139.57 to USD 398.88, leaving the close 6.8 percent below the yearly high and 166.4 percent above the low.

Revenue reaches USD 3.41 billion

According to Yahoo Finance on September 21, 2026, Palo Alto Networks reported fourth-quarter revenue of USD 3.41 billion, up 34 percent year over year. The same report said Next-Generation Security annual recurring revenue reached USD 9.1 billion, an increase of 63 percent.

The operating comparison is the central support for the higher target: revenue growth of 34 percent was accompanied by recurring-revenue growth nearly twice as high at 63 percent. For fiscal 2027, the company expects revenue of USD 14.1 billion to USD 14.2 billion, representing growth of 23 percent to 24 percent according to the same September 21 report.

Stock remains below yearly high

Nasdaq trading data compiled by MarketBeat showed a September 21 close of USD 371.76, a session range of USD 357.59 to USD 374.56, and volume of 5.14 million shares. The 52-week high was USD 398.88, so the closing price remained USD 27.12 below that level.

The market is therefore weighing two different signals: the stock is near its yearly high after a 166.4 percent rise from the 52-week low, but Morgan Stanley's revised target still implies 10.3 percent upside from the latest completed close. The valuation case depends on the company sustaining the 23 percent to 24 percent fiscal 2027 revenue outlook and converting the 63 percent recurring-revenue growth into durable earnings.

Nasdaq close sets the reference

Palo Alto Networks stock closed at USD 371.76 on Nasdaq on September 21, 2026. The same market snapshot showed a daily gain of 2.25 percent, a 52-week range of USD 139.57 to USD 398.88, and volume of 5.14 million shares.