PANW
Another “we still like it” note
Palo Alto Networks just got a fresh thumbs-up from Cantor Fitzgerald, which reiterated an Overweight rating and kept its $220 price target in place. Translation: the firm still thinks the cybersecurity heavyweight has room to run, even after the latest deal chatter.
The Koi deal is now in the rearview mirror
The catalyst here is Palo Alto’s completed ~$400 million acquisition of Koi, an Israeli enterprise endpoint and software supply chain security company. In plain English, Palo Alto is doing what big cybersecurity platforms tend to do: buying more pieces of the security puzzle so customers can get the whole buffet from one vendor.
Why investors should care
For shareholders, this is less about a single analyst note and more about the bigger storyline. Palo Alto is still proving it wants to grow by acquisition, and the Street is saying, basically, “fine, just keep the engine humming.”
- Cantor’s price target implies more upside from here if execution holds.
- The Koi acquisition could deepen Palo Alto’s product stack in endpoint and supply-chain security.
- The note also references Palo Alto’s second-quarter fiscal 2026 results, which apparently came in better than expected — always nice when the numbers don’t show up in clown shoes.
Big picture
This is one of those classic Wall Street moments where the message is: the stock is expensive, the company is still buying, and analysts still think the growth story has legs. If Palo Alto keeps turning acquisitions into cross-sell fuel, the market may keep letting it play the “cybersecurity platform of doom” role.