Analysts Bullish on Palo Alto (PANW) as ARR Target of $15B by 2030 Remains on Track

Palo Alto Networks, Inc. (NASDAQ:PANW) ranks among the best software stocks to buy right now. In light of Palo Alto Networks, Inc. (NASDAQ:PANW)’s fourth-quarter fiscal performance, TD Cowen reaffirmed its Buy rating on the company on August 19 with a $230 price target. According to TD Cowen, the macroeconomic climate appears to be favorable for the cybersecurity company.

The firm emphasized that management is on track to meet its $15 billion annual recurring revenue target by fiscal year 2030, thanks to solid execution and rising platform metrics. Solid fundamentals were also cited as bolstering a more optimistic view for fiscal year 2026.

Palo Alto Networks, Inc. (NASDAQ:PANW)’s acquisition of CyberArk has also garnered strong feedback from TD Cowen, which noted that the combined company’s free cash flow margin is anticipated to surpass 40% in fiscal year 2028.

Palo Alto Networks, Inc. (NASDAQ:PANW) is a leading cybersecurity company that provides a variety of products such as firewalls, malware protection, and cloud security.

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Disclosure: None. This article is originally published at Insider Monkey.