Wedbush set a new Street-high price target of $325 for Palo Alto Networks. The firm cited the company's strong position amid a surge in demand for AI-driven cybersecurity. Wedbush identified PANW as a clear winner from AI-related demand. The stock has risen over 70% in less than two months.
A challenging cybersecurity landscape supports this bullish outlook. Global cyberattacks reached a record weekly average in 2025. Industry forecasts project AI cybersecurity spending to more than double to over $51 billion by 2026. Wedbush believes increased enterprise spending on security platforms to counter new AI-related threats will directly benefit Palo Alto Networks.