Phillip Securities cuts Palo Alto Networks stock to Neutral

Published on 10/23/2026 at 11:10 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Phillip Securities cut its rating from Buy to Neutral at USD 346.00 on October 13, 2026. Palo Alto Networks stock trades at EUR 318.10 on October 23, 2026.

Rating reset and operating growth

Phillip Securities cut its rating from Buy to Neutral at USD 346.00 on October 13, 2026.
Palo Alto Networks reported USD 3.41 billion in fourth-quarter fiscal 2026 revenue, up 34.50 percent year over year.
Palo Alto Networks stock traded at EUR 318.10 at 11:04 a.m. CEST on October 23, 2026, at Lang & Schwarz.

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Palo Alto Networks (ISIN US6974351057) faced a downgrade on October 13, 2026, when Phillip Securities cut its rating from Buy to Neutral and set a USD 346.00 target, as Yahoo Finance reported. The decision put valuation against a still expanding operating base.

What does the downgrade change?

Phillip Securities cited valuation pressure after Palo Alto Networks had traded at 97 times earnings against a five-year average of 54 times, according to Yahoo Finance. The USD 346.00 target was about 17 percent below the previous Nasdaq session close of USD 418.78 cited in the report, making the rating change more than a routine label adjustment.

Palo Alto Networks had reported USD 3.41 billion in revenue for the fourth quarter of fiscal 2026, up 34.50 percent from the prior-year quarter. Adjusted earnings per share reached USD 1.02 versus a USD 0.98 consensus, while the company posted a USD 0.35 diluted loss per share under the standardized fiscal data for the same period. MarketBeat also reported the revenue and adjusted earnings comparison.

Three dated signals for PANW

On September 1, 2026, Palo Alto Networks reported USD 3.41 billion in quarterly revenue and USD 1.02 in earnings per share, according to MarketBeat. On September 2, 2026, Goldman Sachs reaffirmed a buy rating and raised its target from USD 371.00 to USD 390.00 in the same source. On October 13, 2026, Phillip Securities cut its rating from Buy to Neutral and set a USD 346.00 target, as Yahoo Finance reported.

Upcoming reporting dates

TradingView lists November 12, 2026 as the next earnings report date, while Gekko lists November 18, 2026. Both dates point to the next quarterly reporting window for investors tracking whether revenue growth can offset valuation concerns.

Price holds the market lens

On Nasdaq, Palo Alto Networks last traded at USD 357.63 on October 22, 2026, while its market value was USD 291.46 billion, according to a dated market report. Palo Alto Networks was trading at EUR 318.10 at Lang & Schwarz on October 23, 2026 at 11:04 a.m. CEST. The further course of trading is shown by the continuously updated real-time quote of Palo Alto Networks stock.