PANW Stock Forecast & Price: Based on the Palo Alto Networks Inc stock forecasts from 25 analysts, the average analyst target price for Palo Alto Networks Inc is USD 647.95 over the next 12 months. Palo Alto Networks Inc’s average analyst rating is Strong Buy. Stock Target Advisor’s own stock analysis of Palo Alto Networks Inc is Slightly Bullish , which is based on 5 positive signals and 4 negative signals. At the last closing, Palo Alto Networks Inc’s stock price was USD 569.51. Palo Alto Networks Inc’s stock price has changed by +8.57% over the past week, +11.41% over the past month and +52.86% over the last year.

1. Page 1 of 9 Any information in this report is not , and should not be regarded as investment advice or as a recommendation regarding any particular security or course of
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PANW:NSD (Palo Alto Networks Inc)
Software-Infrastructure | NSD | Common Stock
Values as of 23rd Aug, 2022
Stock Target Advisor
Detailed Stock Report
Report Date: 24th August, 2022
Last Close
USD 569.51
Change
+61.46(+12.10%)
Market Cap
USD 50.96B
1 Yr Capital Gain
28.89%
1 Yr Dividend Return
N/A
1 Yr Total
Return
28.89%
Earning Growth (5 yr)
-120.85%
Average Target Price
647.95(+13.77% )
Average Analyst
Rating
Strong Buy
Fundamental
Analysis
Slightly Bullish
Our view of the stock is Slightly Bullish with a score of 5.6 out of 10, where 0 is very bearish and 10 very bullish
What to like
High market capitalization
This is one of the largest entities in its sector and is among the top quartile. Such companies tend to be more stable.
Superior risk adjusted returns
This stock has performed well, on a risk adjusted basis, compared to its sector peers(for a hold period of at least 12 months) and is in the top quartile.
Positive cash flow
The company had positive total cash flow in the most recent four quarters.
Positive free cash flow
The company had positive total free cash flow in the most recent four quarters.
Superior Revenue Growth
This stock has shown top quartile revenue growth in the previous 5 years compared to its sector.
What to not like
Overpriced compared to book value
The stock is trading high compared to its peers median on a price to book value basis.
Overpriced on cashflow basis
The stock is trading high compared to its peers on a price to cash flow basis. It is priced above the median for its sectors. Proceed with caution if you are considering
to buy.
Highly leveraged
The company is in the bottom half compared to its sector peers on debt to equity and is highly leveraged. However, do check the news and look at its sector and
management statements. Sometimes this is high because the company is trying to grow aggressively.
Overpriced on free cash flow basis
The stock is trading high compared to its peers on a price to free cash flow basis. It is priced above the median for its sectors. Proceed with caution if you are
considering to buy.

2. Page 2 of 9 Any information in this report is not , and should not be regarded as investment advice or as a recommendation regarding any particular security or course of
action. We recommend seeking a licensed professional for investment advice.
PANW:NSD (Palo Alto Networks Inc)
Software-Infrastructure | | Common Stock
Stock Target Advisor
Detailed Stock Report
Report Date: 24th August, 2022
Adjusted Closing Share Volume
Relative Returns Relative Performance (Total Returns)
Security Capital Gain Dividend Return Total Return
PANW
Palo Alto Networks Inc
+52.9% 0 +52.9%
QQQ
Invesco QQQ Trust
-15.8% +0.4% -15.5%
Company Overview
Palo Alto Networks, Inc. provides cybersecurity solutions worldwide. The company offers firewall appliances and software; Panorama, a
security management solution for the control of firewall appliances and software deployed on an end-customer's network and instances in
public or private cloud environments, as a virtual or a physical appliance; and virtual system upgrades, which are available as extensions to
the virtual system capacity that ships with physical appliances. It also provides subscription services covering the areas of threat prevention,
malware and persistent threat, uniform resource locator filtering, laptop and mobile device protection, and firewall; and DNS security,
Internet of Things security, SaaS security API, and SaaS security inline, as well as threat intelligence, and data loss prevention. In addition,
the company offers cloud security, secure access, security analytics and automation, and threat intelligence and cyber security consulting;
professional services, including architecture design and planning, implementation, configuration, and firewall migration; education services,
such as certifications, as well as online and in-classroom training; and support services. Palo Alto Networks, Inc. sells its products and
services through its channel partners, as well as directly to medium to large enterprises, service providers, and government entities
operating in various industries, including education, energy, financial services, government entities, healthcare, Internet and media,
manufacturing, public sector, and telecommunications. The company was incorporated in 2005 and is headquartered in Santa Clara,
California.

3. Page 3 of 9 Any information in this report is not , and should not be regarded as investment advice or as a recommendation regarding any particular security or course of
action. We recommend seeking a licensed professional for investment advice.
Company Website
https://www.paloaltonetworks.com
Address
3000 Tannery Way, Santa Clara, CA, United States, 95054
Fiscal Year End
July
Employees
11870
Technical Indicators
Value Value
Beta 1.18 52 Week High 640.90
Short Ratio 5.82 52 Week Low 421.55
Shorted Shares 6,954,194 200 Day Moving Average 529.05
Shorted Shares Previous Month 7,261,762 50 Day Moving Average 503.55
Shares Held By Insiders 178.90% Short Percentage 7.00%
Shares Held by Institutions 89.71 Dividend Yield N/A

4. Page 4 of 9 Any information in this report is not , and should not be regarded as investment advice or as a recommendation regarding any particular security or course of
action. We recommend seeking a licensed professional for investment advice.
PANW:NSD (Palo Alto Networks Inc)
Software-Infrastructure | | Common Stock
Stock Target Advisor
Detailed Stock Report
Report Date: 24th August, 2022
Market Performance
Market Performance vs. Industry / Classification (Software-Infrastructure) Market Performance vs. Exchange (Nasdaq Global Select)
Value Sector Median
Percentile
Rank
Grade Market Median Percentile Rank Grade
YTD
Capital Gain 2.29% -32.3% 90% -18.4% 86%
Dividend Return N/A 0.9% N/A 1.4% N/A
Total Return 2.29% -32.3% 90% -17.2% 85%
Trailing 12 Months
Capital Gain 28.89% -38.8% 95% -21.2% 94%
Dividend Return N/A 2.0% N/A 2.4% N/A
Total Return 28.89% -38.4% 95% -18.9% 94%
Trailing 5 Years
Capital Gain 332.30% 26.4% 86% 7.0% 93%
Dividend Return N/A 12.7% N/A 10.9% N/A
Total Return 332.30% 26.4% 86% 17.4% 93%
Average Annual (5 Year Horizon)
Capital Gain 35.92% 13.3% 73% 0.4% 87%
Dividend Return N/A 2.2% N/A 1.8% N/A
Total Return 35.92% 13.3% 72% 1.6% 86%
Risk Return Profile
Volatility (Standard
Deviation)
33.46% 38.4% 59% 32.8% 49%
Risk Adjusted Return 107.35% N/A 92% 14.3% 99%
Market Capitalization 50.96B 1.67B 96% 0.36B 98%

5. Page 5 of 9 Any information in this report is not , and should not be regarded as investment advice or as a recommendation regarding any particular security or course of
action. We recommend seeking a licensed professional for investment advice.
Key Financial Ratios
Ratios vs. Industry / Classification (Computer Hardware) Ratios vs. Exchange (Nasdaq Global Select)
Value Sector Median
Percentile
Rank
Grade Market Median Percentile Rank Grade
Market Value
peratio N/A 41.5 N/A 16.8 N/A
pbratio 151.8 5.1 4% 1.8 1%
pcfratio 33.9 12.8 28% -0.1 9%
pfcfratio 826.7 -0.6 1% 0.5 0%
Management Effectiveness
retequity -58.38% -18.3% 26% -0.9% 21%
retinvcap -8.27% -4.7% 47% -0.5% 38%
retass -1.40% -4.4% 61% -0.1% 44%
debtequityratio 218.45% 44.7% 11% 32.6% 10%
Technical Ratios
yield N/A 1.8% N/A 2.7% N/A
sratio 5.82 4.69 36% 3.66 32%
spercent 7.10% 3.6% 21% 2.8% 25%
beta 1.18 1.04 39% 1.07 41%

6. Page 6 of 9 Any information in this report is not , and should not be regarded as investment advice or as a recommendation regarding any particular security or course of
action. We recommend seeking a licensed professional for investment advice.
PANW:NSD (Palo Alto Networks Inc)
Software-Infrastructure | | Common Stock
Stock Target Advisor
Detailed Stock Report
Report Date: 24th August, 2022
Recent Analyst Ratings
Price Action Rating Action Analyst Rating Price date
Maintains Wolfe Research Outperform USD 700 » USD 715 2022-08-23
Target Raised by Evercore ISI USD 620 2022-08-23
Maintains Guggenheim Securities Buy USD 625 » USD 640 2022-08-23
Maintains Northland Capital Outperform USD 728 » USD 733 2022-08-23
Maintains RBC Royalbank Outperform USD 680 » USD 700 2022-08-23
Maintains Stifel Nicolaus Research Buy USD 600 » USD 645 2022-08-23
Maintains Mizuho Securities Buy USD 600 » USD 660 2022-08-23
Target Up Jefferies Financial LLC USD 650 2022-08-23
Maintains BMO Financial Outperform USD 650 » USD 675 2022-08-23
Maintains Citigroup Buy USD 605 » USD 640 2022-08-23
Maintains KeyBanc Overweight USD 630 » USD 680 2022-08-23
Maintains Deutsche Bank Capital Buy USD 605 » USD 625 2022-08-23
Maintains UBS Neutral USD 545 » USD 590 2022-08-23
Maintains Wedbush Outperform USD 580 » USD 620 2022-08-23
Maintains Credit Suisse Outperform USD 635 » USD 685 2022-08-23
Maintains Piper Sandler Overweight USD 650 » USD 690 2022-08-23
Maintains Barclays Overweight USD 605 » USD 695 2022-08-23
Maintains Raymond James Capital Outperform USD 610 » USD 640 2022-08-23
Maintains Wells Fargo Overweight USD 700 » USD 750 2022-08-23
Target Down Barclays USD 605 2022-08-15
Initiated by Guggenheim Securities Buy USD 625 2022-08-12
Initiated by Wolfe Research Outperform USD 700 2022-08-01
Target Lowered by Citigroup USD 610 » USD 605 2022-07-22
Target Lowered by Piper Sandler USD 675 » USD 650 2022-07-13
Target Raised by BMO Financial Outperform USD 615 » USD 650 2022-07-08

7. Page 7 of 9 Any information in this report is not , and should not be regarded as investment advice or as a recommendation regarding any particular security or course of
action. We recommend seeking a licensed professional for investment advice.
PANW:NSD (Palo Alto Networks Inc)
Software-Infrastructure | | Common Stock
Stock Target Advisor
Detailed Stock Report
Report Date: 24th August, 2022
Annual Financial (USD)

8. Page 8 of 9 Any information in this report is not , and should not be regarded as investment advice or as a recommendation regarding any particular security or course of
action. We recommend seeking a licensed professional for investment advice.
PANW:NSD (Palo Alto Networks Inc)
Software-Infrastructure | | Common Stock
Stock Target Advisor
Detailed Stock Report
Report Date: 24th August, 2022
Quarterly Financial (USD)

9. Page 9 of 9 Any information in this report is not , and should not be regarded as investment advice or as a recommendation regarding any particular security or course of
action. We recommend seeking a licensed professional for investment advice.
PANW:NSD (Palo Alto Networks Inc)
Software-Infrastructure | | Common Stock
Stock Target Advisor
Detailed Stock Report
Report Date: 24th August, 2022
Largest Industry Peers for Software-Infrastructure
Symbol Company Name Price(Change) Market Cap
MSFT Microsoft Corporation -1.31 (-0.5%) USD 2,071.43B
ADBE Adobe Systems Incorporated -0.94 (-0.2%) USD 192.51B
SNPS Synopsys Inc +0.90 (+0.3%) USD 54.78B
CRWD Crowdstrike Holdings Inc +6.48 (+3.5%) USD 44.21B
FTNT Fortinet Inc +0.27 (+0.5%) USD 39.68B
ZS Zscaler Inc +2.35 (+1.4%) USD 23.58B
MDB MongoDB -3.50 (-1.1%) USD 22.96B
VRSN VeriSign Inc -1.83 (-0.9%) USD 21.89B
SPLK Splunk Inc +2.04 (+1.9%) USD 16.94B
CHKP Check Point Software Technolog.. +0.23 (+0.2%) USD 15.52B
ETFs Containing PANW
Symbol Company Name Weight Mer Price(Change) Market Cap
FXL First Trust Technology AlphaDE.. 0.00 % 0.63 % -0.09 (-0.8%) USD 1.14B
CYBR-U:CA Evolve Cyber Security Index Fu.. 0.00 % 0.00 % N/A N/A
SKYY:LSE HAN-GINS Cloud Technology Equa.. 0.00 % 0.00 % +0.06 (+-0.8%) USD 0.02B
USPY:LSE L&G Cyber Security UCITS ETF 0.00 % 0.00 % +0.33 (+-0.8%) USD 2.61B
WTAI:LSE WisdomTree Artificial Intellig.. 0.00 % 0.00 % +0.35 (+-0.8%) USD 0.33B
2B79:XETRA iShares Digitalisation UCITS A.. 0.00 % 0.00 % -0.05 (-0.8%) USD 1.14B
EL41:XETRA Deka MSCI USA MC UCITS ETF 0.00 % 0.00 % -0.47 (-0.8%) USD 0.04B
IS4S:XETRA iShares Digital Security UCITS.. 0.00 % 0.00 % +0.02 (+-0.8%) USD 1.73B
USPY:XETRA L&G Cyber Security UCITS ETF 0.00 % 0.00 % +0.25 (+-0.8%) USD 2.61B
BKMC BNY Mellon US Mid Cap Core Equ.. 0.00 % 0.00 % -0.06 (-0.8%) N/A
The Stock Target Advisor platform run millions of calculations every day on over 30,000 Canadian and American stocks, comparing and
ranking their financial and market performance against their sectors and exchange.
We represent the percentile ranking using the following grading system.
Letter Grade Percentage Letter Grade Percentage Letter Grade Percentage
A+ 97%-100% A 93%-96% A- 90%-92%
B+ 97%-89% B 83%-86% B- 80%-82%
C+ 77%-79% C 73%-76% C- 70%-72%
D+ 67%-69% D 63%-66% D- 60%-62%
F 0%-59%