Palo Alto Networks, Inc. (NASDAQ:PANW) said its Observability unit surpassed $300M ARR in Q3 FY2026 after closing the January 2026 Chronosphere deal and earning Gartner and cost-control accolades, as Morgan Stanley kept an Overweight rating and raised its price target to $387.
Previous Week Recap
- Palo Alto Networks, Inc. Observability ARR Tops $300M: Palo Alto Networks (PANW) said its Observability unit topped $300M ARR in Q3 FY2026, closed the January 2026 Chronosphere deal, and received Gartner leadership and top cost-control rankings.
- Palo Alto Networks, Inc. PT Raised To $387: Morgan Stanley kept Overweight on Palo Alto Networks (PANW) and raised its price target to $387 from $320, signaling higher analyst valuation but unchanged rating.
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