Palo Alto Networks, Inc. (NASDAQ:PANW) has gained more than 96% over the past 6 months and roughly 24% since the release of its fiscal Q3 2026 earnings on June 3. Palo Alto Networks, Inc. (NASDAQ:PANW) is one of our Best Performing Agentic AI Stocks to Buy. The company ranks among Agentic AI stocks as it builds security for agentic AI and also embeds agents to its platform, for instance, Prisma AIRS 3.0 is designed to secure Agentic AI lifecycles.

​During the quarter, the company posted $3 billion in revenue and topped the expectations of $2.94 billion. The EPS of $0.85 also topped the expectations of $0.80. Notably, the company's next-generation security ARR grew 60% year-over-year to reach $8.1 billion. Moreover, the total platform customers grew to 2,280 compared to 1,250 a year ago. The company raised its fiscal year 2026 revenue guidance to between $11.415 billion and $11.425 billion, alongside an increased non-GAAP EPS outlook of $3.77 to $3.79.

​Recently, on July 1, Wells Fargo raised its price target on Palo Alto Networks, Inc. (NASDAQ:PANW) to $420 from $325, keeping an Overweight rating. The firm noted adding the company to its Q3 tactical ideas list and cited a clear catalyst path ahead. The firm expects the long-running debate over organic versus inorganic growth to fade. It sees new reporting segmentation as a move made from strength, not necessity. Wells Fargo noted that with clearer segment disclosure, investors will be better able to align the narrative with the actual numbers.

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.

While we acknowledge the potential of PANW as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 10 Good Stocks to Invest in Now and 10 Most Undervalued US Stocks According to Hedge Funds.

Disclosure: None. Follow Insider Monkey on Google News.