Arete Double Upgrades Palo Alto Networks, Inc. (PANW) to Buy From Sell - Here's Why

Palo Alto Networks, Inc. (NASDAQ:PANW) is one of the best stocks with huge upside potential to buy according to Reddit.

Arete double upgraded Palo Alto Networks, Inc. (NASDAQ:PANW) to Buy from Sell on March 3, adjusting the price target on the stock to $185 from $150. The firm stated that the shares are pricing in both integration "friction" and structural deceleration, with the latter overdone in the current share price. Arete believes that agentic AI is expanding the "attack surface, not compressing cybersecurity budgets".

In another development, Wells Fargo initiated coverage of Palo Alto Networks, Inc. (NASDAQ:PANW) with an Overweight rating on March 2, setting a price target of $200. The firm told investors in a research note that it believes the recent pullback in the shares has created a favorable entry point, with Palo Alto Networks, Inc. (NASDAQ:PANW) holding exposure to nearly every major secular trend in cybersecurity.

The rating update came after Palo Alto Networks, Inc. (NASDAQ:PANW) announced on March 2 an expanded security ecosystem designed to protect a new industrial backbone, unveiling four collaborations at Mobile World Congress 2026 with Nokia, U Mobile, Aeris, and Celerway. It stated that the collaboration allows enterprises to enable sovereign AI and secure the autonomous edge without compromising performance.

Palo Alto Networks, Inc. (NASDAQ:PANW) provides network security solutions to service providers, enterprises, and government entities. Its operations are divided into the following geographical segments: the United States, Israel, and Other Countries.

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: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money.

Disclosure: None.