ANALYST-DOWNGRADE ·Filed Sep 17, 2026
Bernstein double downgrade: Outperform → Market Perform
Latest settled — T+5d
PANW ▲ +3.96% at T+5d
SHORT call ✗ call lost -3.96% · α vs SPY -3.28% · entry $375.06 → $389.92
Latest observation: T+7 +0.85% FF3 residual α
T+1d
-3.06%
call +3.06% · α +2.94%
$363.58
settled 14d ago
T+5d
+3.96%
call -3.96% · α -3.28%
$389.92
settled 8d ago
T+20d
—
call — · α —
—
in 13d
T+60d
—
call — · α —
—
in 2mo
Price Chart
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Executive Summary
Bernstein double downgrade: Outperform → Market Perform
Impact Score
Base Score
3/7
LLM Adjustment
+0
Final Score
4/10
Consensus & Targets
Buy / Strong Buy
49 (78%)
Hold
13
Sell / Strong Sell
1
Total Analysts
50
Mean PT
$393.42
Median PT
$410.00
High PT
$475.00
Low PT
$190.00
Current Price
$375.65
Implied Upside
+4.7%
Recent Analyst Activity
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| 2026-09-17 | Bernstein | downgrade | Market Perform | $351.00 |
| 2026-09-03 | Argus Research | reiterate | Buy | $425.00 |
| 2026-09-02 | Citigroup | maintain | Buy | — |
| 2026-09-02 | Roth Capital | maintain | Neutral | $300.00 |
| 2026-09-02 | Oppenheimer | maintain | Outperform | $450.00 |
| 2026-09-02 | Piper Sandler | reiterate | Overweight | $410.00 |
| 2026-09-02 | DA Davidson | maintain | Buy | $420.00 |
| 2026-09-02 | Barclays | maintain | Overweight | $375.00 |
| 2026-09-02 | RBC Capital | maintain | Outperform | $475.00 |
| 2026-09-02 | Guggenheim | reiterate | Neutral | — |
Firm Track Record — Bernstein
Bernstein accuracy: 51% on 496 calls | avg return: 3.3%
Industry benchmark: mean 51% ± 11%. Top tier: ≥61% (mean + 1σ). Based on 15 firms with ≥5 scored calls.
| Firm | Accuracy | Calls | Avg Return | vs Average |
|---|---|---|---|---|
| HSBC | 100% | 3/3 | -1.6% | top tier |
| Stifel | 100% | 3/3 | 9.5% | top tier |
| Stephens & Co. | 100% | 2/2 | 12.7% | top tier |
| JP Morgan | 100% | 5/5 | 6.8% | top tier |
| Truist Securities | 80% | 4/5 | 7.3% | top tier |
| DA Davidson | 80% | 4/5 | 6.1% | top tier |
| Baird | 75% | 3/4 | 6.1% | top tier |
| Bernstein | 71% | 5/7 | 5% | top tier |
| Wedbush | 71% | 5/7 | 3.1% | top tier |
| RBC Capital | 71% | 5/7 | 4.8% | top tier |
Earnings Estimates
| Period | EPS Est. | EPS Range | Revenue | Revisions (7d) |
|---|---|---|---|---|
| +1y | $2.21 | $1.32 — $3.03 | $16.2B | ↑4 ↓0 |
| 0y | $4.19 | $4.15 — $4.57 | $14.2B | ↑37 ↓0 |
| 0q | $0.97 | $0.95 — $1.01 | $3.3B | ↑33 ↓0 |
| +1q | $0.43 | $0.24 — $0.99 | $3.4B | ↑3 ↓0 |
Cross-Platform Signals
Insider Trades (90d)
0 buys / 5 sells
Congressional
John McGuire (republican) — sell $1,001 - $15,000
Congressional
Josh Gottheimer (democrat) — buy $1,001 - $15,000
Congressional
Dan Newhouse (republican) — sell $1,001 - $15,000
Institutional
Alphadyne Asset Management LP — doubled (1776.6%)
Institutional
Centiva Capital, LP — add (35.3%)
Institutional
ABN AMRO INVESTMENT SOLUTIONS — add (45.3%)
Short Interest
Short: 1,256,878 | Exempt: 292 | TRF Vol: 1,936,720 | Short Ratio: 64.9% | Off-exchange volume (dark pool + OTC)
Investment Themes
Cybersecurity
Documents Analyzed
Report based on filing metadata.
14 reports for PANW
80% Hit rate best @ T+60▲ +98.31%
Filters
Rows
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 17, 2026 15d ago | ANALYST-DOWNGRADE | $375.06 $389.92 | ▼ −3.96% | ▼ −3.28% | $406.92 (−8.49%) |
Sep 1, 2026 4w ago | Press Release | $328.19 $338.49 | ▲ +3.14% | ▲ +4.10% | $406.92 (+23.99%) |
Aug 19, 2026 6w ago | Press Release | $358.63 $339.31 | ▼ −5.39% | ▼ −5.00% | $406.92 (+13.46%) |
Jul 8, 2026 12w ago | Insider Cluster | $338.31 $353.99 | ▲ +4.63% | ▲ +4.77% | $406.92 (+20.28%) |
Jul 1, 2026 13w ago | Insider Cluster | $348.06 $338.31 | ▼ −2.80% | ▼ −3.73% | $406.92 (+16.91%) |
Jul 1, 2026 13w ago | Insider Cluster | $348.06 $338.31 | ▼ −2.80% | ▼ −3.73% | $406.92 (+16.91%) |
Jul 1, 2026 13w ago | Insider Cluster | $348.06 $338.31 | ▼ −2.80% | ▼ −3.73% | $406.92 (+16.91%) |
Jun 16, 2026 15w ago | Insider Cluster | $282.13 $285.26 | ▲ +1.11% | ▲ +2.15% | $406.92 (+44.23%) |
Jun 2, 2026 17w ago | 8-K | $272.05 $279.62 | ▲ +2.78% | ▲ +2.21% | $406.92 (+49.57%) |
May 27, 2026 18w ago | Insider Cluster | $257.11 $278.71 | ▲ +8.40% | ▲ +8.08% | $406.92 (+58.26%) |
Showing 10 of 14
US Market Status
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