Palo Alto Networks (PANW) is slated to report fiscal third-quarter earnings after the closing bell Tuesday, with analysts mostly bullish on the cybersecurity company's stock.

Of the 18 analysts covering Palo Alto Networks tracked by Visible Alpha, 11 have a “buy” or equivalent rating for the stock, while the other seven have “hold” ratings. Their average price target near $209 would suggest close to 8% upside from Monday's closing price of $194.30. The stock has climbed about 7% in 2025 so far.

Jefferies analysts on Friday lifted their price target to $225 from $215, expecting the company to benefit from strong growth and limited exposure to macroeconomic pressures.

"We see [Palo Alto Networks'] enterprise customer base as an advantage in volatile macro times," the analysts said, and pointed to an "appetite to buy/upgrade" among cybersecurity customers.

Analysts on average expect the company to report quarterly revenue of $2.28 billion, up 15% year-over-year, and adjusted net income of $542.3 million, or 77 cents per share, up from $454.9 million, or 66 cents per share, a year earlier.

UPDATE—May 19, 2025: This article has been updated since it was first published to reflect more recent analyst estimates and share price values.