KeyBanc reports improving partner checks, faster security spending, and customers favoring Palo Alto’s security platform. Budgets could still fail to improve, but the survey and the firm’s sales and profit forecasts point to stronger demand.
More security spending and customers choosing bundled security tools could help Palo Alto win sales. Security leaders told KeyBanc they expect budget growth to rise from mid-single digits in 2026 to above 20% in 2027, and partner checks improved.
KeyBanc names CrowdStrike as a likely winner as customers consolidate security vendors, and Rosenblatt raised its share target. These are analyst views, not proof of future sales growth.
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