Fortinet Price Target Raised to $95 by BMO
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 11 hours ago
0mins
Should l Buy FTNT?
Source: Yahoo Finance
- Analyst Rating Upgrade: Citi analyst Fatima Boolani raised Fortinet's price target from $85 to $90 while maintaining a Neutral rating, reflecting cautious optimism in the market with an expected upside of 6.81%.
- Earnings Beat Expectations: BMO Capital increased Fortinet's price target to $95, highlighting the company's fourth-quarter results that exceeded expectations, indicating strong performance across key metrics that may attract more investor interest.
- Optimistic Growth Outlook: Fortinet's management projects FY26 billings growth of 13% YoY, surpassing the street forecast of 11%, suggesting sustained growth potential in the cybersecurity sector, despite disappointing service growth.
- Market Opportunity Analysis: While Fortinet's prospects in the SASE space are viewed positively, analysts note that certain AI stocks may offer greater upside potential and lower downside risk, urging investors to choose wisely.
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Analyst Views on FTNT
Wall Street analysts forecast FTNT stock price to rise
24 Analyst Rating
3 Buy
18 Hold
3 Sell
Hold
Current: 80.690
Low
70.00
Averages
84.18
High
100.00
Current: 80.690
Low
70.00
Averages
84.18
High
100.00
About FTNT
Fortinet, Inc. is engaged in cybersecurity, driving the convergence of networking and security. The Company’s integrated platform, Fortinet Security Fabric, spans secure networking, unified Secure Access Service Edge (SASE) and artificial intelligence (AI)-driven security operations (SecOps). Its products and services include FortiOS, FortiASIC, FortiCloud, FortiAI, FortiEndpoint, and OT Security. The FortiGuard Labs is a cybersecurity threat intelligence and research organization comprised of experienced threat hunters, researchers, analysts, engineers and data scientists who develop and utilize machine learning and AI technologies. FortiGuard and Other Security Services are a suite of AI-powered security capabilities that are integrated as part of the Fortinet Security Fabric to deliver coordinated detection and enforcement across the entire attack surface. FortiCare Technical Support Service is a per-device technical support service. It also operates Fortinet Training Institute.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- QPA Platform Upgrade: Quantum Secure Encryption Corp. announced enhancements to its Quantum Preparedness Assessment (QPA) platform, providing structured visibility into post-quantum cryptographic readiness, helping enterprises evaluate long-term cryptographic risk exposure amid accelerating quantum threats.
- International Expansion Strategy: The company renewed its enterprise agreement with The Muthoot Group in India, covering approximately 14,000 user licenses, and signed a three-year security agreement with three Brazilian government clients, further solidifying its position in international markets.
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- Surging Market Demand: Global IT spending is projected to reach $6.15 trillion in 2026, with data center investments exceeding $650 billion, indicating a pressing need for security solutions as enterprises accelerate AI infrastructure buildouts.
- QPA Platform Upgrade: Quantum Secure Encryption Corp. announced enhancements to its Quantum Preparedness Assessment (QPA) platform, providing structured visibility into enterprises' post-quantum cryptographic readiness, which aids organizations in clarifying priorities and planning migration strategies.
- International Market Expansion: The company renewed its agreement with The Muthoot Group in India, covering approximately 14,000 user licenses, and signed a three-year security agreement with three Brazilian government clients for about 4,500 user licenses, showcasing rapid growth in its international business.
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- Earnings Beat Expectations: BMO Capital increased Fortinet's price target to $95, highlighting the company's fourth-quarter results that exceeded expectations, indicating strong performance across key metrics that may attract more investor interest.
- Optimistic Growth Outlook: Fortinet's management projects FY26 billings growth of 13% YoY, surpassing the street forecast of 11%, suggesting sustained growth potential in the cybersecurity sector, despite disappointing service growth.
- Market Opportunity Analysis: While Fortinet's prospects in the SASE space are viewed positively, analysts note that certain AI stocks may offer greater upside potential and lower downside risk, urging investors to choose wisely.
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- Surging Market Demand: Global IT spending is projected to reach $6.15 trillion in 2026, with data center investments exceeding $650 billion, indicating a pressing need for security solutions as enterprises accelerate AI infrastructure buildouts.
- QPA Platform Upgrade: Quantum Secure Encryption Corp. announced enhancements to its Quantum Preparedness Assessment (QPA) platform, providing structured visibility into post-quantum cryptographic readiness, helping enterprises evaluate long-term cryptographic risk exposure amid accelerating quantum threats.
- International Expansion Strategy: The company renewed its enterprise agreement with The Muthoot Group in India, covering approximately 14,000 user licenses, and signed a three-year security agreement with three Brazilian government clients, further solidifying its position in international markets.
- Technology Platform Development: The enhanced QPA platform integrates compliance status dashboards, migration progress visualizations, and risk indicators to support internal governance decision-making, showcasing the company's technological leadership and the establishment of market education infrastructure in quantum security.
See More
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- Surging Market Demand: Global IT spending is projected to reach $6.15 trillion in 2026, with data center investments exceeding $650 billion, indicating a pressing need for security solutions as enterprises accelerate AI infrastructure buildouts.
- QPA Platform Upgrade: Quantum Secure Encryption Corp. announced enhancements to its Quantum Preparedness Assessment (QPA) platform, providing structured visibility into enterprises' post-quantum cryptographic readiness, which aids organizations in clarifying priorities and planning migration strategies.
- International Market Expansion: The company renewed its agreement with The Muthoot Group in India, covering approximately 14,000 user licenses, and signed a three-year security agreement with three Brazilian government clients for about 4,500 user licenses, showcasing rapid growth in its international business.
- Technology Platform Development: QSE's technology platform includes a quantum-resilient key SDK and various security tools aimed at capturing enterprise adoption opportunities arising from accelerating quantum threats, with the post-quantum cryptography market expected to reach $17.69 billion by 2034.
See More
Fortinet Price Target Raised to $95 by BMO
- Analyst Rating Upgrade: Citi analyst Fatima Boolani raised Fortinet's price target from $85 to $90 while maintaining a Neutral rating, reflecting cautious optimism in the market with an expected upside of 6.81%.
- Earnings Beat Expectations: BMO Capital increased Fortinet's price target to $95, highlighting the company's fourth-quarter results that exceeded expectations, indicating strong performance across key metrics that may attract more investor interest.
- Optimistic Growth Outlook: Fortinet's management projects FY26 billings growth of 13% YoY, surpassing the street forecast of 11%, suggesting sustained growth potential in the cybersecurity sector, despite disappointing service growth.
- Market Opportunity Analysis: While Fortinet's prospects in the SASE space are viewed positively, analysts note that certain AI stocks may offer greater upside potential and lower downside risk, urging investors to choose wisely.
See More
US Stock Markets Rise on Positive Economic Data
- Strong Economic Data: US December capital goods new orders rose 0.6% month-over-month, exceeding expectations of 0.3%, indicating a rebound in capital spending that could further boost stock markets.
- Housing Market Recovery: December housing starts increased by 6.2% month-over-month to 1.404 million, significantly surpassing the expected 1.304 million, suggesting a recovery in the real estate market that may enhance investment confidence in related sectors.
- Manufacturing Production Growth: January manufacturing production rose 0.6% month-over-month, beating expectations of 0.4%, marking the largest increase in 11 months, which could strengthen market confidence in economic recovery.
- Optimistic Corporate Earnings: Over 75% of S&P 500 companies reported earnings that exceeded expectations, with Q4 earnings growth projected at 8.4%, reflecting ongoing improvements in corporate profitability that may further drive stock market gains.
See More
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- Strong Earnings Report: Palo Alto Networks reported a revenue of $2.59 billion for Q2 FY2026, reflecting a 15% year-over-year increase, surpassing the $2.58 billion consensus estimate, indicating robust performance in the cybersecurity sector.
- Earnings Per Share Growth: The company achieved a 27% year-over-year increase in earnings per share (EPS) to $1.03, exceeding analyst expectations of 94 cents, showcasing improved profitability, yet the market reacted negatively to future guidance.
- Guidance Downgrade Impact: Despite management raising current quarter and full-year revenue forecasts, the stock fell over 8% in after-hours trading due to a lowered outlook on future earnings, highlighting market concerns about profitability.
- AI-Driven Growth Potential: CEO Nikesh Arora emphasized that AI adoption is expanding the attack surface, increasing demand for comprehensive platform security solutions, which is expected to drive higher customer demand and revenue growth in the future.
See More
Stocks Are Exhibiting Uncommon Behavior, Indicating Potential Opportunities.
- Stock Market Volatility: Individual stock returns have been inconsistent, creating potential buying opportunities for investors.
- Investment Opportunities: Cybersecurity and financial services sectors are highlighted as promising areas for investment.
See More
