TD Cowen and Cantor Fitzgerald Increase Fortinet (FTNT) Price Targets on Strong Security and AI Growth Outlook

According to TD Cowen, AI is the adjacent signifier of improvement for Fortinet Inc. (NASDAQ:FTNT), portion information halfway enlargement and sovereign SASE represent semipermanent tailwinds. The steadfast stated that its exemplary takes into relationship accrued representation prices and sees Fortinet's ASIC method arsenic advantageous.

Meanwhile, connected May 11, Cantor Fitzgerald boosted its terms people for Fortinet Inc. (NASDAQ:FTNT) to $110 from an unspecified erstwhile level, maintaining its Overweight standing for the company. The steadfast cited Fortinet's first-quarter fiscal 2026 results, which outperformed expectations crossed respective metrics.

Fortinet Inc. (NASDAQ:FTNT) besides accrued its fiscal 2026 forecast for each top-line measures. The institution present anticipates gross maturation of 15%, up from 13%, and billings maturation of 18%, up from 13%.

Fortinet Inc. (NASDAQ:FTNT) provides cybersecurity and convergence of networking and information solutions worldwide.

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