TD Cowen Calls Fortinet, Inc. (FTNT)’s Valuation Reasonable at Current Levels

TheFly reported connected January 23 that TD Cowen expert Shaul Eyal upgraded FTNT to Buy from Hold with an unchanged terms people of $100. The firm’s transmission checks indicate stability passim fiscal 2026, with upside imaginable for Q4 billings and revenue, and the anticipation that the company’s 11.6% billings estimation for 2026 could beryllium revised higher. Eyal noted that artificial quality is “not eating information bundle but alternatively augmenting it” and described Fortinet’s existent valuation arsenic “reasonable.”

Similarly, connected the aforesaid day, connected January 23, Oppenheimer maintained its Perform standing connected Fortinet, Inc. (NASDAQ:FTNT). The steadfast noted that portion firewall stock dynamics were unchangeable successful Q4 2025, the 2026 End-of-Service (EoS) refresh accidental is declining. Oppenheimer consequently reduced its forecast for the maturation of merchandise and services gross successful 2026 and anticipates that services would dilatory down successful the archetypal fractional of 2026 earlier picking up velocity successful the second. The institution described Fortinet arsenic a “mixed story” wide and noted that SASE maturation should amended successful the adjacent aboriginal arsenic Lacework stabilizes.

Fortinet, Inc. (NASDAQ:FTNT) is simply a U.S. cybersecurity and web information institution that develops and sells integrated information solutions, specified arsenic firewalls, endpoint protection, and menace detection, to support enterprises, work providers, and authorities organizations worldwide.

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Disclosure: None.