Stifel raised the firm’s price target on Fortinet (FTNT) to $90 from $84 and keeps a Hold rating on the shares after the company held an analyst day where management was “very upbeat” on opportunities spanning Secure Networking, Universal SASE, and Security Operations given a number of differentiators. Medium-term targets “had their puts and takes,” while management explained that FY26 is the largest End-of-Service, or EOS, opportunity, which should drive a refresh beginning in the second half of calendar 2025, with a smaller, but still sizable, EOS opportunity in FY27, the analyst tells investors.
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Read More on FTNT:
- Fortinet price target raised to $100 from $95 at Baird
- Fortinet price target raised to $100 from $80 at Piper Sandler
- Fortinet price target raised to $106 from $105 at Morgan Stanley
- Fortinet price target raised to $90 from $77 at Deutsche Bank
- Fortinet price target raised to $85 from $80 at Wells Fargo