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Fortinet, Inc. (FTNT) Gets Price Target Boosts, Here’s Why
Fortinet, Inc. (NASDAQ: FTNT) recently received price target boosts from Citi and BMO Capital, following strong fourth-quarter earnings that surpassed expectations. While Citi maintained a Neutral rating, citing a 6.81% implied upside, BMO Capital reiterated a Market Perform rating despite a cautious stance due to disappointing service growth. Management’s FY26 billings growth projection of 13% year-over-year exceeded street forecasts, and the company is expected to gain more traction in the Secure Access Service Edge (SASE) space.