Fortinet, Inc. (FTNT) Gets Price Target Boosts, Here’s Why

SelfRugger · 2026-02-19T06:05:19+00:00

Fortinet, Inc. (FTNT) received price target increases from Citi and BMO due to strong fourth-quarter earnings and favorable growth projections. Despite the positive outlook, analysts express caution over service growth.

SelfRugger

2026-02-19 06:05:19

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Fortinet, Inc. (FTNT) Gets Price Target Boosts, Here’s Why

Rameen Kasana

Thu, February 19, 2026 at 2:43 PM GMT+9 1 min read

In this article:

FTNT

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BMO

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Fortinet, Inc. (NASDAQ:FTNT) is among the most profitable software stocks to buy now. On February 9, Fatima Boolani, an analyst at Citi, lifted the price target on Fortinet, Inc. (NASDAQ:FTNT) to $90 from $85 and maintained a Neutral rating, according to TheFly. In line with the consensus estimate, the firm’s guidance implies a 6.81% upside.

On the same day, BMO Capital also raised the price target on Fortinet, Inc. (NASDAQ:FTNT) to $95, up from $90, and reiterated a Market Perform rating. BMO highlighted the company’s fourth-quarter earnings, noting results that outperformed expectations across key metrics. What’s even more interesting is that management’s FY26 billings growth projection of 13% YoY exceeded the street forecast of 11%, BMO noted.

The firm’s cautious stance is driven by disappointing service growth, with higher service revenue growth required to support a bullish outlook. Looking ahead, the firm expects potential upside to topline estimates, while anticipating Fortinet, Inc. (NASDAQ:FTNT) to gain even more traction in the Secure Access Service Edge (SASE) space.

Fortinet, Inc. (NASDAQ:FTNT) is a California-based provider of cybersecurity and various networking and security solutions. Founded in 2000, the company offers its products to enterprises, communication service operators, and government institutions.

While we acknowledge the potential of FTNT as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money.

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