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Research Alert: CFRA Maintains Hold Rating On Shares Of Fortinet Inc.

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CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:

We raise our target price from $119 to $148 on a forward P/E of 42x our 2027 EPS projection of $3.40, below its three-year average. We increase our 2026 EPS projection to $3.15 from $3.13 and our 2027 EPS forecast to $3.45 from $3.40. We note rising enterprise AI tool consumption and agentic use from customers of software providers in earnings reports over the past month, signaling a shift from tool experimentation to deployment in production environments. This is expected to drive greater interest in new security tools to keep pace with rapid technology evolutions. We believe FTNT will be a beneficiary of cybersecurity spending as customers choose to consolidate with large vendors for reduced complexity when they expand their AI security capabilities. We also anticipate continued momentum with its FortiSASE and SecOps solutions from higher network traffic and the need for better visibility as attack surfaces expand.

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Research Alert: CFRA Maintains Buy Rating On Shares Of Okta Inc.

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Research Alert: CFRA Maintains Buy Rating On Shares Of Lam Research Corporation

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