Fortinet (FTNT) Stock Could Be A Top Performer This Year Amid Cautious Guidance
Key takeaways
- Fortinet (FTNT) Stock Could Be A Top Performer This Year Amid Cautious Guidance Jabran Kundi Tue, June 30, 2026 at 7:14 PM GMT+7 2 min read FTNT Fortinet Inc.
- In addition to Barclays, BofA also raised its price target on Fortinet Inc.
- (NASDAQ:FTNT) provides cybersecurity and networking-and-security convergence solutions worldwide.
Fortinet (FTNT) Stock Could Be A Top Performer This Year Amid Cautious Guidance Jabran Kundi Tue, June 30, 2026 at 7:14 PM GMT+7 2 min read FTNT Fortinet Inc. (NASDAQ:FTNT) is one of the 10 AI Stocks That Are Surging. On June 12, Barclays raised its target price for Fortinet Inc. (NASDAQ:FTNT) stock from $115 to $155 and maintained an Equal Weight rating. The company's most recent earnings report on May 5 offered a glimpse of the potential that is driving this analyst optimism. The firm noted that the company is carefully managing channel inventory and has taken a cautious approach to its outlook for the second half of 2026. In response to a question by Jefferies analyst Joseph Gallo, the company confirmed that it does not see any increase in inventory going forward. It expects billings in the range of $2.09 billion to $2.19 billion in Q2.
In addition to Barclays, BofA also raised its price target on Fortinet Inc. (NASDAQ:FTNT) to $180 from $130 and kept a Buy rating on the shares on June 8. In a research note to investors, the firm said that demand for FTNT products remains steady, with no signs of customers pulling forward purchases. Moreover, SASE and related markets are expected to be the next major drivers of growth.
Fortinet Inc. (NASDAQ:FTNT) provides cybersecurity and networking-and-security convergence solutions worldwide.