10 AI Stocks Analysts Are Watching Closely

7. Fortinet, Inc. (NASDAQ:FTNT)

Number of Hedge Fund Holders: 62

Fortinet, Inc. (NASDAQ:FTNT) is one of the 10 AI Stocks Analysts Are Watching Closely. On August 11, Susquehanna lowered the firm’s price target on the stock to $80 from $110 and kept a Neutral rating on the shares.

According to the firm, Fortinet delivered a fine 2Q and raised its guidance across most metrics. The firm likes the company, its market opportunity, and large firewall refresh cycle, the risk/reward appears balanced at current levels.

Fortinet, Inc. (NASDAQ:FTNT), a cybersecurity company, provides enterprise-level next-generation firewalls and network security solutions, leveraging artificial intelligence across its cybersecurity products.