Fortinet, Inc. (NASDAQ:FTNT) is one of the 10 AI Stocks Gaining Attention on Wall Street. On February 2, Scotiabank analyst Patrick Colville downgraded the stock from Sector Outperform to Sector Perform with an $85 price target.
The firm sees Fortinet as a strong company, but believes that the optimism for 2026 appears overstated. It acknowledged that Fortinet is a strong and legendary company with a compelling offering in core secure networking.
However, it is still downgrading the name based on its latest quantitative analysis and recent CISO checks with mid/large-sized enterprises.
“We feel less optimistic about the name in 2026.”
Fortinet, Inc., a cybersecurity company, provides enterprise-level next-generation firewalls and network security solutions, leveraging artificial intelligence across its cybersecurity products.
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This article is originally published at Insider Monkey.
