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Fortinet, Inc. (FTNT) Balances Growth Outlook With AI Innovation

Fortinet, Inc. (NASDAQ:FTNT) is one of the best high-growth cybersecurity stocks to buy. On February 6, UBS analyst Fatima Boolani raised Fortinet’s (NASDAQ:FTNT) price target to $90 from $80 while keeping a Neutral rating. She said Q4 results were strong, with product growth and better contract renewals, and the 2026 outlook showed 10–15% product growth, 11–14% billings growth, operating margins of 33–36%, and free cash flow margins in the mid-to-high 30s.

Although this eased some investor worries, service revenue growth of roughly 11% year-over-year leaves questions about sustaining 12%+ growth as comparisons tighten in late 2026 and 2027. UBS views the stock at 22x EV/FCF as fairly valued, given its moderate growth and steady margins.

On February 2, Scotiabank downgraded the stock to Sector Perform from Outperform while maintaining the $85 price target. Despite the downgrade, the research firm insists the company is undoubtedly a legendary company  with compelling offerings in secure networking.

On January 23, Fortinet announced a major upgrade to FortiSIEM, enhancing its scalable SIEM platform with stronger threat detection, agentic AI-driven incident response, and expanded data sovereignty options. Version 7.5 is built to counter increasingly sophisticated AI-powered attacks while improving IT and OT security analytics, streamlining investigations, and expanding pipeline management capabilities.

Fortinet, Inc. (NASDAQ:FTNT) is a cybersecurity leader providing an integrated networking and security platform via FortiOS, with its FortiGate firewalls protecting more than 700,000 organizations worldwide.

While we acknowledge the potential of FTNT to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than FTNT and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: Top 10 Materials Stocks to Buy According to Analysts and 10 Best Organic Food and Farming Stocks to Buy Now.

Disclosure: None. This article is originally published at Insider Monkey.

The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

And here’s the wild part — this $250 trillion wave isn’t tied to one company, but to an entire ecosystem of AI innovators set to reshape the global economy.

It’s a leap so massive, it could reshape how businesses, governments, and consumers operate worldwide.

Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

How could anything be worth that much?

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In fact, Verge argues this company’s supercheap AI technology should concern rivals.

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  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

When billionaires from Silicon Valley to Wall Street line up behind the same idea — you know it’s worth paying attention to.

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