Fortinet Price (FTNT) Target Cut to $80 Despite Strong Q2 and Guidance Raise

Fortinet, Inc. (NASDAQ:FTNT) is one of the AI Stocks Analysts Are Watching CloselyOn 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. Moreover, 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.

Fortinet Price (FTNT) Target Cut to $80 Despite Strong Q2 and Guidance Raise

A cybersecurity expert monitoring the security of the company’s assets, emphasizing the importance of data protection.

While we acknowledge the risk and potential of FTNT  as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than FTNT and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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Disclosure: None.