Fortinet Inc. (NASDAQ:FTNT) ranks among the best 5G stocks to buy right now. On June 8, TD Cowen boosted its price target for Fortinet Inc. (NASDAQ:FTNT) to $160 from $125, keeping a Buy rating on the company’s shares. The firm cited the company’s market position in the core network security, SASE, and security services sectors as a major reason for the price target increase.
According to TD Cowen, AI is the next phase of development for Fortinet Inc., while data center expansion and sovereign SASE constitute long-term tailwinds. The firm stated that its model takes into account increased memory prices and sees Fortinet’s ASIC method as advantageous.
Meanwhile, on May 11, Cantor Fitzgerald boosted its price target for Fortinet Inc. to $110 from an unspecified previous level, maintaining its Overweight rating for the company. The firm cited Fortinet’s first-quarter fiscal 2026 results, which outperformed expectations across several metrics.
Fortinet Inc. also increased its fiscal 2026 forecast for all top-line measures. The company now anticipates revenue growth of 15%, up from 13%, and billings growth of 18%, up from 13%.
Fortinet Inc. provides cybersecurity and convergence of networking and security solutions worldwide.
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