飞塔信息

JP Morgan maintains Underweight on Fortinet, raises PT to $73

Fortinet: RBC Capital Raises PT to $90 from $85, Maintains Sector Perform Rating

Fortinet

Fortinet Q4 Earnings Exceed Expectations on Enterprise Demand and Strong Billings Growth

Wedbush reiterates Outperform on Fortinet, raises PT to $90.

Fortinet: Mizuho Raises PT to $74, Maintains Underperform Rating

Catalyst<ul> <li>Recent MACD Golden Cross and Inverted Hammer technical signals suggest potential for a bullish reversal in FTNT.</li></ul>Risk<ul> <li>Bearish signals are currently dominant with three bearish indicators versus none bullish in recent technical analysis for FTNT.</li> <li>Fund flow analysis shows net outflows across all order sizes, indicating weak institutional and retail investor confidence in FTNT.</li> <li>Analyst ratings include one Sell and two Neutral ratings, signaling caution and lack of strong institutional support for FTNT.</li></ul>

Key Factors

Fortinet reported Q4 2025 earnings of $0.81 per share, exceeding estimates by $0.07, with revenue reaching $1.91 billion, surpassing forecasts by $50 million.The company raised full-year 2026 guidance, projecting EPS of $2.94–$3.00 and revenue of $7.5–$7.7 billion, both above consensus estimates.Fortinet announced a $1.0 billion share repurchase authorization expansion, signaling confidence in its stock and strategic capital return initiatives.Product revenue surged 20% YoY to $691 million, driven by strong demand for Unified SASE and OT security solutions.Analysts raised price targets, including JP Morgan to $73, RBC Capital to $90, and Rosenblatt to $105, reflecting optimism about Fortinet's growth and market position.

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