Barclays raised its price target for Fortinet to $155, while Wells Fargo increased its target to $125 despite maintaining a 'Sell' rating. Analysts subsequently reissued a 'Strong Buy' rating as product revenues surged 41% YoY, driven by significant demand from AI data centers. The company's 2026 guidance projects billings between $8.8–$9.1 billion with gross margins reaching up to 81%.
