Fortinet Inc. (NASDAQ:FTNT) is one of the 10 AI Stocks That Are Surging.
On June 12, Barclays raised its target price for Fortinet Inc. (NASDAQ:FTNT) stock from $115 to $155 and maintained an Equal Weight rating
The company’s most recent earnings report on May 5 offered a glimpse of the potential that is driving this analyst optimism. The firm noted that the company is carefully managing channel inventory and has taken a cautious approach to its outlook for the second half of 2026. In response to a question by Jefferies analyst Joseph Gallo, the company confirmed that it does not see any increase in inventory going forward.
It expects billings in the range of $2.09 billion to $2.19 billion in Q2. In addition to Barclays, BofA also raised its price target on Fortinet Inc. (NASDAQ:FTNT) to $180 from $130 and kept a Buy rating on the shares on June 8. In a research note to investors, the firm said that demand for FTNT products remains steady, with no signs of customers pulling forward purchases.