TD Cowen Calls Fortinet, Inc. (FTNT)’s Valuation Reasonable at Current Levels

Core Insights - Fortinet, Inc. (NASDAQ:FTNT) is recognized as one of the 20 Most Profitable Stocks of the Last 20 Years [1] - TD Cowen analyst upgraded FTNT to Buy from Hold, maintaining a price target of $100, citing stability in fiscal 2026 and potential upside in Q4 billings and revenue [2] - Oppenheimer maintained a Perform rating on FTNT, noting stable firewall share dynamics but a declining End-of-Service refresh opportunity for 2026, leading to a reduced growth forecast for product and services revenue [3] Company Overview - Fortinet, Inc. is a U.S. cybersecurity and network security company that provides integrated security solutions, including firewalls, endpoint protection, and threat detection for enterprises, service providers, and government organizations globally [4]