Fortinet, Inc. (NASDAQ:FTNT) is among the 10 AI Stocks Gaining Attention on Wall Street. On February 2, Scotiabank analyst Patrick Colville downgraded the inventory from Sector Outperform to Sector Carry out with an $85 worth goal.
The agency sees Fortinet as a robust firm, however believes that the optimism for 2026 seems overstated. It acknowledged that Fortinet is a robust and legendary firm with a compelling providing in core safe networking.
Nonetheless, it’s nonetheless downgrading the title based mostly on its newest quantitative evaluation and up to date CISO checks with mid/large-sized enterprises.
“We really feel much less optimistic concerning the title in 2026.”
Fortinet, Inc. (NASDAQ:FTNT), a cybersecurity firm, offers enterprise-level next-generation firewalls and community safety options, leveraging synthetic intelligence throughout its cybersecurity merchandise. Whereas we acknowledge the potential of FTNT as an funding, we consider sure AI shares provide better upside potential and carry much less draw back threat. In the event you’re searching for an especially undervalued AI inventory that additionally stands to profit considerably from Trump-era tariffs and the onshoring pattern, see our free report on the best short-term AI stock. READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This text is initially printed at Insider Monkey.
