Fortinet Price (FTNT) Target Cut to $80 Despite Strong Q2 and Guidance Raise

Fortinet, Inc. (NASDAQ:FTNT) is one of the AI Stocks Analysts Are Watching Closely. On August 11, Susquehanna lowered the firm’s price target on the stock to $80 from $110 and kept a Neutral rating on the shares.

According to the firm, Fortinet delivered a fine 2Q and raised its guidance across most metrics. The firm likes the company, its market opportunity, and large firewall refresh cycle. Moreover, the risk/reward appears balanced at current levels.

Fortinet, Inc. (NASDAQ:FTNT), a cybersecurity company, provides enterprise-level next-generation firewalls and network security solutions, leveraging artificial intelligence across its cybersecurity products.

While we acknowledge the potential of FTNT as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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Disclosure: None.