Cantor Fitzgerald Maintains 'Neutral' Rating on Fortinet, Inc. (FTNT) With $87 PT

Fortinet, Inc. (NASDAQ:FTNT) is included in our list of the 10 Most Oversold AI Stocks to Buy Now.

On August 15, 2025, Cantor Fitzgerald maintained its ‘Neutral’ rating on Fortinet, Inc. (NASDAQ:FTNT) with an $87 price target. This follows the company’s strong second-quarter results. During the quarter, large enterprise demand fueled growth in product sales and billings. However, subscription revenue slowed in Q2, accompanied by a reduction in services guidance.

Furthermore, Cantor Fitzgerald highlighted Fortinet, Inc. (NASDAQ:FTNT)’s 2026 product refresh cycle, which is already 40-50% complete. This supports the short-term upgrade demand for the company. While the analyst highlighted momentum in the company’s SecOps and SASE segments, challenges in converting service revenue and in zero-trust adoption were also noted.

Fortinet, Inc. (NASDAQ:FTNT), a cybersecurity company, develops and markets security solutions like firewalls, endpoint security, and intrusion detection systems. It is included in our list of the most oversold stocks.

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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