Piper Sandler Raises PT on Fortinet (FTNT) Stock

Fortinet, Inc. (NASDAQ:FTNT) is one of the Oversold Fundamentally Strong Stocks to Buy Right Now. On January 5, Piper Sandler analyst Rob Owens lifted the price target on the company’s stock to $90 from $85 while keeping a “Neutral” rating, as reported by The Fly. As per the firm, 2025 was a difficult year for its Security & Infrastructure Software coverage. That being said, the firm remains cautiously optimistic for a better year in 2026. This conviction is backed by the fact that several names are now entering the year at interesting valuation levels and are well-placed to be longer-term GenAI winners.

In a different update, Fortinet, Inc. (NASDAQ:FTNT) announced the Fortinet Secure AI Data Center solution, which has been built in close collaboration with leading technology partner Arista Networks, deployed at Monolithic Power Systems (MPS).

The company further announced that the solution tends to unite best-of-breed networking as well as security to deliver a validated, scalable, zero-trust architecture for an AI data center.

Fortinet, Inc. (NASDAQ:FTNT) offers cybersecurity and convergence of networking and security solutions.

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. This article is originally published at Insider Monkey.