Rosenblatt Highlights Tax Incentives and Sales Execution as Q4 Upside Drivers for Fortinet, Inc. (FTNT)

We recently compiled a list of 10 High Growth Technology Stocks That Are Profitable. Fortinet, Inc. stands tenth on our list of high growth stocks.

TheFly reported on January 29 that Rosenblatt upgraded FTNT from Neutral to Buy and lifted the price target to $100 from $85 ahead of the company’s Q4 earnings on February 5. The upgrade reflects stronger demand observed through reseller checks, which is driven by a widespread hardware refresh replacing older Cisco firewalls, solid sales execution, and supportive tax incentives, positioning Fortinet for an upside quarter.

Two days earlier, on January 27, Fortinet, Inc. (NASDAQ:FTNT) unveiled updates to its FortiCNAPP platform, which is aimed at helping companies better identify and prioritize cloud issues. The improvements allow security experts to focus on the most serious threats by combining configuration, identity exposure, vulnerabilities, network enforcement, data sensitivity, and runtime behavior into a unified workflow.

Fortinet, Inc. (NASDAQ:FTNT) is a global cybersecurity company that helps businesses and governments protect their networks, data, and devices from cyber threats. Its solutions combine network, cloud, and threat protection to keep digital systems secure, reliable, and efficient.

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