Fortinet (FTNT) Downgraded as Analysts Reassess 2026 Growth Outlook

1 hour ago 1

Ghazal Ahmed

Tue, February 3, 2026 astatine 10:27 AM CST 1 min read

Fortinet, Inc. (NASDAQ:FTNT) is 1 of the 10 AI Stocks Gaining Attention connected Wall Street. On February 2, Scotiabank expert Patrick Colville downgraded the banal from Sector Outperform to Sector Perform with an $85 terms target.

The steadfast sees Fortinet arsenic a beardown company, but believes that the optimism for 2026 appears overstated. It acknowledged that Fortinet is simply a beardown and legendary institution with a compelling offering successful halfway unafraid networking.

Fortinet (FTNT) Downgraded arsenic Analysts Reassess 2026 Growth Outlook

However, it is inactive downgrading the sanction based connected its latest quantitative investigation and caller CISO checks with mid/large-sized enterprises.

“We consciousness little optimistic astir the sanction successful 2026.”

Fortinet, Inc. (NASDAQ:FTNT), a cybersecurity company, provides enterprise-level next-generation firewalls and web information solutions, leveraging artificial quality crossed its cybersecurity products. While we admit the imaginable of FTNT arsenic an investment, we judge definite AI stocks connection greater upside imaginable and transportation little downside risk. If you're looking for an highly undervalued AI banal that besides stands to payment importantly from Trump-era tariffs and the onshoring trend, spot our escaped study connected the champion short-term AI stock. READ NEXT: 30 Stocks That Should Double successful 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This nonfiction is primitively published astatine Insider Monkey.