Analyst Shaul Eyal from TD Cowen maintained a Buy rating on Fortinet and keeping the price target at $100.00.
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Shaul Eyal has given his Buy rating due to a combination of factors tied to Fortinet’s accelerating growth outlook and favorable demand backdrop. He anticipates the company will surpass first-quarter expectations and lift guidance, supported by robust spending on data center and AI infrastructure, which is driving stronger product and services uptake across key verticals.
Eyal also points to solid momentum across major regions, with particularly strong trends in EMEA and improving performance in the Americas and APAC. In addition, he has raised his revenue and billings forecasts above consensus, reflecting confidence that expanding attack surfaces and AI-driven cyber risks will sustain elevated demand for Fortinet’s security portfolio.