Allot Ltd. price target raised to $15 from $13 at Northland

Northland raised the firm’s price target on Allot Ltd. (ALLT) to $15 from $13 and keeps an Outperform rating on the shares. Allot’s landmark deal to provide network equipment to a Tier-1 telecom operator based in EMEA is a “clear positive,” suggesting fiscal 2026 product revenue will be boosted to $47M from $27M, the analyst tells investors in a research note. Northland’s research suggests that Allot has likely displaced AppLogic at Orange, catering to France and Spain in the Western Europe, among several other geographies, partially a result of AppLogic’s current weak financial footing.