Jefferies analyst Joseph Gallo raised the firm’s price target on Fortinet (FTNT) to $90 from $80 and keeps a Hold rating on the shares. 18% year-over-year billings growth in Q4 beat consensus at 12% on “blockbuster” Product strength, notes the analyst. FY26 billings growth guidance of 12.5% year-over-year at the mid-point also was better than consensus at 10.6%, the analyst added.
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