Fortinet price target raised to $90 from $80 at UBS

UBS raised the firm’s price target on Fortinet (FTNT) to $90 from $80 and keeps a Neutral rating on the shares. Fortinet’s Q4 results were largely positive, driven by strong product growth, improved ELA renewals, and a CY26 outlook that eased margin concerns with limited impact from DRAM pricing, but guidance for service revenue growth and tougher upcoming comps temper confidence in sustaining 12%+ long-term growth, leaving the stock fairly valued, the analyst tells investors in a research note.