Fortinet price target raised to $90 from $85 at RBC Capital

RBC Capital analyst Dan Bergstrom raised the firm’s price target on Fortinet (FTNT) to $90 from $85 and keeps a Sector Perform rating on the shares. The company’s Q4 earnings beat was “much better than feared” and should help to set the stage for 2026, the analyst tells investors in a research note. Fortinet continues to see growth across secure networking, unified SASE and SecOps and should continue to grow faster than the market, RBC says.