On August 6, UBS analyst Fatima Boolani lowered Fortinet, Inc.’s price target to $90.00, maintaining a Neutral rating after the company’s second-quarter results. Despite strong Q2 results, Fortinet cut its second-half services revenue guidance by $50 million. Expected growth in the fourth quarter looks weaker than before, with a tougher setup heading into CY26. The stock appears fairly priced for a company with low double-digit growth, prompting the firm to remain on the sidelines. Fortinet, a cybersecurity company, provides enterprise-level next-generation firewalls and network security solutions, leveraging artificial intelligence.

Read more at Yahoo Finance: Fortinet (FTNT) Price Target Cut to $90 as UBS Warns of Low Double-Digit Growth Ahead