Fortinet, Inc. (NASDAQ:FTNT) is one of the 10 AI Stocks Analysts Are Watching. Jefferies analyst Joseph Gallo reiterated a Hold rating on the stock with an $80.00 price target. The firm expects a modest Q4 beat but remains cautious about 2026 metrics.

Fortinet is set to report its fourth-quarter earnings on February 5. The research firm predicts Fortinet will surpass consensus billings growth estimates of 12% year-over-year by 1-2%, driven by improved survey data. Jefferies has highlighted high expectations for 2026 metrics.

Despite potential, Fortinet faces caution due to weak sentiment towards software stocks. The firm awaits visibility for a potential product refresh and services rebound in the second half of 2026. Jefferies expects Fortinet to beat 4Q consensus billings by 1-2% but remains cautious due to deteriorating software sentiment.

Fortinet, Inc. (NASDAQ:FTNT) is a cybersecurity company providing next-generation firewalls and network security solutions using artificial intelligence. While acknowledging Fortinet’s investment potential, some AI stocks offer greater upside potential with less downside risk. For more undervalued AI stock recommendations, see the report on the best short-term AI stock.

Disclosure: None. This article was originally published on Insider Monkey.

Read more at Yahoo Finance: Jefferies Sees Modest Q4 Beat for Fortinet (FTNT), Remains Cautious on 2026