Fortinet, Inc. (NASDAQ:FTNT) is listed among the 10 Trending AI Stocks According to Analysts by BMO Capital. Analyst Keith Bachman raised the price target to $95.00, noting upside in billings & SASE traction. However, caution remains on services revenue growth despite exceeding key metric expectations.

Fortinet surpassed consensus estimates across key metrics, excluding services revenue growth. Fiscal year 2026 billings growth guidance of 13% year-over-year exceeded the consensus estimate of 11%, a positive surprise for investors. BMO Capital sees potential upside in topline estimates and expects growth in the Secure Access Service Edge (SASE) market.

Analysts at BMO Capital maintain a “Market Perform” rating on Fortinet, highlighting the need for services revenue growth improvement to adopt a more positive outlook. Despite raising the target price to $95, the firm remains cautious and emphasizes the importance of increased services growth for a more constructive stance.

Fortinet, Inc. (NASDAQ:FTNT) specializes in cybersecurity solutions with a focus on artificial intelligence. While potential exists for FTNT as an investment, some AI stocks offer greater upside potential with less downside risk. Investors seeking undervalued AI stocks can explore further opportunities in the market.

Read more at Yahoo Finance: What’s Holding Analysts Back on Fortinet (FTNT) Despite a Target Hike