Freedom Capital Markets Downgrades Fortinet (FTNT) to Hold

Freedom Capital Markets analyst Almas Almaganbetov downgraded Fortinet (NASDAQ: FTNT) from Buy to Hold with a price target of $90.00.

The analyst commented: "Fortinet, Inc. (FTNT) delivered fourth-quarter 2025 results that exceeded both market expectations and its own guidance, propelled by the launch of a large-scale network equipment refresh cycle. The service segment posted steady growth, supported by expanding Unified SASE cloud solutions and the integration of recent acquisitions, despite some customer caution regarding contract durations. However, long-term growth rates may face headwinds from potential margin compression risks stemming from rising memory prices and currency volatility, alongside intensifying competitive pressures. We maintain our $90 price target for FTNT shares but are downgrading our recommendation from "Buy" to "Hold" given current valuation levels."

For an analyst ratings summary and ratings history on Fortinet click here. For more ratings news on Fortinet click here.

Shares of Fortinet closed at $85.56 yesterday.

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