BMO Lifts Fortinet Price Target to $95 but Keeps Neutral Stance
BMO Capital raised its price target on Fortinet to $95 from $90 while keeping a Market Perform rating, citing mixed results: strong product margins and revenue growth offset by softer-than-expected services expansion. Multiple other firms also nudged targets higher following the company’s fourth-quarter 2025 results and year-over-year billings grow…