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Posted by
Two Blokes Jul 4 -
Filed in
Stock
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5 views
We rate Fortinet a Strong Buy with a $148 price target, driven by a subscription-led mix shift and unified platform momentum. Accelerating SASE and AI-powered SecOps adoption, plus a dominant firewall franchise, support recurring revenue durability and double-digit EPS growth through FY27. Valuation offers a 44% upside with a 50x FY26E P/E, below historical and peer medians, providing a margin of safety and asymmetric risk/reward.
