On Nov 20, major Wall Street analysts update their ratings for $Fortinet (FTNT.US)$, with price targets ranging from $98 to $110.
J.P. Morgan analyst Brian Essex maintains with a hold rating, and adjusts the target price from $84 to $99.
UBS analyst Roger Boyd maintains with a hold rating, and adjusts the target price from $69 to $98.
Wedbush analyst Daniel Ives maintains with a buy rating, and adjusts the target price from $78 to $105.
Truist Financial analyst Junaid Siddiqui maintains with a buy rating, and adjusts the target price from $85 to $105.
Scotiabank analyst Patrick Colville maintains with a buy rating, and adjusts the target price from $85 to $110.
Furthermore, according to the comprehensive report, the opinions of $Fortinet (FTNT.US)$'s main analysts recently are as follows:
After management provided long-term guidance targets, supported by a 2026 and 2027 firewall end-of-support cycle, as well as improved traction for Unified SASE and Security Operations at the company's analyst day meeting, some uncertainty remains about the magnitude of the upcoming firewall refresh cycle due to the lack of guidance for 2025. However, the three- to five-year guidance targets are regarded as solid, indicating potential for further upside.
Following an in-person analyst event hosted by the company, it was conveyed that there's great emphasis on its broader platform strategy across Secure Networking, SASE, and SecOps, spurred by the forthcoming firewall refresh cycle. Although the mid-term targets primarily aligned with prior expectations, there's perceived potential for surpassing these targets.
Fortinet's strategy and vision were effectively communicated during its analyst day, highlighting several inherent advantages of its platform in driving technology convergence to capitalize on a significant market opportunity valued at $284B. However, growth drivers for Fortinet still represent a minor component of its business mix, with persistent risks that competitive pressures could impede growth and profit margins.
During the company's Analyst Day, management provided 3- to 5-year financial targets and updates to its projected product refresh cycle for 2026 and beyond. Fortinet anticipates that about a quarter of its current installed base for firewalls will face end of service by the end of 2026. The company expects customer engagement primarily in early 2025, with the majority anticipated in the second half of 2025. This timing aligns with more enterprises seeking vendor consolidation within security, which presents significant opportunities for cross and up-selling. The event was regarded as overall positive.
The company's Analyst Day presentation effectively emphasized its opportunities and customer journey across Secure Networking, Unified SASE, and Ai-Driven SecOps, while also discussing potential product refreshes and laying out medium-term targets. The outlook presented was mixed compared to investor expectations. The compelling opportunities displayed will be further clarified with initial 2025 guidance expected early next year, providing insights on expected revenue and margin evolution towards the Rule of 45.
Here are the latest investment ratings and price targets for $Fortinet (FTNT.US)$ from 6 analysts:
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美東時間11月20日，多家華爾街大行更新了$飛塔信息 (FTNT.US)$的評級，目標價介於98美元至110美元。
摩根大通分析師Brian Essex維持持有評級，並將目標價從84美元上調至99美元。
瑞士銀行分析師Roger Boyd維持持有評級，並將目標價從69美元上調至98美元。
韋德布什分析師Daniel Ives維持買入評級，並將目標價從78美元上調至105美元。
儲億銀行分析師Junaid Siddiqui維持買入評級，並將目標價從85美元上調至105美元。
豐業銀行分析師Patrick Colville維持買入評級，並將目標價從85美元上調至110美元。
此外，綜合報道，$飛塔信息 (FTNT.US)$近期主要分析師觀點如下：
管理層提供了長期指導目標，由2026年和2027年防火牆支持週期以及公司分析師日會議上統一的SASE和安防運營方面的增強支持。由於缺乏2025年的指導，對即將到來的防火牆更新週期的規模存在一些不確定性。然而，三到五年的指導目標被認爲是穩固的，表明進一步上行的潛力。
在由公司舉辦的面對面分析師活動後傳達了對其更廣泛的平台策略的重視，包括安全網絡、SASE和安防運營，受即將到來的防火牆更新週期的推動。雖然中期目標主要是與先前預期一致，但存在超越這些目標的潛力。
飛塔信息的戰略和願景在其分析師日活動中得到了有效傳達，突出了其平台在推動技術融合方面的幾個內在優勢，以利用市值爲2840億美元的重要市場機會。然而，飛塔信息的增長驅動因素仍然代表其業務構成的一小部分，存在着競爭壓力可能阻礙增長和利潤率的風險。
在公司的分析師日活動中，管理層提供了三到五年的財務目標和對其2026年及以後產品更新週期的更新。飛塔信息預計，到2026年底，約四分之一的防火牆的當前裝機量將面臨服務結束。公司預計客戶參與主要集中在2025年初，大部分預計在2025年下半年。這一時機與更多企業尋求在安全領域進行供應商整合的情況相吻合，這爲跨部門和提升銷售提供了重要機會。該活動被普遍視爲積極的。
公司的分析師日演示有效強調了其安全網絡、統一SASE和人工智能驅動安防運營方面的機會和客戶旅程，同時討論了潛在的產品刷新並制定了中期目標。與投資者預期相比，展示的前景是多樣化的。預計明年年初將公佈初步的2025年指導，提供關於預期營業收入和利潤率走勢朝45規則發展的見解。
以下爲今日6位分析師對$飛塔信息 (FTNT.US)$的最新投資評級及目標價：
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