capital · May 16, 2026
Susquehanna Raises Fortinet Price Target to $115 Following Q1 Results
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Susquehanna analyst Shyam Patil raised the Fortinet price target to $115 from $90 on May 15 2026. The firm maintained a Neutral rating after reviewing strong Q1 2026 results. The update incorporates raised full-year billings guidance of $8.8B to $9.1B. Shyam Patil cited AI and OT demand as key drivers in the revised model.
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