Did Barclays change its rating on Fortinet?

No, Barclays maintained its Equal Weight rating on Fortinet.

When was Fortinet's latest earnings report?

Fortinet's latest earnings report was released on May 5, 2026.

Barclays Raises Fortinet (FTNT) Target Price to $155

Q: Why did Barclays raise the target price?

Barclays believes Fortinet is benefiting from rising demand for AI-powered cybersecurity solutions.

Barclays raised its price target for Fortinet (FTNT) from $115 to $155 on June 12, while keeping an Equal Weight rating. The move follows the company's strong earnings report on May 5.

June 30, 2026

1 min read

Source: Insider Monkey

Key Numbers

previous target

115

new target

155

target change

+34.8%

Barclays raised its price target for Fortinet (FTNT) from $115 to $155 on June 12, maintaining an Equal Weight rating, according to a report from Insider Monkey.

Rating Change

Previous Target: $115
New Target: $155
Rating: Equal Weight (unchanged)

Analyst Rationale

Barclays analysts believe Fortinet is benefiting from rising demand for AI-powered cybersecurity solutions. The company's recent earnings report on May 5 showed strong performance, boosting confidence in its growth trajectory.

Context

Fortinet is among 10 AI stocks currently surging. The stock has performed well in recent weeks, supported by improved forward guidance.

What to Make of It

Despite the target price increase, the Equal Weight rating suggests a balanced outlook relative to peers. Investors should monitor upcoming earnings reports and developments in the cybersecurity sector.

Frequently Asked Questions

Barclays raised its price target for Fortinet (FTNT) from $115 to $155.

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This article was rewritten in Wrqti's editorial style based on information from the original source above. Content is informational only — not investment advice.