10 AI News Updates Making Headlines Right Now

5. Fortinet, Inc. (NASDAQ:FTNT)

Number of Hedge Fund Holders: 47

Fortinet, Inc. (NASDAQ:FTNT) is a technology company that provides cybersecurity and convergence of networking and security solutions worldwide. It offers secure networking solutions focused on the convergence of networking, security, and network firewall solutions. While the stock has been flying high, an analyst at Baird reiterated on February 3rd that it has limited upside potential.

Baird has since downgraded the stock to a ‘Neutral’ from an ‘Outperform’ but hiked the price target to $112 from $105. The downgrade comes on concerns that Fortinet, Inc. (NASDAQ:FTNT) is one of the large-cap internet security stocks that benefited from strong growth and expanding profit margins last year but have limited upside in 2025. Nevertheless, it remains a solid long-term play as it makes the most of integrating artificial intelligence (AI) tools within its Security Operation offerings. The company is positioning itself to tap into the growing demand for AI-driven security operations (SecOps) offerings that could hit $163 billion in 2028.