12 High Flying AI Stocks This Week

10. 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. On February 5, BTIG analyst Gray Powell maintained a “Hold” rating on the stock. Powell’s hold rating suggests limited short-term upside for the stock. Even though there is an increase in interest for Fortinet’s SSE product in the mid-market, the overall demand trend continues to be steady compared to the previous quarter. The Security Service Edge is a cloud-based security service that incorporates artificial intelligence to enhance security, optimize performance, and detect threats. The firm noted that even though the company is expected to meet or slightly surpass Q4 estimates, street estimates for 2025 seem too optimistic. Additionally, despite the positive momentum in the mid-market and operational technology demand, there are concerns related to large enterprise traction.