15 AI News Investors Are Paying Attention To

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13. Fortinet, Inc. (NASDAQ:FTNT)

Number of Hedge Fund Holders: 47 

Fortinet, Inc. (NASDAQ:FTNT) provides cybersecurity and convergence of networking and security solutions worldwide. The Fortinet SecOps platform offers the broadest range of sensors that utilize AI and other advanced analytics to continuously assess cyberthreats. On November 19, BMO Capital raised the price target on the stock to $100 from $88 and kept a Market Perform rating on the shares after its Analyst Day presentation. The advisory believes that the company’s medium-term targets are reasonable, and it was encouraged that Fortinet is investing more in SASE/SecOps. BMO further notes that Fortinet’s refresh opportunity in 2025 is significant, also stating that the company’s portfolio and common OS provide competitive advantages despite being better aligned to small and medium size organizations.

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