TD Cowen raised the firm’s price target on Fortinet (FTNT) to $135 from $120 and keeps a Buy rating on the shares. The firm said solid demand tailwinds from the current EOS firewall refresh cycle, a record 6,900 new logo wins, strong execution of Unified SASE and SecOps, with a minor contribution from M&A, gave a blowout 4Q on almost all key metrics.
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