Citigroup lifts PT on CrowdStrike, Fortinet

Fortinet

13/01/2026 12:46

** Citigroup raises PT on CrowdStrike CRWD.O to $610 from $595, Fortinet FTNT.O to $85 from $83

** The new PT implies an upside of 30.6% to CRWD's last close, and 8.1% to FTNT's last close

     ** For CRWD, brokerage says multiple growth drivers are gaining traction, alongside a rapidly expanding AI-for-security and security-for-AI product portfolio

** Adds, these factors could help CRWD reach $10 bln in ARR earlier than its FY31 target

** For FTNT, Citigroup says co's ~25% market share of the firewall market underpins steady hardware refresh demand, while its price-performance and broad global distribution help it win additional share

** In 2025, CRWD rose 37%, while FTNT fell ~16%

 (Reporting by Arnav Mishra in Bengaluru)

 ((Arnav.Mishra@thomsonreuters.com;))