Fortinet Is Up 104% in 2026. Is It Too Late to Buy?

Fortinet (FTNT) shares have surged 104% in 2026, reaching $161.95, driven by strong Q2 results, a new manufacturing partnership with Intel for its security chip, and the highest credit rating in cybersecurity. Despite this growth, insiders are selling, and the average analyst target sits below the current share price, raising questions about its valuation. The article analyzes Fortinet's robust business fundamentals, high valuation multiples, and the potential risks and rewards for investors considering buying at its current price.