As the technology continues to develop, a new generation of AI systems is showing up. In addition to answering enquiries, the new systems solve problems and complete work independently. These "agentic" AI systems can completely convert many industries, including healthcare and banking, by adopting challenging tasks and enhancing output in ways we haven't yet seen.
Fortinet, Inc. (NASDAQ:FTNT) delivers AI-generated security orchestration and endpoint protection technologies. Mizuho managed to handle an underperforming rating on the shares and raised the company's price target on Fortinet.
Artificial Intelligent Trends
On CNBC's "Squawk on the Street," Matt Wood, the global commercial technology and innovation officer at PwC, remarked about this latest technology in artificial intelligence. He highlighted the shift from simple question-answering systems to more advanced agentic systems that can appear in user tasks. These systems can answer goals like managing investments or arranging trips by making and completing to-do lists.
Similar to how applications promote smartphone working, he expects that within the next 12 months, agentic AI will become more advanced in daily life. Wood also claimed that current investments in data governance, which provide a strong basis for utilizing creative AI, are why AI is being rapidly adopted in regulated sectors like healthcare, manufacturing, and finance.
According to a December 13 Bloomberg report, companies like Salesforce, OpenAI, and McKinsey have begun using agents to increase productivity and lessen the need for human intervention in automated operations. Agents can work as personal assistants, supervisors, and cooperative coworkers, freeing staff members to concentrate on higher-value operations.
AI agents are expected to change workplaces, create new roles, and enhance productivity, especially in industries with difficult, regulated processes. Although they won't entirely replace jobs, the broad implementation of these agents may result in companies using fewer but more skilled workers by 2025, which could change workplace dynamics and staffing paradigms.
Fortinet (FTNT) Price Target Increased by Mizuho
Fortinet, Inc. (NASDAQ:FTNT) gives AI-driven technologies for security orchestration, endpoint protection, threat detection, and AI-generated cybersecurity solutions.
According to The Fly on December 13, Mizuho managed an Underperform rating on the shares and increased the company's price target on Fortinet (NASDAQ:FTNT) from $68 to $78 as part of a 2025 outcome for the software business. Due largely to current improvements in comp multiples, the company increased price targets on some companies.
It maintains that DevOps, digital transformation, data and analytics, generative artificial intelligence, contact center cloud migrations, and next-generation security are the key points that will assist software suppliers now and in the future. According to Mizuho, the industry's risk/reward ratio is eventually appealing but more balanced going into 2025.