Buy Rating of FatPipe Inc. (NASDAQ:FATN), at $8.00 Price Target Reiterated by Jason Kolbert, Head of Equity Research at D. Boral Capital

FatPipe (NASDAQ:FATN) said D. Boral Capital's Jason Kolbert reiterated a Buy rating and maintained an $8.00 price target in a May 1, 2026 research update.

Rhea-AI Summary

FatPipe (NASDAQ:FATN) said D. Boral Capital's Jason Kolbert reiterated a Buy rating and maintained an $8.00 price target in a May 1, 2026 research update. FatPipe reported preliminary Q4 2026 guidance: revenue $6.6M–$7.0M and adjusted EBITDA $3.0M–$3.2M, with the midpoint implying ~79% YoY revenue growth.

The firm noted the analyst report was prepared independently and is not endorsed by FatPipe.

Positive

• Analyst Buy rating reiterated at $8.00 price target
• Preliminary Q4 2026 revenue guidance of $6.6M–$7.0M
• Preliminary adjusted EBITDA guidance of $3.0M–$3.2M
• Midpoint implies approximately 79% YoY revenue growth

Negative

• Guidance labeled preliminary, subject to revision
• Analyst report is independent and not endorsed by FatPipe

Argus May 7 session

+16.56% close to close Open Argus

Details

News Market Reaction – FATN

On May 7, the day this news came out, FATN closed 16.56% above the previous close.

Data tracked by StockTitan Argus for the May 7 session.

Market Context

On May 7, the day this news came out, the stock closed 16.6% above the previous close. A strong posi...

Analysis

On May 7, the day this news came out, the stock closed 16.6% above the previous close. A strong positive reaction aligns with the pattern seen after recent updates, where preliminary Q4 guidance and new sales initiatives were followed by gains of up to double‑digit percentages. The reiterated $8.00 target highlights confidence following guidance for $6.6M–$7.0M revenue and $3.0M–$3.2M adjusted EBITDA. Investors could still weigh execution risks and the stock’s position well below its $12.382 52‑week high.

Key Figures

Price target: $8.00 Q4 revenue guidance low: $6.6 million Q4 revenue guidance high: $7.0 million +5 more

Price target

$8.00

D. Boral Capital rating reiteration May 1, 2026

Q4 revenue guidance low

$6.6 million

Preliminary fiscal Q4 2026 revenue guidance

Q4 revenue guidance high

$7.0 million

Preliminary fiscal Q4 2026 revenue guidance

Q4 adjusted EBITDA low

$3.0 million

Preliminary fiscal Q4 2026 adjusted EBITDA guidance

Q4 adjusted EBITDA high

$3.2 million

Preliminary fiscal Q4 2026 adjusted EBITDA guidance

Q4 YoY revenue growth

79%

Implied midpoint YoY revenue growth for fiscal Q4 2026

Price change 24h

-8.06%

Move prior to publication of the analyst reiteration

52-week range

$1.31–$12.382

FATN 52-week low and high before this news

Historical Context

5 past events · Latest: May 05

5 events

1. May 05

   Analyst target raise

   24h Move

   +7.7%

   Zacks raised per-share valuation and highlighted stronger 2026 revenue outlook.

2. Apr 30

   Prelim Q4 results

   24h Move

   +22.6%

   Preliminary Q4 showed ~79% YoY revenue growth and EBITDA inflection.

3. Apr 29

   Procurement expansion

   24h Move

   +18.7%

   Expanded access via NASA SEWP, Equalis Group and state contracts.

4. Apr 28

   Replacement program

   24h Move

   +5.0%

   Launched VeloCloud Replacement Program with discounts and partner rebates.

5. Apr 27

   Investor conference

   24h Move

   -0.5%

   Announced participation at D. Boral Capital 2026 Global Conference.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

adjusted EBITDA, software-defined wide area networking, sd-wan

3 terms

adjusted EBITDA financial

"preliminary adjusted EBITDA guidance of $3.0 million to $3.2 million"

Adjusted EBITDA is a way companies measure how much money they make from their core operations, like running a business, by removing certain costs or income that aren’t part of regular business activities. It helps investors see how well a company is doing without distractions from unusual expenses or gains, making it easier to compare companies or track performance over time.

software-defined wide area networking technical

"pioneer in secure software-defined wide area networking (SD-WAN) and cybersecurity"

Software-defined wide area networking (SD‑WAN) is a method of managing and directing data traffic between offices, cloud services and remote users using software rather than fixed physical circuits. Like a smart traffic controller that chooses the fastest, cheapest route for each vehicle, SD‑WAN improves performance, reliability and security while lowering connectivity costs and simplifying management. Investors care because it can reduce operating expenses, enable faster rollout of digital services, and affect demand for networking and cloud-related spending.

sd-wan technical

"secure software-defined wide area networking (SD-WAN) and cybersecurity solutions"

SD‑WAN is a technology that uses software to control and direct wide-area network traffic between offices, data centers and cloud services instead of relying solely on traditional hardware routers. Think of it as a smart traffic manager that chooses the fastest, cheapest or safest route for each data flow, improving performance, cutting telecom costs and simplifying upgrades. Investors care because it can lower operating expenses, enable faster cloud adoption and create steady demand for networking and security services.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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SALT LAKE CITY, UT / ACCESS Newswire / May 7, 2026 / FatPipe, Inc., a multiple patents holder and pioneer in secure software-defined wide area networking (SD-WAN) and cybersecurity solutions, today announced that Jason Kolbert, Head of Equity Research at D. Boral Capital, has published an updated equity research report on the Company.

In its company update dated May 1, 2026, Jason Kolbert, Head of Equity Research, D. Boral Capital reiterated his Buy rating and maintained his $8.00 price target for FatPipe's common stock.

The report followed FatPipe's previously announced preliminary fiscal fourth quarter 2026 results, including preliminary revenue guidance of $6.6 million to $7.0 million and preliminary adjusted EBITDA guidance of $3.0 million to $3.2 million for the quarter ended March 31, 2026. The midpoint implies ~79% YoY revenue growth for the quarter.

"We appreciate D. Boral Capital's continued research coverage of FatPipe as we execute on our sales strategy across enterprise networking, SD-WAN, and cybersecurity," said Dr. Ragula Bhaskar, Chief Executive Officer of FatPipe. "We remain focused on serving enterprise, government, and service provider customers with secure, reliable, and high-performance networking solutions."

The updated D. Boral Capital report is available at: https://dboralcapital-portal.bluematrix.com/links2/html/064464d2-856c-488b-b8d2-c8abca7a796c?firmId=11777

The D. Boral Capital report was prepared independently by D. Boral Capital and reflects the views of its analysts. FatPipe does not endorse or adopt any analyst report, rating, price target, estimate, projection, or opinion. Analyst reports are not prepared by the Company and should not be considered a recommendation by FatPipe to buy, sell, or hold any security.

Forward-Looking Statements

Certain statements contained in this press release, may constitute forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements can generally be identified by our use of forward-looking terminology such as "may," "will," "expect," "intend," "anticipate," "estimate," "believe," "continue," or other similar words. Readers are cautioned not to place undue reliance on these forward-looking statements, which are based on management's current expectations and are inherently subject to various risks, uncertainties, assumptions, or changes in circumstances that are difficult to predict or quantify. These risks and uncertainties include, but are not limited to, those described in FatPipe's filings with the U.S. Securities and Exchange Commission. Except as required by law, FatPipe expressly disclaims a duty to provide updates to forward-looking statements, whether as a result of new information, future events or other occurrences.

Forward-looking statements speak only as of the date of this press release, and the Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law.

About FatPipe, Inc.

FatPipe pioneered the concept of software-defined wide area networking (SD-WAN) and hybrid WANs that eliminate the need for cooperation from ISPs and allow enterprises and service providers to control multi-link network traffic. FatPipe offers a single-stack networking and cybersecurity platform backed by 13 U.S. patents related to multipath and software-defined networking. FatPipe products are sold through more than 200 resellers worldwide.

For more information, please visit www.fatpipeinc.com.

Follow us on X @FatPipe_Inc.

Company Contact:

+1 801.683-5656 x 1140
Investor.ir@fatpipeinc.com

SOURCE: FatPipe Networks

View the original press release on ACCESS Newswire

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did D. Boral Capital say about FatPipe (FATN) on May 1, 2026?

D. Boral Capital reiterated a Buy rating and kept a $8.00 price target. According to the company, this update followed FatPipe's preliminary Q4 2026 revenue and adjusted EBITDA guidance.

What is FatPipe's preliminary Q4 2026 revenue and EBITDA guidance (FATN)?

FatPipe provided preliminary Q4 2026 revenue guidance of $6.6M–$7.0M and adjusted EBITDA guidance of $3.0M–$3.2M. According to the company, these figures are preliminary and subject to final reporting.

How much year‑over‑year growth did FatPipe report for Q4 2026 (FATN)?

The midpoint of the preliminary revenue range implies about 79% YoY revenue growth for Q4 2026. According to the company, this calculation is based on the provided preliminary guidance midpoint.

Does FatPipe endorse D. Boral Capital's Buy rating and $8 price target (FATN)?

No. According to the company, the D. Boral Capital report was prepared independently and FatPipe does not endorse or adopt analyst ratings, targets, or opinions.

What should investors note about FatPipe's preliminary guidance and analyst coverage (FATN)?

Investors should note the guidance is labeled preliminary and may change upon final reporting. According to the company, analyst coverage represents independent views, not company endorsements.