In a report released today, Catharine Trebnick from Rosenblatt Securities reiterated a Buy rating on Fortinet, with a price target of $125.00. The company’s shares closed last Friday at $104.82.
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Trebnick covers the Technology sector, focusing on stocks such as Fortinet, Zscaler, and Zoom Video Communications. According to TipRanks, Trebnick has an average return of -3.9% and a 45.43% success rate on recommended stocks.
Fortinet has an analyst consensus of Moderate Buy, with a price target consensus of $109.57, implying a 4.53% upside from current levels. In a report released on July 24, TD Cowen also reiterated a Buy rating on the stock with a $105.00 price target.
FTNT market cap is currently $80.23B and has a P/E ratio of 43.14.
Read More on FTNT:
- Fortinet price target raised to $110 from $95 at Wells Fargo
- Fortinet announces expanded innovations within FortiOS system
- Fortinet price target raised to $110 from $100 at Cantor Fitzgerald
- Fortinet price target raised to $110 from $103 at Barclays
- Fortinet Poised for Strong Performance: Buy Rating Affirmed Amid Robust Demand and Favorable Market Conditions