Baird raised the firm’s price target on Fortinet (FTNT) to $100 from $95 and keeps an Outperform rating on the shares. The firm attended its analyst day which showcased its secure-networking leadership, expanding into high-growth adjacent markets. Mid-term targets and implied FY25 were arriving somewhat lighter than buy-side ‘high-hopes’ leading to a near-term recalibration of expectations.
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