Morgan Stanley analyst Hamza Fodderwala raised the firm’s price target on Fortinet (FTNT) to $113 from $106 and keeps an Overweight rating on the shares. Emerging product cycles, particularly those aligned with GenAI, favors Fortinet and Palo Alto Networks (PANW) given a network security refresh seen coming in the second half of 2025 and 2026, the analyst tells investors.
Maximize Your Portfolio with Data Driven Insights:
- Leverage the power of TipRanks' Smart Score, a data-driven tool to help you uncover top performing stocks and make informed investment decisions.
- Monitor your stock picks and compare them to top Wall Street Analysts' recommendations with Your Smart Portfolio
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FTNT: