Stifel analyst Adam Borg raised the firm’s price target on Fortinet to $72 from $64 and keeps a Buy rating on the shares following the company’s "better-than-feared" report and FY23 guidance. The "quarter was not without warts," but "this was an overall solid set of results," said the firm, which continues to believe Fortinet remains well-positioned to be a net-share gainer.
Published first on TheFly
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