Why Fortinet Stock Is Trading Higher
Portfolio Pulse from Ryan Gustafson
Shares of Fortinet, Inc. (NASDAQ:FTNT) are trading higher after Morgan Stanley maintained an Overweight rating on the stock and raised its price target from $77 to $84. The stock has rallied over 25% since the start of the year and over 17% in the past three months. The company will hold a conference call on August 3 to discuss its Q2 2023 financial results.
July 10, 2023 | 7:10 pm
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Fortinet's stock is trading higher after Morgan Stanley raised its price target. The stock has seen significant growth this year, and the company is set to discuss its Q2 2023 financial results in August.
The increase in Fortinet's stock price is likely due to Morgan Stanley's raised price target, which signals confidence in the company's performance. The stock's significant growth this year also indicates a positive market sentiment. The upcoming financial results could further influence the stock's performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100