Rosenblatt Maintains Buy on Fortinet, Lowers Price Target to $90
Portfolio Pulse from richadhand@benzinga.com
Rosenblatt analyst Catharine Trebnick maintains a 'Buy' rating on Fortinet (NASDAQ:FTNT) but has lowered the price target from $95 to $90.
August 04, 2023 | 3:27 pm
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Despite the lowered price target, Rosenblatt maintains a 'Buy' rating on Fortinet, indicating continued confidence in the company's performance.
The lowered price target might initially cause some investor concern, potentially leading to short-term price volatility. However, the maintained 'Buy' rating indicates that the analyst still sees potential in the company, which could balance out any negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100