Check Out What Whales Are Doing With FTNT
Portfolio Pulse from Benzinga Insights
A significant investor has taken a bearish stance on Fortinet (NASDAQ:FTNT), with 69% of recent trades being bearish. The price target for Fortinet over the last 3 months has been between $48.0 and $75.0. The current price of FTNT is down -1.12% at $59.88. Several financial institutions have maintained their positive ratings on Fortinet, with price targets ranging from $70 to $95.
August 11, 2023 | 8:00 pm
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NEGATIVE IMPACT
Bearish stance taken by a major investor on Fortinet. Positive ratings maintained by several financial institutions.
The bearish stance taken by a major investor could potentially drive the stock price down in the short term. However, the positive ratings maintained by several financial institutions could counteract this effect to some extent.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100