HSBC Initiates Coverage On Fortinet with Buy Rating, Announces Price Target of $75
Portfolio Pulse from Benzinga Newsdesk
HSBC analyst Stephen Bersey has initiated coverage on Fortinet (NASDAQ:FTNT) with a Buy rating and a price target of $75.
September 29, 2023 | 10:57 am
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HSBC has initiated coverage on Fortinet with a Buy rating and a price target of $75, which could positively impact the company's stock.
The initiation of coverage by HSBC with a Buy rating indicates a positive outlook for Fortinet. The price target of $75, if higher than the current trading price, suggests potential upside, which could attract investors and drive the stock price up in the short term.
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