RBC Capital Maintains Sector Perform on Fortinet, Lowers Price Target to $55
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Dan Bergstrom has maintained a 'Sector Perform' rating on Fortinet (NASDAQ:FTNT) but lowered the price target from $68 to $55.
November 03, 2023 | 6:49 pm
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Fortinet's price target has been lowered from $68 to $55 by RBC Capital, though the 'Sector Perform' rating is maintained.
The lowering of the price target by RBC Capital indicates a less optimistic outlook for Fortinet's stock in the short term. This could potentially lead to a decrease in the stock's price as investors adjust their expectations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100