JP Morgan Maintains Neutral on Fortinet, Raises Price Target to $56
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Brian Essex has maintained a Neutral rating on Fortinet (NASDAQ:FTNT) and increased the price target from $52 to $56.

December 11, 2023 | 4:03 pm
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NEUTRAL IMPACT
JP Morgan analyst Brian Essex maintained a Neutral rating on Fortinet but raised the price target from $52 to $56.
The increase in price target by JP Morgan suggests a positive outlook on Fortinet's valuation, but the maintenance of a Neutral rating indicates that the analyst does not see significant short-term price movement. The adjustment in price target may lead to a modest positive investor sentiment, but as it is not an upgrade to a Buy rating, the impact is likely to be limited.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100