Where Fortinet Stands With Analysts
Portfolio Pulse from Benzinga Insights
Over the past 3 months, 25 Wall Street analysts have provided ratings for Fortinet (NASDAQ:FTNT), with 8 bullish, 3 somewhat bullish, and 14 indifferent. The average 12-month price target is $62.56, which is a 14.12% decrease from the previous target of $72.85. There have been no bearish ratings. Analysts rate stocks to predict performance and provide investment guidance.
December 11, 2023 | 8:00 pm
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Fortinet has received mostly positive ratings from analysts, with no bearish outlooks. The average price target has decreased by 14.12% to $62.56, indicating a potential downside according to analysts.
The decrease in the average price target suggests that analysts expect Fortinet's stock price to potentially decrease in the short term. The lack of bearish ratings indicates a generally positive sentiment, but the lowered target price could lead to negative investor sentiment and a short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100