UBS Maintains Neutral on Fortinet, Raises Price Target to $65
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Roger Boyd has maintained a Neutral rating on Fortinet (NASDAQ:FTNT) and increased the price target from $55 to $65.

January 10, 2024 | 1:54 pm
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UBS has maintained a Neutral rating on Fortinet but raised the price target from $55 to $65, indicating a positive outlook on the stock's value.
The increase in price target by UBS suggests an improved valuation of Fortinet, which could lead to increased investor confidence and a potential short-term rise in the stock price. However, the Neutral rating indicates that the analyst does not see significant momentum beyond the revised target, tempering the impact.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100