Mizuho Maintains Neutral on Fortinet, Raises Price Target to $70
Portfolio Pulse from Benzinga Newsdesk
Mizuho analyst Gregg Moskowitz maintains a Neutral rating on Fortinet (NASDAQ:FTNT) and raises the price target from $60 to $70.

February 07, 2024 | 1:46 pm
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Mizuho analyst Gregg Moskowitz maintains a Neutral rating on Fortinet but raises the price target from $60 to $70.
The increase in price target from $60 to $70 by a reputable analyst suggests a positive outlook on Fortinet's stock value in the short term, despite the Neutral rating. This adjustment reflects an expectation of stronger performance or favorable market conditions for Fortinet, potentially leading to increased investor interest and a positive impact on the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 90