Susquehanna Maintains Neutral on Fortinet, Raises Price Target to $80
Portfolio Pulse from Benzinga Newsdesk
Susquehanna analyst Anne Meisner maintains a Neutral rating on Fortinet (NASDAQ:FTNT) and raises the price target from $55 to $80.

February 07, 2024 | 2:08 pm
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Susquehanna maintains a Neutral rating on Fortinet but raises the price target from $55 to $80.
The increase in price target from $55 to $80 by Susquehanna indicates a positive outlook on Fortinet's stock value in the short term, despite maintaining a Neutral rating. This adjustment suggests that the analyst sees potential for growth or positive performance that was not previously accounted for, likely leading to increased investor interest and potentially a rise in stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100