BMO Capital Maintains Market Perform on Fortinet, Raises Price Target to $82
Portfolio Pulse from Benzinga Newsdesk
BMO Capital analyst Keith Bachman maintains a Market Perform rating on Fortinet (NASDAQ:FTNT) and raises the price target from $70 to $82.
February 07, 2024 | 2:30 pm
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BMO Capital analyst Keith Bachman maintains a Market Perform rating on Fortinet and raises the price target from $70 to $82.
The increase in price target from $70 to $82 by a reputable analyst firm like BMO Capital suggests a positive outlook on Fortinet's stock in the short term. This adjustment reflects an expectation of stronger performance or favorable market conditions for Fortinet, likely leading to increased investor confidence and potential upward movement in the stock price.
CONFIDENCE 95
IMPORTANCE 80
RELEVANCE 90