RBC Capital Maintains Sector Perform on Fortinet, Raises Price Target to $71
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Dan Bergstrom has maintained a 'Sector Perform' rating on Fortinet (NASDAQ:FTNT) and increased the price target from $60 to $71.

February 07, 2024 | 5:10 pm
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RBC Capital has maintained its 'Sector Perform' rating on Fortinet and raised the price target from $60 to $71.
The increase in price target by RBC Capital suggests a positive outlook on Fortinet's stock, potentially leading to a short-term increase in its stock price. The 'Sector Perform' rating indicates that the analyst believes Fortinet will perform in line with the sector, but the raised target price signals confidence in the company's potential to grow.
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