Cantor Fitzgerald Assumes Fortinet at Neutral, Raises Price Target to $75
Portfolio Pulse from Benzinga Newsdesk
Cantor Fitzgerald analyst Yi Fu Lee has assumed coverage of Fortinet (NASDAQ:FTNT) with a Neutral rating and increased the price target to $75. This adjustment reflects the analyst's current valuation of the company.

February 07, 2024 | 6:39 pm
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NEUTRAL IMPACT
Fortinet's coverage was assumed by Cantor Fitzgerald with a Neutral rating and a raised price target to $75.
The assumption of coverage by Cantor Fitzgerald with a Neutral rating and an increased price target suggests a balanced view on Fortinet's stock. While the raised target indicates a positive outlook on the company's valuation, the Neutral rating implies that the analyst sees the stock as fairly valued at its current level, suggesting no significant short-term price movement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100