Scotiabank Maintains Sector Outperform on Fortinet, Raises Price Target to $90
Portfolio Pulse from Benzinga Newsdesk
Scotiabank analyst Patrick Colville has maintained a Sector Outperform rating on Fortinet (NASDAQ:FTNT) and increased the price target from $70 to $90.
February 07, 2024 | 7:02 pm
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Scotiabank has maintained a Sector Outperform rating on Fortinet and raised the price target from $70 to $90.
The upgrade in the price target by Scotiabank reflects a positive outlook on Fortinet's stock, likely due to strong performance or favorable market conditions. This endorsement from a reputable financial institution could lead to increased investor confidence and demand for FTNT shares, potentially driving up the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100