Morgan Stanley Maintains Overweight on Fortinet, Raises Price Target to $81
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Hamza Fodderwala has maintained an Overweight rating on Fortinet (NASDAQ:FTNT) and increased the price target from $77 to $81.
February 07, 2024 | 8:15 pm
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Morgan Stanley has reaffirmed its Overweight rating on Fortinet and raised the price target from $77 to $81.
The increase in price target by a reputable analyst like Hamza Fodderwala from Morgan Stanley is a strong positive signal for Fortinet. It suggests confidence in the company's future performance and growth potential, likely leading to increased investor interest and potentially a rise in stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100