Truist Securities Maintains Buy on Fortinet, Raises Price Target to $80-Report Released on 6th February 2024
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Joel Fishbein maintains a Buy rating on Fortinet (NASDAQ:FTNT) and raises the price target from $60 to $80 as of 6th February 2024.
February 07, 2024 | 9:25 pm
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Truist Securities raises Fortinet's price target from $60 to $80, maintaining a Buy rating.
The increase in price target by Truist Securities from $60 to $80, while maintaining a Buy rating, is a strong positive signal to the market. This suggests that the analyst sees significant upside potential in Fortinet's stock, likely due to positive performance or outlook. Such a substantial adjustment in the price target can lead to increased investor confidence and potentially drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100