Baird Maintains Outperform on Fortinet, Lowers Price Target to $75
Portfolio Pulse from Benzinga Newsdesk
Baird analyst Shrenik Kothari maintains an Outperform rating on Fortinet (NASDAQ:FTNT) but lowers the price target from $81 to $75.
May 03, 2024 | 11:41 am
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Baird maintains an Outperform rating on Fortinet but lowers the price target from $81 to $75.
While the reduction in price target could suggest a more cautious outlook on Fortinet's short-term price potential, the maintenance of an Outperform rating indicates a continued positive view on the company's fundamentals and long-term prospects. This mixed signal might lead to a neutral short-term impact on the stock price as investors weigh the lowered price target against the analyst's overall bullish stance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90