Cantor Fitzgerald Maintains Neutral on Fortinet, Lowers Price Target to $55
Portfolio Pulse from Benzinga Newsdesk
Cantor Fitzgerald analyst Yi Fu Lee maintains a Neutral rating on Fortinet (NASDAQ:FTNT) and lowers the price target from $65 to $55.
May 03, 2024 | 3:06 pm
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Cantor Fitzgerald analyst Yi Fu Lee maintains a Neutral rating on Fortinet and lowers the price target from $65 to $55.
The reduction in price target by Cantor Fitzgerald, while maintaining a Neutral rating, suggests a cautious outlook on Fortinet's short-term price movement. This adjustment reflects an expectation of limited upside potential or possible downside, which could lead to a negative impact on the stock's short-term performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100