Evercore ISI Group Maintains In-Line on Fortinet, Lowers Price Target to $67
Portfolio Pulse from Benzinga Newsdesk
Evercore ISI Group analyst Amit Daryanani maintains an In-Line rating on Fortinet (NASDAQ:FTNT) and lowers the price target from $72 to $67.
May 03, 2024 | 4:14 pm
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Evercore ISI Group maintains an In-Line rating on Fortinet and lowers the price target from $72 to $67.
The reduction in price target by Evercore ISI Group suggests a more conservative outlook on Fortinet's stock value in the short term. This adjustment reflects the analyst's view on potential challenges or slower growth than previously anticipated, which could lead to a negative sentiment among investors and possibly a decrease in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100