Susquehanna Maintains Neutral on Fortinet, Lowers Price Target to $65
Portfolio Pulse from Benzinga Newsdesk
Susquehanna analyst Shyam Patil maintains a Neutral rating on Fortinet (NASDAQ:FTNT) and lowers the price target from $80 to $65.
May 06, 2024 | 12:23 pm
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Susquehanna analyst Shyam Patil maintains a Neutral rating on Fortinet and lowers the price target from $80 to $65.
The reduction in price target by Susquehanna reflects a bearish outlook on Fortinet's stock price in the short term. A lower price target often leads to a negative perception among investors, potentially causing a decrease in stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100