Rosenblatt Maintains Buy on Fortinet, Lowers Price Target to $68
Portfolio Pulse from Benzinga Newsdesk
Rosenblatt analyst Catharine Trebnick maintains a Buy rating on Fortinet (NASDAQ:FTNT) but lowers the price target from $85 to $68.

August 05, 2024 | 3:54 pm
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NEUTRAL IMPACT
Rosenblatt analyst Catharine Trebnick maintains a Buy rating on Fortinet but lowers the price target from $85 to $68.
The maintained Buy rating suggests continued confidence in Fortinet's long-term prospects, but the lowered price target indicates some short-term concerns or adjustments in valuation. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100