Citigroup Maintains Neutral on Fortinet, Raises Price Target to $76
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Fatima Boolani maintains a Neutral rating on Fortinet (NASDAQ:FTNT) but raises the price target from $66 to $76.
September 13, 2024 | 8:07 pm
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Citigroup's analyst maintains a Neutral rating on Fortinet but raises the price target from $66 to $76, indicating a positive outlook on the stock's potential.
The increase in the price target from $66 to $76 suggests a positive outlook on Fortinet's future performance, which could lead to a short-term increase in stock price. However, the Neutral rating indicates that the analyst does not see a strong buy opportunity, balancing the impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100