Deep Dive Into Fortinet Stock: Analyst Perspectives (20 Ratings)
Portfolio Pulse from Benzinga Insights
Fortinet (NASDAQ:FTNT) has received 20 analyst ratings in the last three months, with a mix of bullish and neutral sentiments. The average 12-month price target has increased to $71.85, reflecting a 3.58% rise. Analysts have adjusted their ratings and price targets, indicating a positive outlook for Fortinet. The company shows strong financial performance with high net margins and ROE, but faces challenges in debt management.

September 13, 2024 | 9:00 pm
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POSITIVE IMPACT
Fortinet has received a mix of bullish and neutral ratings from analysts, with an average price target increase to $71.85. The company's strong financial performance is highlighted by high net margins and ROE, though it faces challenges with debt management.
The increase in average price target and the positive adjustments in analyst ratings suggest a bullish sentiment towards Fortinet. The company's strong financial metrics, such as high net margins and ROE, support this positive outlook. However, the high debt-to-equity ratio poses a risk, which slightly tempers the overall positive impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100