20 Analysts Assess Fortinet: What You Need To Know
Portfolio Pulse from Benzinga Insights
Over the past three months, 20 analysts have evaluated Fortinet (NASDAQ:FTNT), showing a range of sentiments from bullish to bearish. The average 12-month price target has increased by 4.42% to $72.05. Analysts have adjusted their ratings and price targets, reflecting their views on Fortinet's market position and financial performance. Fortinet has shown strong profitability and asset management but faces challenges with debt management.
October 07, 2024 | 9:00 pm
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Analysts have shown a range of sentiments towards Fortinet, with an average price target increase of 4.42% to $72.05. The company demonstrates strong profitability and asset management but faces challenges with high debt levels.
The increase in the average price target and the majority of analysts raising their ratings suggest a positive short-term outlook for Fortinet. The company's strong profitability and asset management are favorable, but high debt levels pose a risk. Overall, the sentiment leans towards a positive impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100