Mizuho Downgrades Fortinet to Underperform, Maintains Price Target to $68
Portfolio Pulse from Benzinga Newsdesk
Mizuho analyst Gregg Moskowitz has downgraded Fortinet (NASDAQ:FTNT) from Neutral to Underperform, while maintaining the price target at $68.
October 17, 2024 | 11:31 am
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Mizuho has downgraded Fortinet from Neutral to Underperform, indicating a negative outlook on the stock. The price target remains at $68.
The downgrade from Neutral to Underperform suggests that the analyst expects Fortinet's stock to underperform relative to the market. Maintaining the price target at $68 indicates that the analyst does not foresee significant upside potential. This downgrade is likely to negatively impact investor sentiment and could lead to a short-term decline in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100