Truist Securities Maintains Buy on Fortinet, Raises Price Target to $85
Portfolio Pulse from Benzinga Newsdesk
Truist Securities has maintained its Buy rating on Fortinet and raised the price target from $70 to $85, indicating confidence in the company's future performance.
October 23, 2024 | 2:09 pm
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Truist Securities has reaffirmed its Buy rating on Fortinet and increased the price target from $70 to $85, suggesting a positive outlook for the company's stock.
The increase in price target from $70 to $85 by Truist Securities indicates a strong positive sentiment towards Fortinet's future performance. This is likely to boost investor confidence and could lead to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100