Cracking The Code: Understanding Analyst Reviews For Fortinet
Portfolio Pulse from Benzinga Insights
Fortinet (NASDAQ:FTNT) has been analyzed by 20 analysts, showing a range of opinions from bullish to bearish. Recent analyst actions include several rating upgrades and price target increases, with an average 12-month price target of $73.5. Fortinet's financial performance shows strong net margins and ROE, but challenges in debt management.
October 23, 2024 | 3:01 pm
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Fortinet has received mixed analyst ratings, with several upgrades and increased price targets. The average 12-month price target is now $73.5, up from $68.80. Financially, Fortinet shows strong net margins and ROE but faces challenges with a high debt-to-equity ratio.
The news highlights a positive shift in analyst sentiment with several rating upgrades and increased price targets, suggesting potential short-term price appreciation. However, the high debt-to-equity ratio poses a risk, which investors should monitor.
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IMPORTANCE 80
RELEVANCE 100