Piper Sandler raised the firm’s price target on Fortinet (FTNT) to $80 from $70 and keeps a Neutral rating on the shares after quarterly results. Despite “favorable” commentary around ...
Piper Sandler raised the firm’s price target on Fortinet (FTNT) to $100 from $80 and keeps a Neutral rating on the shares after attending the company’s analyst day, with the session focused on ...
Fortinet reaffirmed its 2024 margin guidance of 80.8% gross margins and 33.4% operating margins. However, higher marketing investments to drive growth may result in slight margin reductions ...
However, with Fortinet stock trading at $80.51, below the 20-day simple moving average (SMA) of $80.71, some short-term bearish momentum prevails. The price is above the eight-day SMA of $79.20 ...
At least a dozen Wall Street analysts hiked their price targets on Fortinet stock in the wake of the cybersecurity firm's investor day, where it provided new financial targets.