Analysts raise Fortinet's price targets after strong earnings, though stock holds "Hold" rating.

Raymond James and other analysts have raised Fortinet's (NASDAQ:FTNT) price targets, citing strong earnings and growth potential. The company reported $1.43 billion in revenue for the latest quarter, surpassing analyst expectations. Fortinet’s stock reached $92.04 on Friday, with a market cap of $70.40 billion. Despite mixed ratings from various analysts, the overall consensus is a "Hold" with an average target price of $77.72. Institutional ownership stands at 83.71%, showing continued investor confidence.

November 09, 2024
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