TD Cowen analyst Shaul Eyal raised the firm’s price target on Fortinet (FTNT) to $105 from $90 and keeps a Buy rating on the shares. The firm said on its Analyst Day,the company provided investors with new medium-term targets. These were slightly above the Street and imply that the top vendor in global firewall shipments will continue to take share from legacy firewall vendors.
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Read More on FTNT:
- Fortinet price target raised to $90 from $84 at Stifel
- Fortinet price target raised to $100 from $95 at Baird
- Fortinet price target raised to $100 from $80 at Piper Sandler
- Fortinet price target raised to $106 from $105 at Morgan Stanley
- Fortinet price target raised to $90 from $77 at Deutsche Bank
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
