Scotiabank analyst Patrick Colville maintained a Buy rating on Fortinet (FTNT – Research Report) today and set a price target of $90.00. The company’s shares closed yesterday at $67.48.
Colville covers the Technology sector, focusing on stocks such as Zscaler, Check Point, and Palo Alto Networks. According to TipRanks, Colville has an average return of 2.3% and a 54.05% success rate on recommended stocks.
Fortinet has an analyst consensus of Hold, with a price target consensus of $70.26, which is a 4.12% upside from current levels. In a report released today, Morgan Stanley also maintained a Buy rating on the stock with a $81.00 price target.
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FTNT market cap is currently $50.75B and has a P/E ratio of 46.38.
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Fortinet (FTNT) Company Description:
Founded in 2000, California-based Fortinet, Inc. provides broad, integrated, and automated cybersecurity solutions to a variety of business, such as enterprises, communication service providers and small businesses.
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