Wedbush analyst Daniel Ives maintained a Buy rating on Fortinet (FTNT – Research Report) today and set a price target of $86.00. The company’s shares closed yesterday at $67.48.
According to TipRanks, Ives is a 5-star analyst with an average return of 13.1% and a 57.95% success rate. Ives covers the Technology sector, focusing on stocks such as Apple, Microsoft, and Check Point.
Fortinet has an analyst consensus of Hold, with a price target consensus of $70.92, which is a 5.10% 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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The company has a one-year high of $81.24 and a one-year low of $44.12. Currently, Fortinet has an average volume of 6.82M.
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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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