There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Fortinet (FTNT – Research Report) and Nutanix (NTNX – Research Report) with bullish sentiments.
Fortinet (FTNT)
In a report released today, Gabriela Borges from Goldman Sachs maintained a Buy rating on Fortinet, with a price target of $85.00. The company’s shares closed last Tuesday at $67.48.
According to TipRanks.com, Borges is a 4-star analyst with an average return of
Currently, the analyst consensus on Fortinet is a Hold with an average price target of $73.22, implying a 10.1% upside from current levels. In a report issued on January 23, Morgan Stanley also maintained a Buy rating on the stock with a $77.00 price target.
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Nutanix (NTNX)
Piper Sandler analyst James Fish reiterated a Buy rating on Nutanix today and set a price target of $67.00. The company’s shares closed last Tuesday at $56.54, close to its 52-week high of $58.95.
According to TipRanks.com, Fish is a 5-star analyst with an average return of
Currently, the analyst consensus on Nutanix is a Strong Buy with an average price target of $55.54, implying a -4.1% downside from current levels. In a report issued on February 5, JMP Securities also maintained a Buy rating on the stock with a $70.00 price target.
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