Analysts have been eager to weigh in on the Technology sector with new ratings on Fortinet (FTNT – Research Report) and Super Micro Computer (SMCI – Research Report).
Fortinet (FTNT)
Wedbush analyst Daniel Ives maintained a Buy rating on Fortinet today and set a price target of $86.00. The company’s shares closed last Tuesday at $63.18.
According to TipRanks.com, Ives is a 4-star analyst with an average return of
Currently, the analyst consensus on Fortinet is a Moderate Buy with an average price target of $76.07, implying a 19.3% upside from current levels. In a report issued on April 22, Robert W. Baird also maintained a Buy rating on the stock with a $81.00 price target.
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Super Micro Computer (SMCI)
Wedbush analyst Matt Bryson maintained a Hold rating on Super Micro Computer today and set a price target of $800.00. The company’s shares closed last Tuesday at $858.80.
According to TipRanks.com, Bryson is a 5-star analyst with an average return of
Super Micro Computer has an analyst consensus of Moderate Buy, with a price target consensus of $1151.10, which is a 31.4% upside from current levels. In a report issued on April 24, KeyBanc also initiated coverage with a Hold rating on the stock.
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Read More on FTNT:
- Is FTNT a Buy, Before Earnings?
- Fortinet Named a Challenger in the 2024 Gartner® Magic Quadrant™ for Security Service Edge
- Fortinet Releases its 2023 Sustainability Report
- Fortinet Wins Two Google Cloud Technology Partner of the Year Awards for Security
- Early notable gainers among liquid option names on April 3rd
