Fortinet (FTNT) PT Raised to $88 at JPMorgan

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Wells Fargo expects this cyber stock to outperform

August 1, 2023 2:25 PM EDT

Given the ever-increasing threat of cyber-attacks, demand for cyber security services and products continues to rise.

Even with the sector shifting to the cloud and AI, demand remains high, and Wells Fargo said in a note Tuesday that it expects Fortinet (NASDAQ: FTNT) to have been one of the primary beneficiaries in the second quarter.

The firm's analyst, Andrew... More