Fortinet Unveils New FortiGate 200G Series to Deliver Cutting-Edge Performance and AI-Powered Security Services to the Modern Campus

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Fortinet (FTNT) PT Lowered to $69 at UBS

May 3, 2024 7:01 AM EDT

UBS analyst Fatima Boolani lowered the price target on Fortinet (NASDAQ: FTNT) to $69.00 (from $76.00) while maintaining a Neutral rating.

The analyst comments "1Q results were mixed, with billings coming in 1% light of expectations, but with modest upside to revenue, primarily driven by upside to... More

Fortinet (FTNT) PT Lowered to $55 at Cantor Fitzgerald

May 3, 2024 6:55 AM EDT

Cantor Fitzgerald analyst Yi Fu Lee lowered the price target on Fortinet (NASDAQ: FTNT) to $55.00 (from $65.00) while maintaining a Neutral rating.

The analyst comments "We are maintaining our Neutral rating and lowering our PT to $55 from $65 on continued hardware digestion headwinds. Fortinet delivered a... More