Fortinet raises annual revenue forecast
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August 7, 2024 7:00 AM EDT
RBC Capital analyst Dan Bergstrom raised the price target on Fortinet (NASDAQ: FTNT) to $72.00 (from $68.00) while maintaining a Sector Perform rating.
The analyst comments "The quarter had a better tone than the last several, in our view. Highlights included flat billings,... More
August 7, 2024 5:25 AM EDT
Citi analyst Fatima Boolani raised the price target on Fortinet (NASDAQ: FTNT) to $66.00 (from $65.00) while maintaining a Neutral rating.
The analyst comments "Relative to mixed/negative expectations, FTNTs top-to-bottom outperformance vs. consensus (albeit at high-end guide) offers a reprieve to a soft... More
August 7, 2024 5:19 AM EDT
Jefferies analyst Joseph Gallo raised the price target on Fortinet (NASDAQ: FTNT) to $70.00 (from $65.00) while maintaining a Hold rating.
The analyst comments "2Q billings of flat yoy was better than feared while 35% op mgn was vastly better than expected. FTNT maintained '24 billings guide... More
