Robert W. Baird analyst Shrenik Kothari maintained a Buy rating on Fortinet (FTNT – Research Report) yesterday. The company’s shares closed yesterday at $62.62.
Kothari covers the Technology sector, focusing on stocks such as Fortinet, Zscaler, and Cloudflare. According to TipRanks, Kothari has an average return of 20.8% and an 84.06% success rate on recommended stocks.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Fortinet with a $76.86 average price target, representing a 22.74% upside. In a report released yesterday, Capital One Financial also initiated coverage with a Buy rating on the stock with a $74.00 price target.
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FTNT market cap is currently $49.87B and has a P/E ratio of 47.63.
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Founded in 2000, California-based Fortinet, Inc. provides broad, integrated, and automated cybersecurity solutions to a variety of business, such as enterprises, communication service providers and small businesses.
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