Analysts Are Neutral on Top Technology Stocks: Fortive (FTV), Fortinet (FTNT)

Analysts fell to the sidelines weighing in on Fortive (FTVResearch Report), Fortinet (FTNTResearch Report) and DoubleVerify Holdings (DVResearch Report) with neutral ratings, indicating that the experts are neither bullish nor bearish on the stocks.

Fortive (FTV)

Rosenblatt Securities analyst Scott Graham reiterated a Hold rating on Fortive yesterday and set a price target of $75.00. The company’s shares closed last Friday at $72.66.

According to TipRanks.com, Graham is a 5-star analyst with an average return of 15.1% and a 70.0% success rate. Graham covers the Industrial Goods sector, focusing on stocks such as Altra Industrial Motion, Thermon Group Holdings, and Rockwell Automation.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Fortive with a $79.90 average price target, representing an 11.1% upside. In a report issued on July 30, Morgan Stanley also maintained a Hold rating on the stock with a $78.00 price target.

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Fortinet (FTNT)

In a report issued on July 30, Saket Kalia from Barclays maintained a Hold rating on Fortinet, with a price target of $305.00. The company’s shares closed last Friday at $272.24, close to its 52-week high of $277.00.

According to TipRanks.com, Kalia is a 5-star analyst with an average return of 18.7% and a 62.5% success rate. Kalia covers the Technology sector, focusing on stocks such as Duck Creek Technologies, Ping Identity Holding, and Procore Technologies.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Fortinet with a $289.13 average price target, a 6.7% upside from current levels. In a report issued on July 16, Mizuho Securities also maintained a Hold rating on the stock with a $250.00 price target.

DoubleVerify Holdings (DV)

In a report issued on July 30, Raimo Lenschow from Barclays maintained a Hold rating on DoubleVerify Holdings, with a price target of $40.00. The company’s shares closed last Friday at $34.60.

According to TipRanks.com, Lenschow is a top 25 analyst with an average return of 28.4% and a 76.5% success rate. Lenschow covers the Technology sector, focusing on stocks such as Zeta Global Holdings Corp, Qualtrics International, and ZoomInfo Technologies.

DoubleVerify Holdings has an analyst consensus of Moderate Buy, with a price target consensus of $40.44.

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