Evercore ISI analyst Kenneth Talanian maintained a Hold rating on Fortinet (FTNT – Research Report) on November 15 and set a price target of $90.00. The company’s shares closed last Monday at $101.54, close to its 52-week high of $101.64.
According to TipRanks.com, Talanian is a 5-star analyst with an average return of 16.7% and a 72.8% success rate. Talanian covers the Technology sector, focusing on stocks such as CyberArk Software, NortonLifeLock, and Check Point.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Fortinet with a $100.75 average price target, which is a -0.6% downside from current levels. In a report issued on November 1, BMO Capital also upgraded the stock to Hold with a $104.00 price target.
The company has a one-year high of $101.64 and a one-year low of $64.41. Currently, Fortinet has an average volume of 1.3M.
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Fortinet, Inc. provides cybersecurity solutions to variety of business, such as enterprises, communication service providers and small businesses. It operates through the following segments Network Security, Fortinet Security Fabric, Cloud Security and Internet of Things and Operational Technology.