Fortinet (NASDAQ:FTNT – Get Free Report) was upgraded by research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued to investors on Monday
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FTNT has been the subject of a number of other research reports. Morgan Stanley reiterated a “positive” rating and issued a $136.00 target price (up from $133.00) on shares of Fortinet in a research report on Thursday. TD Cowen restated a “buy” rating and set a $215.00 price target (up from $160.00) on shares of Fortinet in a report on Monday, July 13th. Barclays set a $190.00 price objective on Fortinet and gave the stock an “equal weight” rating in a report on Thursday. DZ Bank downgraded Fortinet from a “hold” rating to a “strong sell” rating in a research note on Thursday. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and issued a $190.00 target price on shares of Fortinet in a research report on Thursday. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, twenty-one have issued a Hold rating and five have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Fortinet currently has an average rating of “Hold” and a consensus price target of $150.91.
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Fortinet Price Performance
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Shares of FTNT opened at $161.95 on Monday. The company has a market capitalization of $118.82 billion, a price-to-earnings ratio of 57.02, a P/E/G ratio of 3.93 and a beta of 1.07. Fortinet has a fifty-two week low of $70.12 and a fifty-two week high of $170.35. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.28 and a quick ratio of 1.19. The business’s 50-day moving average is $150.50 and its 200-day moving average is $109.31
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