The sector includes companies with the largest market capitalizations in the world, such as Apple Inc. (AAPL), Microsoft Corp. (MSFT), and Amazon.com Inc. (AMZN). Tech stocks, represented by the Technology Select Sector SPDR Fund (XLK), have outperformed the broader market over the past year. Here are the top five tech stocks with the best value, fastest growth, and most momentum.
KeyBanc analyst Michael Turits raised the price target on Fortinet Inc (NASDAQ: FTNT) to $370 from $324, implying 11.5% upside, and reiterated an Overweight. The rating follows vigorous Q3 checks, the expectation for minimal supply chain disruption, and solid VAR survey results. The analyst notes that his Q3 VAR survey saw an increased percentage of respondents indicating they met or exceeded this quarter's plan. At the same time, however, there were increased reports of supply chain delays, and
Fortinet (FTNT) closed the most recent trading day at $335.29, moving +0.28% from the previous trading session.