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.
Fortinet, Inc. (FTNT) stock has climbed steadily in 2021, jumping +123.6%. And it could be setting up for more highs soon as cybersecurity becomes even more important for businesses worldwide.