Rosenblatt analyst Catharine Trebnick downgraded Fortinet (FTNT) to Neutral from Buy with a price target of $85, down from $125. The firm expects the stock to “trade sideways for a while” with limited upside during a “key refresh year,” the analyst tells investors in a post-earnings note.
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Read More on FTNT:
- Fortinet price target lowered to $90 from $110 at Barclays
- Fortinet price target lowered to $85 from $100 at Jefferies
- Fortinet’s Growth Prospects Under Scrutiny Amid CY26 Upgrade Cycle Concerns
- Fortinet downgraded to Neutral from Overweight at Piper Sandler
- Fortinet downgraded to Equal Weight from Overweight at Morgan Stanley