Roth Capital initiated coverage of Fortinet (FTNT) with a Neutral rating and $103 price target Fortinet has guided FY25 Product growth to rebound to 10% and the firm sees upside to this guidance, but the risk/reward appears balanced given the stock’s valuation, the analyst tells investors. The firm also thinks Secure Access Service Edge and SecOps momentum may be slowing, which could present a risk to the 12% guidance the company provided at its last analyst day in late 2024, the firm added.
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