Baird lowered the firm’s price target on Fortinet (FTNT) to $86 from $90 and keeps a Neutral rating on the shares. The firm updated its model following Q3 results which showed a strong quarter for product demand but services are still muted.
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Read More on FTNT:
- Fortinet price target lowered to $80 from $85 at Jefferies
- Fortinet price target lowered to $72 from $75 at Mizuho
- Fortinet’s Mixed Performance and Future Prospects Lead to Hold Rating
- Fortinet’s Strategic Shift and Balanced Outlook: Hold Rating Maintained Amid Growth and Transition
- Fortinet’s Mixed Financial Outlook and Hold Rating Amid Slower Services Revenue Growth