Fortinet Price (FTNT) Target Cut to $80 Despite Strong Q2 and Guidance Raise

Fortinet, Inc. (NASDAQ:FTNT) is one of the AI Stocks Analysts Are Watching Closely. On August 11, Susquehanna lowered the firm’s price target on the stock to $80 from $110 and kept a Neutral rating on the shares.

According to the firm, Fortinet delivered a fine 2Q and raised its guidance across most metrics. The firm likes the company, its market opportunity, and large firewall refresh cycle. Moreover, the risk/reward appears balanced at current levels.

Fortinet, Inc. (NASDAQ:FTNT), a cybersecurity company, provides enterprise-level next-generation firewalls and network security solutions, leveraging artificial intelligence across its cybersecurity products.

A cybersecurity expert monitoring the security of the company’s assets, emphasizing the importance of data protection.

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Disclosure: None.