Fortinet (FTNT) Stock: $300 Price Target And Hold Rating

By Amit Chowdhry ● May 11, 2022
  • The shares of Fortinet Inc (NASDAQ: FTNT) have received a $300 price target from Deutsche Bank. These are the details.

The shares of Fortinet Inc (NASDAQ: FTNT) have received a $300 price target from Deutsche Bank. And Deutsche Bank analyst Patrick Colville is maintaining a “Hold” rating on the shares.

Colville adjusted the rating following the company’s analyst day. And the company revealed that the fiscal 2025 billings projection of $10 billion was the standout metric. Plus Colville noted that the outlook was above investor expectations and $1.5 billion above Street numbers.

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