FTNT Stock: $380 Price Target From Wells Fargo

By Amit Chowdhry ● Oct 7, 2021
  • The shares of Fortinet Inc (NASDAQ: FTNT) have received a price target of $380 by Wells Fargo. These are the details.

The shares of Fortinet Inc (NASDAQ: FTNT) have received a price target of $380 by Wells Fargo. And Wells Fargo analyst Andrew Nowinski initiated coverage of Fortinet with an “Overweight” rating.

Nowinski said that the stock is a “Top Pick.” And Nowinski sees a number of favorable market trends that should support strong growth.

Plus Nowinski views Fortinet as being well-positioned to capitalize on its “sizable market opportunity.” Going forward, Nowinski believes Fortinet’s custom ASIC gives it a number of sustainable competitive advantages.

And Fortinet is expected to continue generating strong profitability and free cash flow.

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.