- 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.
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