Quest Partners LLC purchased a new stake in Fortinet, Inc., while Stock AI predicts a short-term increase of 7.2% but a long-term decrease of 4.6%. 🟢⬆️🔴⬇️
Stock AI’s (FTNT) Forecast get (+12.4% Profit)
StockAI’s analysis delivers real-world results. On 11 March 2024, $FTNT ($71.7), StockAI predicted a long-term 🔴 sell signal. It was accurate: 1 month later price dropped to $62.8 (🔴-12.4%). Selling FTNT on this signal yielded a +12.4% profit 💰💰.
FTNT-Fortinet, Inc. News
🔴 Rosenblatt Securities reissued their buy rating on FTNT stock, with a $85.00 price objective. This positive news could potentially lead to a price increase in the long-term.
🟢 Quest Partners LLC purchased a new stake in FTNT stock, valued at $196,000. This indicates investor confidence and could lead to a short-term price increase.
🔴 Envestnet Portfolio Solutions Inc. lessened its holdings in FTNT stock by 16.4% in the fourth quarter. This could potentially lead to a short-term price decrease.
🟢 Fisher Asset Management LLC increased its holdings in FTNT stock by 25.8% during the fourth quarter. This positive news could lead to a long-term price increase.
🔴 PNC Financial Services Group Inc. reduced its stake in FTNT stock by 61.5% in the fourth quarter. This could potentially lead to a short-term price decrease.
🟢 Fortinet director buys $34.9k in company stock, indicating confidence in the company’s future. This positive news could lead to a short-term price increase.
Fortinet, Inc. (FTNT) stock has recently seen a mix of positive and negative news. While some institutions have been increasing their holdings and expressing confidence in the company, others have been reducing their stakes. The reissued buy rating from Rosenblatt Securities could potentially drive up the stock price in the long-term, while the decrease in holdings by Envestnet Portfolio Solutions Inc. and PNC Financial Services Group Inc. could lead to short-term price decreases. Ultimately, the overall sentiment seems to be positive, with investor interest and confidence in Fortinet’s future prospects.
FTNT-Fortinet, Inc. Analyst Ratings
Analyst Ratings for Fortinet, Inc. Stock:
📉 Rosenblatt Securities reissued their buy rating on shares of Fortinet (NASDAQ:FTNT) with a $85.00 price target.
📈 Zacks Research boosted their Q2 2024 earnings per share estimates for Fortinet.
📉 Susquehanna reduced their price target on Fortinet from $80.00 to $65.00.
Sources:
1. ETFDailyNews – Rosenblatt Securities
2. ETFDailyNews – Zacks Research
3. ETFDailyNews – Susquehanna
Disclaimer
Investors may consider the AI predictions and news summaries as one factor in their investment decisions alongside their own research and risk tolerance.
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