Cantor Fitzgerald lowers Fortinet target to $145
Bearish analyst signal based on a target below the current reference price; the already-large decline raises the risk that the view is partly priced in.
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Bearish analyst signal based on a target below the current reference price; the already-large decline raises the risk that the view is partly priced in.
What happened, with direct paths to the underlying reporting
Cantor Fitzgerald lowered its Fortinet target to $145, about 17% below the posted $174.08 price. FTNT had also declined 21.83% since the signal, consistent with the negative direction but indicating the move may already be substantial.
Target: $145
Posted price: $174.08
Analyst firm: Cantor Fitzgerald
Analyst: Jonathan Ruykhaver
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