Medium materiality5/10
Fortinet price target lowered to $140 from $163
Why it may matterVerify against the original reporting
The substantial target cut is bearish, although the new target remains slightly above the posted price.
Public signal · 1-minute delayed
Signal brief
Source-backed market context you can read and share without an account.
AI summary
What happened, with direct paths to the underlying reporting
Scotiabank cut its FTNT price target by about 14% to $140. The posted price was $136.84, close to the revised target, and the reported price change since the signal is negative.
- Scotiabank reduced its FTNT target from $163 to $140.
- The revised target is about 2% above the posted price of $136.84.
Key facts
- 01
Target: $140
- 02
Posted price: $136.84
- 03
Analyst firm: Scotiabank
How to read this signal
Transparent limits for an AI-generated research aid
StockNews.AI groups source reporting, classifies the event, and measures subsequent price movement. This is informational research, not investment advice. Prices may be delayed or unavailable.