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Why Fortinet Stock Is Trading Higher

Fortinet, Inc. (NASDAQ: FTNT) shares are moving Monday after its price target was raised.
byRyan Gustafson
July 10, 2023
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Fortinet, Inc. (NASDAQ:FTNT) shares are moving Monday after its price target was raised.
What To Know: Morgan Stanley maintained an Overweight rating on the stock and raised its price target from $77 to $84.

Since the start of the year, the stock has rallied over 25%. More recently, during the past three months, the stock has risen over 17%.

The cybersecurity company announced that it will hold a conference call August 3 to discuss its second quarter 2023 financial results.

Related Link: What’s Going On With SoFi Stock Today?

FTNT Price Action: Shares of FTNT were up 5.29% at $78.63 at the time of publication, according to Benzinga Pro.

Image by Pete Linforth from Pixabay

 
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