Why Fortinet Stock Is Trading Higher

Fortinet, Inc. 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

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: NewsMoverswhy it's moving
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!