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.

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

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