• Wed. Sep 28th, 2022

Fortinet stock price target raised at Wedbush, citing stock split and increasing cyber threats

Byanna

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Wedbush raised its Fortinet Inc. stock price to $76 from $68 on Tuesday, citing the cybersecurity company’s recent stock split and an increasingly complex cyber threat environment. “While a slowing macro and potential recession are being closely watched, priorities are clear for CIOs [Chief Information Officers] and CISOs [Chief Information Security Officers] in this environment as protecting enterprises against rising sophisticated threats is a major issue for Boards and C- Level with more data migrating to the cloud and vulnerabilities across the board (endpoints, mobile, access levels),”wrote Wedbush analyst Dan Ives,…



Image and article originally from www.marketwatch.com. Read the original article here.