Fortinet Stock: Bearish Momentum and Downgrade Concerns

Fortinet, a large-cap cybersecurity company, has seen its stock decline by nearly twenty-eight percent from its fifty-two-week high, underperforming the broader market. The stock has been trading below key moving averages since late July, and a recent downgrade by Daiwa Securities has added to the bearish momentum. Despite this, Wall Street analysts maintain a cautious Hold rating, with a modest average price target suggesting a potential upside of just over four percent.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.