BTIG analyst Gray Powell maintained a Buy rating on Fortinet (NASDAQ:FTNT) on Tuesday, setting a price target of $291, which is approximately 13.39% above the present share price of $256.63.
Powell expects Fortinet to post earnings per share (EPS) of $0.66 for the third quarter of 2021.
The current consensus among 19 TipRanks analysts is for a Moderate Buy rating of shares in Fortinet, with an average price target of $237.78.
The analysts price targets range from a high of $291 to a low of $187.
In its latest earnings report, released on 03/31/2021, the company reported a quarterly revenue of $710.3 million and a net profit of $120.5 million. The company's market cap is $41.91 billion.
According to TipRanks.com, BTIG analyst Gray Powell is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 18.9% and a 65.19% success rate.
Founded in 2000, California-based Fortinet, Inc. provides broad, integrated, and automated cybersecurity solutions to a variety of business, such as enterprises, communication service providers and small businesses.