Colliers Securities analyst Catharine Trebnick reiterated a Buy rating on Fortinet (NASDAQ:FTNT) on Friday, setting a price target of $230, which is approximately 17.67% above the present share price of $195.47.
Trebnick expects Fortinet to post earnings per share (EPS) of $0.90 for the second quarter of 2021.
The current consensus among 20 TipRanks analysts is for a Moderate Buy rating of shares in Fortinet, with an average price target of $196.89.
The analysts price targets range from a high of $240 to a low of $104.
In its latest earnings report, released on 12/31/2020, the company reported a quarterly revenue of $748 million and a net profit of $168.2 million. The company's market cap is $31.9 billion.
According to TipRanks.com, Colliers Securities analyst Catharine Trebnick is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 10.5% and a 56.60% 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.