Is Fortinet Stock a Buy Now?
(NASDAQ: FTNT) stock has been in scintillating form on the stock market over the past six months, rising a remarkable 55% as of this writing on the back of solid quarterly reports that point toward an improvement in the cybersecurity specialist's growth profile.
Shares of the company received another shot in the arm after the release of its fourth-quarter 2024 results on Feb. 6. Fortinet stock was up nearly 3% following this report as revenue and earnings were well ahead of what analysts were anticipating. The guidance was the icing on the cake as Fortinet's 2025 outlook also exceeded consensus estimates.
Should investors consider buying Fortinet stock right now following its recent rally in anticipation of more upside? Let's find out.
Source Fool.com
Fortinet Inc. Stock
The stock is one of the favorites of our community with 35 Buy predictions and 2 Sell predictions.
As a result the target price of 99 € shows a slightly positive potential of 15.28% compared to the current price of 85.88 € for Fortinet Inc..
