Reported 1 day ago
UBS has reduced Fortinet's price target from $105 to $90, maintaining a Neutral rating after the company's second-quarter results showed decent performance but also a revised down guidance for service revenue in the second half of the year. The firm anticipates weaker growth in the fourth quarter and expresses concerns for 2026, suggesting investors might need to recalibrate expectations from the previously optimistic consensus.
Source: YAHOO