Rosenblatt Raises Fortinet Target to $100, Citing Strong Channel Signals Ahead of Q4 Report
Rosenblatt Securities lifted its price target on Fortinet to $100 from $85 and moved the stock from Neutral to Buy following channel checks that signaled stronger-than-expected demand. The firm highlighted reseller execution, a broad hardware refresh cycle, SASE adoption tied to firewall replacements, and tax incentives as contributors to what it v…