Fortinet Stock: Bearish Momentum and Downgrade Concerns
Update: 2025-12-03
Description
Fortinet, a large-cap cybersecurity company, has seen its stock decline by nearly twenty-eight percent from its fifty-two-week high, underperforming the broader market. The stock has been trading below key moving averages since late July, and a recent downgrade by Daiwa Securities has added to the bearish momentum. Despite this, Wall Street analysts maintain a cautious Hold rating, with a modest average price target suggesting a potential upside of just over four percent.
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