Analysts fell to the sidelines weighing in on GoPro (NASDAQ:GPRO) and Fortinet (NASDAQ:FTNT) with neutral ratings,indicating that the experts are neither bullish nor bearish on the stocks.
GoPro (GPRO)
In a report released today, Robert Stone from Cowen & Co. reiterated a Hold rating on GoPro, with a price target of $6. The company’s shares closed yesterday at $5.99.
According to TipRanks.com, Stone has 0 stars on 0-5 star ranking scale with an average return of -2.8% and a 36.3% success rate. Stone covers the Consumer Goods sector, focusing on stocks such as Himax Technologies, Audiovox Corp, and Synaptics Inc.
The word on The Street in general, suggests a Hold analyst consensus rating for GoPro with a $6.10 average price target, which is a 1.8% upside from current levels. In a report issued on July 31, J.P. Morgan also maintained a Hold rating on the stock with a $7 price target.
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Fortinet (FTNT)
In a report released today, Melissa Franchi from Morgan Stanley maintained a Hold rating on Fortinet, with a price target of $67. The company’s shares closed yesterday at $73.76, close to its 52-week high of $73.87.
Franchi has an average return of 24.0% when recommending Fortinet.
According to TipRanks.com, Franchi is ranked #4475 out of 4853 analysts.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Fortinet with a $68.56 average price target, which is a -7.0% downside from current levels. In a report released yesterday, Evercore ISI also maintained a Hold rating on the stock with a $53 price target.
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