Analysts Offer Insights on Consumer Goods Companies: Fortinet (FTNT) and Fox Factory Holding (FOXF)


Companies in the Consumer Goods sector have received a lot of coverage today as analysts weigh in on Fortinet (NASDAQ:FTNT) and Fox Factory Holding (NASDAQ:FOXF).

Fortinet (FTNT)

Cowen & Co. analyst Gregg Moskowitz reiterated a Hold rating on Fortinet today and set a price target of $69. The company’s shares opened today at $70.50, close to its 52-week high of $72.83.

According to TipRanks.com, Moskowitz is a 5-star analyst with an average return of 17.7% and a 64.0% success rate. Moskowitz covers the Technology sector, focusing on stocks such as Citrix Systems, Symantec Corp, and Check Point.

Currently, the analyst consensus on Fortinet is a Moderate Buy with an average price target of $66.56, implying a -5.6% downside from current levels. In a report released today, Evercore ISI also maintained a Hold rating on the stock with a $53 price target.

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See today’s analyst top recommended stocks >>

Fox Factory Holding (FOXF)

Merrill Lynch analyst Rafe Jadrosich maintained a Buy rating on Fox Factory Holding today and set a price target of $60. The company’s shares opened today at $51.55.

Jadrosich has an average return of 22.2% when recommending Fox Factory Holding.

According to TipRanks.com, Jadrosich is ranked #590 out of 4839 analysts.

Currently, the analyst consensus on Fox Factory Holding is a Moderate Buy with an average price target of $58, implying a 12.5% upside from current levels. In a report released today, Jefferies also reiterated a Buy rating on the stock with a $65 price target.

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