Analysts have been eager to weigh in on the Technology sector with new ratings on Fortinet (FTNT) and Snowflake (SNOW).
Fortinet (FTNT)
Oppenheimer analyst Shaul Eyal maintained a Buy rating on Fortinet today and set a price target of $160.00. The company’s shares closed last Friday at $126.18.
According to TipRanks.com, Eyal is a top 100 analyst with an average return of 23.9% and a 73.2% success rate. Eyal covers the Technology sector, focusing on stocks such as SailPoint Technologies Holdings, Nuance Communications, and Ping Identity Holding.
Fortinet has an analyst consensus of Hold, with a price target consensus of $138.46, a 12.0% upside from current levels. In a report issued on October 5, Raymond James also initiated coverage with a Buy rating on the stock with a $155.00 price target.
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Snowflake (SNOW)
Snowflake received a Hold rating and a $250.00 price target from Canaccord Genuity analyst David Hynes today. The company’s shares closed last Friday at $238.00.
According to TipRanks.com, Hynes is a top 25 analyst with an average return of 33.8% and a 78.8% success rate. Hynes covers the Technology sector, focusing on stocks such as ZoomInfo Technologies, BigCommerce Holdings, and Slack Technologies.
Snowflake has an analyst consensus of Hold, with a price target consensus of $250.15, representing a 3.4% upside. In a report issued on October 1, Bernstein also initiated coverage with a Hold rating on the stock with a $270.00 price target.
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