UBS Slashes Fortinet (FTNT) Price Target to $90 Amid Growth Concerns

Fortinet (FTNT) shareholders received a sobering update from UBS, as the investment bank slashed the cybersecurity company's price target to $90.

The warning emphasized concerns about the outlook for low double-digit growth, prompting investors to reevaluate their positions in the stock.

This move by UBS reflects a cautious sentiment regarding Fortinet's future performance and potential challenges in sustaining growth momentum.

Market analysts are closely monitoring FTNT's response to these lowered expectations and how the company plans to navigate the evolving cybersecurity landscape.