Fortinet (FTNT) Reaccelerating Into 2024 & How To Trade

Fortinet (FTNT) was upgraded to buy from neutral with a $70 price target at Guggenheim. The analyst notes that the company is not structurally impaired headed into 2H23 and its competitive position hasn't deteriorated. The analyst sees FTNT reaccelerating into 2024 and think that current levels offer an opportunity to begin building a position in a differentiated high-quality security asset. Kevin Green discusses this name after the upgrade and demonstrates an example trade. The trade type is a all spread and the direction is bullish. Tune in to find out more about the stock market today.