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Analysts Conflicted on These Technology Names: CDW (CDW) and Fortinet (FTNT)

Tipranks - Thu May 7, 5:16PM CDT

Companies in the Technology sector have received a lot of coverage today as analysts weigh in on CDW (CDW) and Fortinet (FTNT).

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CDW (CDW)

In a report released today, Maggie Nolan from William Blair maintained a Buy rating on CDW. The company’s shares closed last Wednesday at $109.00.

According to TipRanks.com, Nolan is ranked 0 out of 5 stars with an average return of -10.2% and a 37.1% success rate. Nolan covers the Technology sector, focusing on stocks such as Ingram Micro Holding Corporation, Grid Dynamics Holdings, and Exlservice Holdings. ;'>

Currently, the analyst consensus on CDW is a Moderate Buy with an average price target of $158.00, representing a 23.9% upside. In a report released today, TipRanks – OpenAI also upgraded the stock to Buy with a $149.00 price target.

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Fortinet (FTNT)

In a report released today, Shrenik Kothari from Robert W. Baird maintained a Hold rating on Fortinet, with a price target of $90.00. The company’s shares closed last Wednesday at $89.95.

According to TipRanks.com, Kothari is a 5-star analyst with an average return of 15.1% and a 61.5% success rate. Kothari covers the Technology sector, focusing on stocks such as Interlink Electronics, CrowdStrike Holdings, and Rubrik, Inc. Class A. ;'>

The word on The Street in general, suggests a Hold analyst consensus rating for Fortinet with a $86.43 average price target, which is a -2.6% downside from current levels. In a report issued on April 21, Cantor Fitzgerald also maintained a Hold rating on the stock with a $87.00 price target.

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