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Analysts Have Conflicting Sentiments on These Technology Companies: Fortinet (FTNT), Affirm Holdings (AFRM) and Lyft (LYFT)

Tipranks - Tipranks - Sat Feb 7, 7:46AM CST

Analysts have been eager to weigh in on the Technology sector with new ratings on Fortinet (FTNT – Research Report), Affirm Holdings (AFRM – Research Report) and Lyft (LYFT – Research Report).

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Fortinet (FTNT)

In a report released today, Ittai Kidron from Oppenheimer maintained a Hold rating on Fortinet. The company’s shares closed last Thursday at $78.93.

According to TipRanks.com, Kidron is a 5-star analyst with an average return of 12.1% and a 53.3% success rate. Kidron covers the Technology sector, focusing on stocks such as CrowdStrike Holdings, Palo Alto Networks, and Progress Software. ;'>

Currently, the analyst consensus on Fortinet is a Hold with an average price target of $87.95, which is an 8.6% upside from current levels. In a report issued on February 2, Scotiabank also downgraded the stock to Hold with a $85.00 price target.

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Affirm Holdings (AFRM)

In a report released yesterday, Ramsey El Assal from Cantor Fitzgerald maintained a Buy rating on Affirm Holdings, with a price target of $85.00. The company’s shares closed last Thursday at $59.42.

According to TipRanks.com, Assal is ranked 0 out of 5 stars with an average return of -3.3% and a 46.8% success rate. Assal covers the Technology sector, focusing on stocks such as Automatic Data Processing, Fidelity National Info, and Remitly Global. ;'>

Currently, the analyst consensus on Affirm Holdings is a Strong Buy with an average price target of $88.78, a 49.2% upside from current levels. In a report issued on January 27, Needham also upgraded the stock to Buy with a $100.00 price target.

Lyft (LYFT)

In a report released today, Chad Larkin from Oppenheimer reiterated a Buy rating on Lyft, with a price target of $26.00. The company’s shares closed last Thursday at $15.84.

Larkin has an average return of 22.8% when recommending Lyft. ;'>

According to TipRanks.com, Larkin is ranked #4287 out of 12040 analysts.

Lyft has an analyst consensus of Hold, with a price target consensus of $23.83, which is a 48.9% upside from current levels. In a report issued on January 22, TipRanks – PerPlexity also upgraded the stock to Buy with a $20.50 price target.

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