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Best Stock to Buy in the Month of February
FortinetFortinet(US:FTNT) Schaeffers Investment Researchยท2025-01-30 19:40

Core Insights - Fortinet Inc (NASDAQ:FTNT) reached a record high of $102.17, surpassing the $100 resistance level, with potential for further gains as it historically performs well in February [1] - The stock has historically finished February higher nine out of the last ten years, averaging a 9% gain, which could push shares above $111, contributing to a 55% year-over-year increase [2] - There is a prevailing pessimism among analysts, with 23 out of 37 maintaining a "hold" or worse rating, while the 12-month consensus price target is $98.84, slightly below current levels [3] Options Activity - The popularity of put options has increased, with a 10-day put/call volume ratio of 1.79, ranking higher than 91% of readings from the past year [4] Earnings Outlook - The company is expected to experience volatility around its earnings report scheduled for February 6, but its recent post-earnings performance has been positive, with the stock closing higher after three quarterly reports last year, including a notable 25.4% increase in August [5]