Morgan Stanley Upgrades Fortinet and Downgrades Rapid7

Morgan Stanley upgraded Fortinet to Equal-weight with a higher price target, leading its shares up about 2%, while downgrading Rapid7 to Underweight as the stock fell around 7% premarket. The move reflects shifting analyst sentiment ahead of cybersecurity earnings season.

By Ravikash Bakolia, SA News Editor · Seeking Alpha · July 21, 2026, 11:48 UTC

Morgan Stanley Upgrades Fortinet and Downgrades Rapid7

Tickers: $FTNT $RPD

Topics: cybersecurity price targets stock ratings

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