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Fortinet (FTNT) Stock Forecast, Price Target & Predictions

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FTNT Stock Forecast

Fortinet stock forecast is as follows: an average price target of $82.73 (represents a -14.20% downside from FTNT’s last price of $96.42) and a rating consensus of 'Hold', based on 27 wall street analysts offering a 1-year stock forecast.

FTNT Price Target

The average price target for Fortinet (FTNT) is $82.73 based on 1-year price targets from 27 Wall Street analysts in the past 3 months, with a price target range of $111.00 to $64.00. This represents a potential -14.20% downside from FTNT's last price of $96.42.

FTNT Analyst Ratings

Hold

According to 27 Wall Street analysts, Fortinet's rating consensus is 'Hold'. The analyst rating breakdown for FTNT stock is 0 'Strong Buy' (0.00%), 13 'Buy' (48.15%), 14 'Hold' (51.85%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).

Fortinet Price Target by Analyst

DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Nov 19, 2024Catherine TrebnickRosenblatt Securities$100.00$69.6943.49%3.71%
Nov 11, 2024Stephen BerseyHSBC$111.00$97.1814.22%15.12%
Nov 08, 2024Keith BachmanBMO Capital$88.00$78.1812.56%-8.73%
Nov 04, 2024Saket KaliaBarclays$85.00$78.847.81%-11.84%
Oct 31, 2024Catherine TrebnickRosenblatt Securities$85.00$78.747.95%-11.84%
Oct 23, 2024Junaid SiddiquiTruist Financial$85.00$80.705.33%-11.84%
Oct 17, 2024Gregg MoskowitzMizuho Securities$68.00$82.12-17.19%-29.48%
Sep 23, 2024Stephen BerseyHSBC$83.00$77.666.88%-13.92%
Sep 13, 2024Janice QuekCFRA$84.00$75.0811.89%-12.88%
Sep 13, 2024Fatima BoolaniCitigroup$76.00$74.492.03%-21.18%
Aug 07, 2024Shrenik KothariRobert W. Baird$80.00$68.2517.21%-17.03%
Aug 07, 2024Keith BachmanBMO Capital$76.00$69.938.68%-21.18%
Aug 07, 2024Andrew NowinskiWells Fargo$64.00$55.8114.67%-33.62%
Aug 07, 2024Stephen BerseyHSBC$59.00$69.93-15.63%-38.81%
Aug 05, 2024Catherine TrebnickRosenblatt Securities$68.00$55.4522.64%-29.48%
Jul 30, 2024Fatima BoolaniCitigroup$65.00$57.3913.26%-32.59%
Jul 17, 2024Hamza FodderwalaMorgan Stanley$69.00$58.9217.11%-28.44%
Jun 11, 2024Patrick ColvilleScotiabank$80.00$59.6534.12%-17.03%
Jun 10, 2024Peter LevineEvercore ISI$67.00$60.0911.50%-30.51%
May 03, 2024Rob OwensPiper Sandler$70.00$59.8317.00%-27.40%
May 03, 2024Junaid SiddiquiTruist Financial$70.00$61.4313.95%-27.40%
May 03, 2024Stephen BerseyHSBC$54.00$65.20-17.18%-44.00%
May 03, 2024Fatima BoolaniUBS$69.00$65.205.83%-28.44%
May 03, 2024Yi Fu LeeCantor Fitzgerald$55.00$65.20-15.64%-42.96%
May 03, 2024Gregg MoskowitzMizuho Securities$66.00$65.201.23%-31.55%
May 03, 2024Dan BergstromRBC Capital$68.00$65.204.29%-29.48%
May 03, 2024Saket KaliaBarclays$75.00$65.2015.03%-22.22%
Feb 07, 2024Shrenik KothariRobert W. Baird$81.00$69.4816.58%-15.99%
Nov 03, 2023Junaid SiddiquiTruist Financial$60.00$47.7525.65%-37.77%
Nov 03, 2023Raymond McDonoughGuggenheim$62.00$47.7529.84%-35.70%
Aug 07, 2023Raymond McDonoughGuggenheim$70.00$56.7723.30%-27.40%
Feb 07, 2023Loop Capital Markets$66.00$51.9926.95%-31.55%
Feb 02, 2023BMO Capital$57.00$53.097.36%-40.88%
Dec 22, 2022Morgan Stanley$71.00$48.9844.97%-26.36%
Nov 03, 2022Hamza FodderwalaMorgan Stanley$66.00$45.9343.70%-31.55%
Oct 06, 2022Carson SippelSMBC Nikko$70.00$53.7430.26%-27.40%
Sep 16, 2022Catharine TrebnickMKM Partners$70.00$50.4238.83%-27.40%
Aug 17, 2022Brad ZelnickDeutsche Bank$63.00$51.9321.32%-34.66%
Aug 04, 2022Dan BergstromRBC Capital$69.00$52.5331.35%-28.44%
Aug 04, 2022Keith BachmanBMO Capital$68.00$52.5329.45%-29.48%
Aug 04, 2022Saket KaliaBarclays$77.00$52.5346.58%-20.14%
Aug 04, 2022Gregg MoskowitzMizuho Securities$70.00$52.5333.26%-27.40%
Jul 05, 2022Keith BachmanBMO Capital$70.00$57.3722.01%-27.40%
May 15, 2022Michael TuritsKeyBanc$70.60$56.3125.38%-26.78%
May 12, 2022Patrick ColvilleDeutsche Bank$60.00$52.1914.96%-37.77%
Apr 29, 2022Fatima BoolaniCitigroup$81.00$61.7331.22%-15.99%
Apr 17, 2022Brian EssexGoldman Sachs$78.00$66.3517.55%-19.10%
Apr 03, 2022Saket KaliaBarclays$79.00$67.8016.52%-18.07%
Mar 26, 2022Patrick ColvilleDeutsche Bank$50.00$66.55-24.86%-48.14%
Feb 06, 2022Daniel IvesWedbush$70.00$62.8711.35%-27.40%
Feb 04, 2022Hamza FodderwalaMorgan Stanley$63.00$62.870.21%-34.66%
Feb 04, 2022Adam TindleRaymond James$70.00$62.8711.35%-27.40%
Feb 04, 2022Irvin LiuEvercore ISI$76.00$62.8720.89%-21.18%
Feb 04, 2022Catharine TrebnickColliers Securities$66.00$62.874.99%-31.55%
Feb 03, 2022Andrew NowinskiWells Fargo$72.00$59.4021.21%-25.33%
Jan 19, 2022Shaul EyalCowen & Co.$85.00$61.4338.36%-11.84%
Nov 17, 2021Gray PowellBTIG$78.20$68.2714.55%-18.90%
Nov 05, 2021Ittai KidronOppenheimer$80.00$68.2417.24%-17.03%
Nov 05, 2021Brian EssexGoldman Sachs$76.00$68.2411.37%-21.18%
Nov 05, 2021Shebly SeyrafiFBN Securities$80.00$68.2417.24%-17.03%
Nov 05, 2021Rob OwensPiper Sandler$70.00$68.242.58%-27.40%
Oct 25, 2021Michael TuritsKeyBanc$74.00$66.3811.48%-23.25%
Sep 21, 2021Adam BorgStifel Nicolaus$71.00$59.9218.49%-26.36%

The latest Fortinet stock forecast, released on Nov 19, 2024 by Catherine Trebnick from Rosenblatt Securities, set a price target of $100.00, which represents a 43.49% increase from the stock price at the time of the forecast ($69.69), and a 3.71% increase from FTNT last price ($96.42).

Fortinet Price Target by Period

1M3M12M
# Anlaysts1828
Avg Price Target$100.00$88.13$75.04
Last Closing Price$96.42$96.42$96.42
Upside/Downside3.71%-8.60%-22.17%

In the current month, the average price target of Fortinet stock is $100.00, according to 1 Wall Street analyst offering twelve months forecast. The average price target represents a 3.71% increase as opposed to Fortinet's last price of $96.42. This month's average price target is up 13.47% compared to last quarter, and up 33.26% compared to last year.

Analyst Ratings Upgrades/Downgrades

DateCompanyPrevious RatingNew RatingRating Change
Dec 02, 2024Morgan StanleyOverweightOverweightHold
Nov 19, 2024Cowen & Co.BuyBuyHold
Nov 04, 2024BarclaysMixedMixedHold
Oct 23, 2024WedbushUnderperformUnderperformHold
Oct 17, 2024OTR GlobalPositiveUpgrade
Oct 09, 2024Cowen & Co.BuyBuyHold
Oct 07, 2024Wells FargoSector OutperformSector OutperformHold
Sep 23, 2024HSBCHoldHoldHold
Sep 13, 2024Wells FargoSector OutperformSector OutperformHold
Sep 13, 2024CFRABuyBuyHold
Sep 13, 2024CitigroupNeutralNeutralHold
Aug 08, 2024SusquehannaNeutralNeutralHold
Aug 07, 2024BMO CapitalMarket PerformMarket PerformHold
Aug 07, 2024Cantor FitzgeraldNeutralNeutralHold
Aug 07, 2024Wells FargoEqual-WeightEqual-WeightHold
Aug 07, 2024BarclaysEqual-WeightEqual-WeightHold
Aug 07, 2024HSBCReduceHoldUpgrade
Jul 30, 2024CitigroupNeutralNeutralHold
Jul 29, 2024GuggenheimBuyNeutralDowngrade
Jul 18, 2024Cowen & Co.OutperformBuyUpgrade
Jul 17, 2024Morgan StanleyOverweightOverweightHold
Jun 11, 2024ScotiabankSector OutperformSector OutperformHold
Jun 10, 2024UBSNeutralNeutralHold
May 03, 2024Piper SandlerNeutralNeutralHold
May 03, 2024BMO CapitalMarket PerformMarket PerformHold
May 03, 2024HSBCReduceReduceHold
May 03, 2024UBSNeutralNeutralHold
May 03, 2024Cantor FitzgeraldNeutralNeutralHold
May 03, 2024RBC CapitalSector PerformSector PerformHold
May 03, 2024BarclaysEqual-WeightEqual-WeightHold
Apr 03, 2024KeyBancSector WeightSector WeightHold
Feb 13, 2024DaiwaBuyOutperformUpgrade
Feb 07, 2024WedbushOutperformOutperformHold
Feb 07, 2024Piper SandlerNeutralNeutralHold
Jan 09, 2024Stifel NicolausSector PerformSector PerformHold
Nov 03, 2023GuggenheimBuyBuyHold
Nov 03, 2023KeyBancSector WeightSector WeightHold
Nov 03, 2023OppenheimerPerformPerformHold
Oct 19, 2023Wells FargoOverweightUnderweightDowngrade
Aug 07, 2023GuggenheimNeutralBuyUpgrade
May 08, 2023Bank of America SecuritiesBuyUpgrade
Apr 20, 2023JefferiesBuyBuyHold
Apr 05, 2023BMO CapitalMarket PerformMarket PerformHold
Feb 08, 2023BMO CapitalMarket PerformMarket PerformHold
Feb 08, 2023CitigroupBuyBuyHold
Feb 08, 2023Raymond JamesOutperformOutperformHold
Feb 08, 2023WedbushOutperformOutperformHold
Feb 08, 2023Wells FargoOverweightOverweightHold
Feb 08, 2023Piper SandlerNeutralNeutralHold
Feb 07, 2023Loop Capital MarketsBuyInitialise
Jan 13, 2023BTIGNeutralDowngrade
Dec 22, 2022Morgan StanleyOverweightOverweightHold
Oct 10, 2022Morgan StanleyOverweightBuyUpgrade
Oct 10, 2022SVB LeerinkOutperformUpgrade
Oct 10, 2022Cowen & Co.OutperformInitialise
Oct 10, 2022UBSNeutralDowngrade
Oct 10, 2022BarclaysOverweightEqual-WeightDowngrade
Oct 10, 2022JefferiesHoldDowngrade
Oct 10, 2022GuggenheimNeutralDowngrade
Oct 10, 2022Goldman SachsBuyNeutralDowngrade
Oct 07, 2022Morgan StanleyEqual-WeightOverweightUpgrade
Oct 06, 2022SMBC NikkoOutperformInitialise
Sep 16, 2022MKM PartnersBuyInitialise
Sep 02, 2022Atlantic EquitiesOverweightInitialise
Aug 17, 2022Deutsche BankHoldHoldHold
Aug 02, 2022CitigroupBuyBuyHold
Jun 28, 2022BMO CapitalOutperformMarket PerformUpgrade
Jun 28, 2022OppenheimerOutperformOutperformHold
Jun 28, 2022BMO CapitalOutperformUpgrade
May 15, 2022KeyBancOverweightOverweightHold
May 11, 2022DaiwaBuyUpgrade
May 11, 2022Deutsche BankHoldHoldHold
Apr 29, 2022CitigroupBuyBuyHold
Apr 17, 2022Goldman SachsBuyBuyHold
Apr 03, 2022BarclaysOverweightUpgrade
Mar 26, 2022Deutsche BankHoldHoldHold
Feb 06, 2022WedbushOutperformOutperformHold
Feb 04, 2022Morgan StanleyEqual-WeightEqual-WeightHold
Oct 07, 2021Wells FargoOverweightInitialise

Fortinet's last stock rating was published by Morgan Stanley on Dec 02, 2024. The company gave FTNT a "Overweight" rating, the same as its previous rate.

Fortinet Financial Forecast

Fortinet Revenue Forecast

Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20
Revenue-----------------$1.33B$1.29B$1.26B$1.28B$1.15B$1.03B$954.80M$963.60M$867.20M$801.10M$710.30M$748.00M$651.10M
Avg Forecast$2.44B$2.30B$2.19B$2.10B$2.00B$1.89B$1.80B$1.72B$1.80B$1.69B$1.61B$1.53B$1.59B$1.48B$1.40B$1.34B$1.41B$1.35B$1.30B$1.20B$1.30B$1.12B$1.03B$884.93M$960.24M$811.55M$745.14M$680.73M$722.47M$639.19M
High Forecast$2.49B$2.35B$2.23B$2.15B$2.04B$1.93B$1.84B$1.76B$1.83B$1.73B$1.64B$1.56B$1.60B$1.48B$1.41B$1.34B$1.44B$1.36B$1.33B$1.23B$1.32B$1.12B$1.03B$884.93M$960.24M$811.55M$745.14M$680.73M$722.47M$639.19M
Low Forecast$2.40B$2.27B$2.15B$2.07B$1.97B$1.86B$1.77B$1.69B$1.77B$1.66B$1.58B$1.52B$1.57B$1.48B$1.40B$1.34B$1.38B$1.32B$1.28B$1.18B$1.28B$1.12B$1.03B$884.93M$960.24M$811.55M$745.14M$680.73M$722.47M$639.19M
# Analysts15999913179881019241277152926162113132027171426144
Surprise %-----------------0.99%0.99%1.05%0.99%1.02%1.00%1.08%1.00%1.07%1.08%1.04%1.04%1.02%

Fortinet's average Quarter revenue forecast for Dec 23 based on 15 analysts is $1.41B, with a low forecast of $1.38B, and a high forecast of $1.44B. FTNT's average Quarter revenue forecast represents a 5.58% increase compared to the company's last Quarter revenue of $1.33B (Sep 23).

Fortinet EBITDA Forecast

Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20
# Analysts15999913179881019241277152926162113132027171426144
EBITDA-----------------$361.50M$331.80M$323.60M$400.00M$295.60M$213.50M$168.70M$232.50M$181.30M$168.40M$136.50M$190.40M$147.60M
Avg Forecast$558.20M$527.49M$501.19M$481.50M$458.22M$432.38M$411.95M$394.11M$411.61M$387.45M$368.00M$351.10M$365.43M$339.10M$321.95M$160.02M$322.92M$308.90M$298.89M$145.47M$237.96M$251.99M$230.06M$132.25M$215.17M$181.85M$166.97M$123.77M$161.89M$143.23M
High Forecast$569.91M$538.55M$511.69M$491.60M$467.83M$441.45M$420.58M$402.37M$420.24M$395.57M$375.72M$358.03M$367.73M$339.23M$322.12M$192.02M$329.80M$312.65M$305.16M$174.57M$285.55M$251.99M$230.06M$158.70M$215.17M$181.85M$166.97M$148.52M$161.89M$143.23M
Low Forecast$549.59M$519.36M$493.46M$474.07M$451.15M$425.71M$405.59M$388.03M$405.27M$381.48M$362.33M$348.79M$359.79M$338.96M$321.78M$128.02M$316.05M$301.58M$294.28M$116.38M$190.37M$251.99M$230.06M$105.80M$215.17M$181.85M$166.97M$99.02M$161.89M$143.23M
Surprise %-----------------1.17%1.11%2.22%1.68%1.17%0.93%1.28%1.08%1.00%1.01%1.10%1.18%1.03%

15 analysts predict FTNT's average Quarter EBITDA for Dec 23 to be $322.92M, with a high of $329.80M and a low of $316.05M. This is -10.67% lower than Fortinet's previous annual EBITDA (Sep 23) of $361.50M.

Fortinet Net Income Forecast

Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20
# Analysts15999913179881019241277152926162113132027171426144
Net Income-----------------$322.90M$266.30M$247.70M$313.80M$231.60M$173.50M$138.40M$203.60M$163.10M$137.50M$107.20M$146.70M$123.40M
Avg Forecast----$566.16M$540.81M$498.59M$447.45M$516.44M$490.95M$450.67M$406.93M$468.12M$399.77M$315.87M$138.16M$333.31M$280.79M$264.58M$125.60M$203.67M$214.99M$169.20M$114.18M$176.89M$144.98M$135.18M$97.06M$148.72M$120.00M
High Forecast----$581.59M$555.55M$512.19M$459.64M$530.52M$504.34M$462.95M$446.06M$475.92M$402.06M$315.95M$165.79M$348.81M$296.39M$271.79M$150.72M$244.41M$214.99M$169.20M$137.02M$176.89M$144.98M$135.18M$116.47M$148.72M$120.00M
Low Forecast----$554.80M$529.96M$488.60M$438.48M$506.09M$481.11M$441.63M$344.33M$452.52M$397.49M$315.79M$110.53M$325.56M$272.99M$259.27M$100.48M$162.94M$214.99M$169.20M$91.34M$176.89M$144.98M$135.18M$77.65M$148.72M$120.00M
Surprise %-----------------1.15%1.01%1.97%1.54%1.08%1.03%1.21%1.15%1.12%1.02%1.10%0.99%1.03%

Fortinet's average Quarter net income forecast for Dec 23 is $333.31M, with a range of $325.56M to $348.81M. FTNT's average Quarter net income forecast represents a 3.22% increase compared to the company's last Quarter net income of $322.90M (Sep 23).

Fortinet SG&A Forecast

Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20
# Analysts15999913179881019241277152926162113132027171426144
SG&A-----------------$557.90M$565.80M$531.10M$500.20M$467.80M$460.90M$426.20M$409.00M$382.90M$361.30M$336.00M$323.80M$296.10M
Avg Forecast$1.08B$1.02B$971.01M$932.87M$887.76M$837.70M$798.11M$763.55M$797.47M$750.66M$712.98M$680.22M$707.99M$656.97M$623.76M$425.45M$625.64M$598.46M$579.08M$386.78M$418.60M$498.49M$455.12M$351.62M$425.65M$359.74M$330.31M$304.22M$320.25M$283.34M
High Forecast$1.10B$1.04B$991.37M$952.43M$906.38M$855.27M$814.85M$779.56M$814.19M$766.40M$727.92M$693.65M$712.45M$657.24M$624.09M$510.54M$638.95M$605.74M$591.23M$464.13M$502.32M$498.49M$455.12M$421.94M$425.65M$359.74M$330.31M$365.06M$320.25M$283.34M
Low Forecast$1.06B$1.01B$956.03M$918.48M$874.07M$824.78M$785.80M$751.77M$785.17M$739.08M$701.98M$675.75M$697.07M$656.71M$623.43M$340.36M$612.33M$584.29M$570.15M$309.42M$334.88M$498.49M$455.12M$281.29M$425.65M$359.74M$330.31M$243.37M$320.25M$283.34M
Surprise %-----------------0.93%0.98%1.37%1.19%0.94%1.01%1.21%0.96%1.06%1.09%1.10%1.01%1.05%

Fortinet's average Quarter SG&A projection for Dec 23 is $625.64M, based on 15 Wall Street analysts, with a range of $612.33M to $638.95M. The forecast indicates a 12.14% rise compared to FTNT last annual SG&A of $557.90M (Sep 23).

Fortinet EPS Forecast

Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20
# Analysts15999913179881019241277152926162113132027171426144
EPS-----------------$0.41$0.34$0.32$0.40$0.29$0.22$0.17$0.25$0.20$0.17$0.13$0.18$0.15
Avg Forecast----$0.73$0.70$0.65$0.58$0.67$0.64$0.58$0.53$0.61$0.52$0.41$0.38$0.43$0.36$0.34$0.29$0.39$0.28$0.22$0.16$0.23$0.19$0.18$0.15$0.19$0.16
High Forecast----$0.75$0.72$0.66$0.60$0.69$0.65$0.60$0.58$0.62$0.52$0.41$0.38$0.45$0.38$0.35$0.29$0.40$0.28$0.22$0.16$0.23$0.19$0.18$0.15$0.19$0.16
Low Forecast----$0.72$0.69$0.63$0.57$0.66$0.62$0.57$0.45$0.59$0.51$0.41$0.38$0.42$0.35$0.34$0.28$0.38$0.28$0.22$0.16$0.23$0.19$0.18$0.15$0.19$0.16
Surprise %-----------------1.13%0.99%1.12%1.02%1.04%1.00%1.07%1.09%1.06%0.96%0.89%0.93%0.98%

According to 15 Wall Street analysts, Fortinet's projected average Quarter EPS for Dec 23 is $0.43, with a low estimate of $0.42 and a high estimate of $0.45. This represents a 5.32% increase compared to FTNT previous annual EPS of $0.41 (Sep 23).

Fortinet Peer Comparison by Price Target

TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
PANWPalo Alto Networks$201.24$400.2998.91%Buy
ADBEAdobe$455.23$614.2534.93%Buy
MDBMongoDB$265.10$350.0032.03%Buy
OKTAOkta$85.42$93.389.32%Hold
ZSZscaler$200.45$209.914.72%Buy
PATHUiPath$13.91$14.504.24%Hold
CRWDCrowdStrike$376.42$349.42-7.17%Buy
FTNTFortinet$97.62$82.73-15.25%Hold
NETCloudflare$117.56$89.75-23.66%Hold
PLTRPalantir$74.39$42.17-43.31%Hold

FTNT Forecast FAQ

Is Fortinet a good buy?

No, according to 27 Wall Street analysts, Fortinet (FTNT) is considered a 'Hold'. The rating consensus is based on 0 'Strong Buy' and 13 'Buy' recommendations, accounting for 48.15% of FTNT's total ratings.

What is FTNT's price target?

Fortinet (FTNT) average price target is $82.73 with a range of $64 to $111, implying a -14.20% from its last price of $96.42. The data is based on 27 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

Will Fortinet stock go up soon?

According to Wall Street analysts' prediction for FTNT stock, the company can go down by -14.20% (from the last price of $96.42 to the average price target of $82.73), up by 15.12% based on the highest stock price target, and down by -33.62% based on the lowest stock price target.

Can Fortinet stock reach $140?

FTNT's average twelve months analyst stock price target of $82.73 does not support the claim that Fortinet can reach $140 in the near future.

What is Fortinet's current price target trend?

1 Wall Street analyst forecast a $100 price target for Fortinet (FTNT) this month, up 3.71% from its last price of $96.42. Compared to the last 3 and 12 months, the average price target decreased by -8.60% and decreased by -22.17%, respectively.

What are Fortinet's analysts' financial forecasts?

Fortinet's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $7.4B (high $7.56B, low $7.29B), average EBITDA is $1.7B (high $1.73B, low $1.67B), average net income is $2.05B (high $2.11B, low $2.01B), average SG&A $3.29B (high $3.36B, low $3.24B), and average EPS is $2.66 (high $2.73, low $2.61). FTNT's analysts financial forecasts for the fiscal year (Dec 2027) are as follows: average revenue is $9.03B (high $9.21B, low $8.89B), average EBITDA is $2.07B (high $2.11B, low $2.04B), average net income is $0 (high $0, low $0), average SG&A $4.01B (high $4.09B, low $3.95B), and average EPS is $0 (high $0, low $0).

Did the FTNT's actual financial results beat the analysts' financial forecasts?

Based on Fortinet's last annual report (Dec 2022), the company's revenue was $4.42B, beating the average analysts forecast of $4.33B by 1.98%. Apple's EBITDA was $1.08B, beating the average prediction of $852.26M by 26.46%. The company's net income was $857.3M, beating the average estimation of $702.05M by 22.11%. Apple's SG&A was $1.86B, beating the average forecast of $1.72B by 7.62%. Lastly, the company's EPS was $1.05, beating the average prediction of $1.05 by 0.09%. In terms of the last quarterly report (Sep 2023), Fortinet's revenue was $1.33B, missing the average analysts' forecast of $1.35B by -0.99%. The company's EBITDA was $361.5M, beating the average prediction of $308.9M by 17.03%. Fortinet's net income was $322.9M, beating the average estimation of $280.79M by 15.00%. The company's SG&A was $557.9M, missing the average forecast of $598.46M by -6.78%. Lastly, the company's EPS was $0.41, beating the average prediction of $0.364 by 12.71%