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Fortinet (FTNT) Stock Forecast, Price Target & Predictions

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FTNT Stock Forecast

Fortinet (FTNT) stock forecast, based on 27 Wall Street analysts, predicts a 12-month average price target of $88.25, with a high of $115.00 and a low of $64.00. This represents a -16.01% decline from the last price of $105.07.

$55 $67 $79 $91 $103 $115 High: $115 Avg: $88.25 Low: $64 Last Closed Price: $105.07

FTNT Stock Rating

Fortinet stock's rating consensus is Hold, based on 27 Wall Street analysts. The breakdown includes 0 Strong Buy (0.00%), 13 Buy (48.15%), 14 Hold (51.85%), 0 Sell (0.00%), and 0 Strong Sell (0.00%).

Hold
Total 27 0 14 13 Strong Sell Sell Hold Buy Strong Buy

FTNT Price Target Upside V Benchmarks

TypeNameUpside
StockFortinet-16.01%
SectorTechnology Stocks 13.91%

Price Target Trends

1M3M12M
# Anlaysts-530
Avg Price Target-$103.40$77.30
Last Closing Price$105.07$105.07$105.07
Upside/Downside--1.59%-26.43%
Ratings Trends
DateStrong BuyBuyHoldSellStrong SellTotal
Feb, 2579261-43
Jan, 25811251-45
Dec, 24711261-45
Nov, 24815262-51
Oct, 24815282-53
Analyst Price Target Forecasts
DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Dec 19, 2024Eric HeathKeyBanc$115.00$97.1318.40%9.45%
Dec 18, 2024Adam BorgStifel Nicolaus$103.00$93.3610.33%-1.97%
Nov 19, 2024Catherine TrebnickRosenblatt Securities$100.00$69.6943.49%-4.83%
Nov 11, 2024Stephen BerseyHSBC$111.00$97.1814.22%5.64%
Nov 08, 2024Keith BachmanBMO Capital$88.00$78.1812.56%-16.25%
Nov 04, 2024Saket KaliaBarclays$85.00$78.847.81%-19.10%
Oct 31, 2024Catherine TrebnickRosenblatt Securities$85.00$78.747.95%-19.10%
Oct 23, 2024Junaid SiddiquiTruist Financial$85.00$80.705.33%-19.10%
Oct 17, 2024Gregg MoskowitzMizuho Securities$68.00$82.12-17.19%-35.28%
Sep 23, 2024Stephen BerseyHSBC$83.00$77.666.88%-21.01%
Analyst Rating Forecasts
DateCompanyPrevious RatingNew RatingRating Change
Jan 14, 2025Raymond JamesOutperformMarket Performdowngrade
Jan 02, 2025Goldman SachsBuyBuyhold
Dec 19, 2024JefferiesHoldHoldhold
Dec 19, 2024KeyBancSector WeightOverweightupgrade
Dec 02, 2024Morgan StanleyOverweightOverweighthold
Nov 19, 2024Cowen & Co.BuyBuyhold
Nov 04, 2024BarclaysMixedMixedhold
Oct 23, 2024WedbushUnderperformUnderperformhold
Oct 17, 2024OTR GlobalPositiveupgrade
Oct 09, 2024Cowen & Co.BuyBuyhold

Financial Forecast

EPS Forecast

Dec 20 Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26 Dec 27 Dec 28
Dec 20Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26Dec 27Dec 28
Reported$0.60$0.74$1.05$1.47-----
Avg Forecast$0.65$0.78$1.15$1.56$2.25$2.43$2.75$2.76$2.69
High Forecast$0.63$0.76$1.04$1.55$2.22$2.13$2.22$1.87$2.60
Low Forecast$0.67$0.80$1.19$1.60$2.27$2.63$3.46$3.65$2.82
Surprise %-7.69%-5.13%-8.70%-5.77%-----

Revenue Forecast

$3B $4B $6B $8B $9B $11B Dec 20 Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26 Dec 27 Dec 28
Dec 20Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26Dec 27Dec 28
Reported$2.59B$3.34B$4.42B$5.30B-----
Avg Forecast$2.57B$3.34B$4.43B$5.30B$5.89B$6.62B$7.49B$9.06B$10.25B
High Forecast$2.52B$3.27B$4.12B$5.27B$5.88B$6.45B$7.47B$8.97B$9.96B
Low Forecast$2.62B$3.41B$4.55B$5.33B$5.90B$6.82B$7.50B$9.16B$10.62B
Surprise %1.05%0.08%-0.24%0.04%-----

Net Income Forecast

$0 $600M $1B $2B $2B $3B Dec 20 Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26 Dec 27 Dec 28
Dec 20Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26Dec 27Dec 28
Reported$488.50M$606.80M$857.30M$1.15B-----
Avg Forecast$409.10M$540.56M$632.91M$1.15B$1.77B$1.69B$1.93B$2.36B$2.12B
High Forecast$327.28M$432.45M$506.33M$918.24M$1.75B$1.68B$1.75B$1.47B$2.05B
Low Forecast$490.92M$648.68M$759.49M$1.38B$1.79B$2.07B$2.72B$2.88B$2.22B
Surprise %19.41%12.25%35.45%------

FTNT Forecast FAQ

Is Fortinet stock a buy?

Fortinet stock has a consensus rating of Hold, based on 27 Wall Street analysts. The rating breakdown includes 0 Strong Buy, 13 Buy, 14 Hold, 0 Sell, and 0 Strong Sell, reflecting a consensus that Fortinet is a neutral investment for most analysts.

What is Fortinet's price target?

Fortinet's price target, set by 27 Wall Street analysts, averages $88.25 over the next 12 months. The price target range spans from $64 at the low end to $115 at the high end, suggesting a potential -16.01% change from the previous closing price of $105.07.

How does Fortinet stock forecast compare to its benchmarks?

Fortinet's stock forecast shows a -16.01% downside, underperforming the average forecast for the technology stocks sector (13.91%).

What is the breakdown of analyst ratings for Fortinet over the past three months?

  • February 2025: 16.28% Strong Buy, 20.93% Buy, 60.47% Hold, 2.33% Sell, 0% Strong Sell.
  • January 2025: 17.78% Strong Buy, 24.44% Buy, 55.56% Hold, 2.22% Sell, 0% Strong Sell.
  • December 2024: 15.56% Strong Buy, 24.44% Buy, 57.78% Hold, 2.22% Sell, 0% Strong Sell.

What is Fortinet’s EPS forecast?

Fortinet's average annual EPS forecast for its fiscal year ending in December is $2.25 for 2024, a 53.06% increase from the reported $1.47 in 2023. The prediction for 2025 is $2.43, $2.75 for 2026, $2.76 for 2027, and $2.69 for 2028.

What is Fortinet’s revenue forecast?

Fortinet's average annual revenue forecast for its fiscal year ending in December is $5.89B for 2024, a 11.10% increase from the reported $5.3B in 2023. The forecast for 2025 is $6.62B, $7.49B for 2026, $9.06B for 2027, and $10.25B for 2028.

What is Fortinet’s net income forecast?

For its fiscal year ending in December, Fortinet's average annual net income forecast is $1.77B for 2024, reflecting an 53.85% increase from the reported $1.15B in 2023. The projection for 2025 is $1.69B, $1.93B for 2026, $2.36B for 2027, and $2.12B for 2028.