Fortinet (FTNT) Stock Forecast & Price Target

$99.60 +0.95 (+0.96%)

As of 02:44 PM Eastern

Fortinet - Analysts' Recommendations and Stock Price Forecast (2025)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Hold

Based on 32 Analyst Ratings

Sell
1

Hold
19

Buy
12

Based on 32 Wall Street analysts who have issued ratings for Fortinet in the last 12 months, the stock has a consensus rating of "Hold." Out of the 32 analysts, 1 has given a sell rating, 19 have given a hold rating, 11 have given a buy rating, and 1 has given a strong buy rating for FTNT.

Consensus Price Target

$105.69
6.12% Upside

According to the 32 analysts' twelve-month price targets for Fortinet, the average price target is $105.69. The highest price target for FTNT is $135.00, while the lowest price target for FTNT is $65.00. The average price target represents a forecasted upside of 6.12% from the current price of $99.60.

Get the Latest News and Ratings for FTNT and Related Stocks

Enter your email address to receive the latest news and analysts' ratings for Fortinet and its competitors.

FTNT Analyst Ratings Over Time

Type	Current Forecast 3/24/24 to 3/24/25	1 Month Ago 2/23/24 to 2/22/25	3 Months Ago 12/25/23 to 12/24/24	1 Year Ago 3/25/23 to 3/24/24
Strong Buy	1 Strong Buy rating(s)	1 Strong Buy rating(s)	1 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	11 Buy rating(s)	11 Buy rating(s)	13 Buy rating(s)	11 Buy rating(s)
Hold	19 Hold rating(s)	19 Hold rating(s)	19 Hold rating(s)	20 Hold rating(s)
Sell	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)	2 Sell rating(s)
Consensus Price Target	$105.69	$103.72	$92.77	$71.55
Forecasted Upside	6.12% Upside	-5.72% Downside	-5.15% Downside	4.76% Upside
Consensus Rating	Hold	Hold	Hold	Hold

Remove Ads

FTNT Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

FTNT Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Fortinet Stock vs. The Competition

Type	Fortinet	Computer and Technology Companies	S&P 500
Consensus Rating Score	2.38	2.69	2.54
Consensus Rating	Hold	Moderate Buy	Moderate Buy
Predicted Upside	7.14% Upside	633.71% Upside	18.90% Upside
News Sentiment Rating	Positive News See Recent FTNT News	Positive News	Positive News

Remove Ads

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
3/18/2025	UBS Group 4 of 5 stars		Set Target		$123.00	+29.21%
3/18/2025	Morgan Stanley 3 of 5 stars	Hamza Fodderwala Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Overweight ➝ Overweight	$113.00 ➝ $123.00	+27.48%
2/10/2025	Susquehanna 2 of 5 stars	Shyam Patil Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Neutral ➝ Neutral	$90.00 ➝ $110.00	-0.55%
2/7/2025	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating	Dan Bergstrom Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Sector Perform ➝ Sector Perform	$97.00 ➝ $115.00	+7.11%
2/7/2025	Scotiabank Subscribe to MarketBeat All Access for the recommendation accuracy rating	Patrick Colville Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Sector Outperform ➝ Sector Outperform	$115.00 ➝ $135.00	+24.14%
2/7/2025	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Gabriela Borges Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy ➝ Buy	$114.00 ➝ $130.00	+19.54%
2/7/2025	Guggenheim Subscribe to MarketBeat All Access for the recommendation accuracy rating	John Difucci Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Neutral ➝ Neutral
2/7/2025	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating	Adam Borg Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Hold ➝ Hold	$103.00 ➝ $115.00	+9.20%
2/7/2025	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating	Andrew Nowinski Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Equal Weight ➝ Equal Weight	$85.00 ➝ $105.00	+0.62%
2/7/2025	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating	R. Owens Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Overweight ➝ Overweight	$120.00 ➝ $135.00	+25.82%
Get the Latest News and Ratings for FTNT and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Fortinet and its competitors with MarketBeat's FREE daily newsletter.
2/7/2025	Needham & Company LLC Subscribe to MarketBeat All Access for the recommendation accuracy rating	M. Dezort Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Hold ➝ Hold
2/7/2025	Rosenblatt Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating	Catharine Trebnick Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy ➝ Buy	$115.00 ➝ $125.00	+19.37%
2/4/2025	Cantor Fitzgerald Subscribe to MarketBeat All Access for the recommendation accuracy rating	J. Ruykhaver Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Neutral ➝ Neutral	$95.00 ➝ $110.00	+9.02%
2/3/2025	Baird R W Subscribe to MarketBeat All Access for the recommendation accuracy rating	S. Kothari Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Strong-Buy ➝ Hold
2/3/2025	Robert W. Baird Subscribe to MarketBeat All Access for the recommendation accuracy rating	Shrenik Kothari Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Outperform ➝ Neutral	$105.00 ➝ $112.00	+11.02%
1/17/2025	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating	Fatima Boolani Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Neutral ➝ Neutral	$100.00 ➝ $101.00	+7.11%
1/14/2025	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating	Adam Tindle Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Outperform ➝ Market Perform
12/19/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Hold ➝ Hold	$95.00 ➝ $105.00	+10.94%
12/19/2024	KeyCorp Subscribe to MarketBeat All Access for the recommendation accuracy rating	E. Heath Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Sector Weight ➝ Overweight	$115.00	+23.18%
12/16/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$99.00 ➝ $105.00	+7.20%
12/13/2024	Mizuho Subscribe to MarketBeat All Access for the recommendation accuracy rating	G. Moskowitz Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Underperform ➝ Underperform	$68.00 ➝ $78.00	-20.89%
11/20/2024	Truist Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Buy	$85.00 ➝ $105.00	+13.92%
11/19/2024	Wedbush Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$90.00 ➝ $105.00	+15.28%
11/19/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$87.00 ➝ $104.00	+14.19%
11/19/2024	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating	S. Eyal Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy ➝ Buy	$90.00 ➝ $105.00	+15.79%
11/19/2024	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Market Perform ➝ Market Perform	$88.00 ➝ $100.00	+8.84%
11/19/2024	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Hold ➝ Hold	$77.00 ➝ $90.00	-2.05%
11/11/2024	Hsbc Global Res Subscribe to MarketBeat All Access for the recommendation accuracy rating	S. Bersey Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold ➝ Strong-Buy
11/11/2024	HSBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Hold ➝ Buy	$83.00 ➝ $111.00	+17.42%
11/8/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Equal Weight ➝ Equal Weight	$85.00 ➝ $95.00	+3.94%
8/8/2024	DZ Bank Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Sell ➝ Hold	$65.00	-7.05%
5/3/2024	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	In-Line ➝ In-Line	$72.00 ➝ $67.00	+12.30%
2/13/2024	Daiwa Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Neutral ➝ Outperform	$75.00	+6.75%
1/18/2024	Sanford C. Bernstein Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Market Perform	$65.00	+7.23%
1/17/2024	Capital One Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Overweight ➝ Equal Weight
11/3/2023	William Blair Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Outperform ➝ Market Perform
11/3/2023	Oppenheimer Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Outperform ➝ Market Perform

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Monday at 02:44 PM ET.

Should I Buy Fortinet Stock? FTNT Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Friday, March 21, 2025. Please send any questions or comments about these Fortinet pros and cons to contact@marketbeat.com.

Fortinet
Bull Case

Here are some ways that investors could benefit from investing in Fortinet, Inc.:

Fortinet, Inc. reported earnings per share of $0.67 for the latest quarter, exceeding analysts' expectations of $0.60, indicating strong financial performance and effective management.
The company has a remarkable return on equity of 256.53%, showcasing its ability to generate profit from shareholders' equity, which is a positive indicator for potential investors.
Fortinet, Inc. has a net margin of 29.30%, reflecting its efficiency in converting revenue into actual profit, which can lead to higher returns for investors.
The current stock price is approximately $98.45, which is near its 52-week high of $114.82, suggesting strong market interest and potential for growth.
Analysts have a generally positive outlook, with an average target price of $105.69, indicating potential upside for investors considering the stock.

Fortinet
Bear Case

Investors should be bearish about investing in Fortinet, Inc. for these reasons:

Despite strong earnings, the stock has a high price-to-earnings (P/E) ratio of 43.56, which may suggest that the stock is overvalued compared to its earnings, potentially leading to a price correction.
Insider selling has been significant, with a total of 599,988 shares sold in the last 90 days, which could indicate a lack of confidence from those closest to the company.
The company has a debt-to-equity ratio of 0.67, which, while manageable, indicates that it is not entirely free from debt, posing a risk if market conditions change.
Analysts have issued a mix of ratings, with a notable number maintaining a "hold" rating, suggesting uncertainty about the stock's future performance.
Market volatility could impact Fortinet, Inc.'s stock price, especially given its beta of 0.97, which indicates that the stock tends to move in line with the market, exposing investors to broader market risks.

FTNT Forecast - Frequently Asked Questions

: According to the research reports of 32 Wall Street equities research analysts, the average twelve-month stock price forecast for Fortinet is $105.69, with a high forecast of $135.00 and a low forecast of $65.00.
: 32 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Fortinet in the last year. There is currently 1 sell rating, 19 hold ratings, 11 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" FTNT shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in FTNT, but not buy additional shares or sell existing shares.
: According to analysts, Fortinet's stock has a predicted upside of 6.12% based on their 12-month stock forecasts.
: Over the previous 90 days, Fortinet's stock had 1 upgrade and 1 downgrade by analysts.
: Fortinet has been rated by research analysts at Baird R W, Cantor Fitzgerald, Citigroup, Guggenheim, Morgan Stanley, Needham & Company LLC, Piper Sandler, Raymond James, Robert W. Baird, Rosenblatt Securities, Royal Bank of Canada, Scotiabank, Stifel Nicolaus, Susquehanna, The Goldman Sachs Group, UBS Group, and Wells Fargo & Company in the past 90 days.
: Analysts like Fortinet less than other "computer and technology" companies. The consensus rating for Fortinet is Hold while the average consensus rating for "computer and technology" companies is Moderate Buy. Learn more on how FTNT compares to other companies.

Stock Forecasts and Research Tools

Related Companies

Today's Ratings

Top-Rated Stocks

More Ratings Tools

This page (NASDAQ:FTNT) was last updated on 3/24/2025 by MarketBeat.com Staff

From Our Partners

Get 30 Days of MarketBeat All Access for Free

Start Your 30-Day Trial

In-depth profiles and analysis for 20,000 public companies.
Real-time analyst ratings, insider transactions, earnings data, and more.
Our daily ratings and market update email newsletter.

Sign In
Create Account

Your Email Address:

Your Password:

Forgot your password?

Your Email Address:

Choose a Password:

By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Fortinet (FTNT) Stock Forecast & Price Target