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Fortinet (FTNT) Stock Forecast & Price Target

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$92.45 +1.66 (+1.83%)
(As of 11/20/2024 ET)

Fortinet - Analysts' Recommendations and Stock Price Forecast (2024)

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

Sell
1
Hold
19
Buy
13

Based on 33 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 33 analysts, 1 has given a sell rating, 19 have given a hold rating, 12 have given a buy rating, and 1 has given a strong buy rating for FTNT.

Consensus Price Target

$88.93
-3.80% Downside
According to the 33 analysts' twelve-month price targets for Fortinet, the average price target is $88.93. The highest price target for FTNT is $111.00, while the lowest price target for FTNT is $65.00. The average price target represents a forecasted downside of -3.80% from the current price of $92.45.
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FTNT Analyst Ratings Over Time

TypeCurrent Forecast
11/22/23 to 11/21/24
1 Month Ago
10/23/23 to 10/22/24
3 Months Ago
8/24/23 to 8/23/24
1 Year Ago
11/22/22 to 11/22/23
Strong Buy
1 Strong Buy rating(s)
1 Strong Buy rating(s)
1 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
12 Buy rating(s)
9 Buy rating(s)
9 Buy rating(s)
16 Buy rating(s)
Hold
19 Hold rating(s)
22 Hold rating(s)
23 Hold rating(s)
19 Hold rating(s)
Sell
1 Sell rating(s)
1 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$88.93$72.71$71.31$65.90
Forecasted Upside-3.80% Downside-11.80% Downside-4.58% Downside24.41% Upside
Consensus Rating
Hold
Hold
Hold
Hold

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.
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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.
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Fortinet Stock vs. The Competition

TypeFortinetComputer and Technology CompaniesS&P 500
Consensus Rating Score
2.39
2.68
2.50
Consensus RatingHoldModerate BuyModerate Buy
Predicted Upside-3.80% Downside551.74% Upside9.81% Upside
News Sentiment Rating
Positive News

See Recent FTNT News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
11/20/2024Truist Financial
2 of 5 stars
 Reiterated RatingBuy ➝ Buy$85.00 ➝ $105.00+13.92%
11/20/2024Scotiabank
5 of 5 stars
 Boost TargetSector Outperform ➝ Sector Outperform$85.00 ➝ $110.00+20.15%
11/20/2024Rosenblatt Securities
3 of 5 stars
 Boost TargetBuy ➝ Buy$90.00 ➝ $100.00+10.14%
11/19/2024Wedbush
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 Boost TargetOutperform ➝ Outperform$90.00 ➝ $105.00+15.28%
11/19/2024Bank of America
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 Boost TargetBuy ➝ Buy$87.00 ➝ $104.00+14.19%
11/19/2024Piper Sandler
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R. Owens
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Boost TargetNeutral ➝ Neutral$80.00 ➝ $100.00+9.55%
11/19/2024TD Cowen
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S. Eyal
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Boost TargetBuy ➝ Buy$90.00 ➝ $105.00+15.79%
11/19/2024Royal Bank of Canada
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 Boost TargetSector Perform ➝ Sector Perform$82.00 ➝ $97.00+7.56%
11/19/2024Wells Fargo & Company
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 Boost TargetEqual Weight ➝ Equal Weight$80.00 ➝ $85.00-7.49%
11/19/2024Cantor Fitzgerald
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J. Ruykhaver
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Boost TargetNeutral ➝ Neutral$88.00 ➝ $95.00+3.40%
11/19/2024Stifel Nicolaus
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 Boost TargetHold ➝ Hold$84.00 ➝ $90.00-2.05%
11/19/2024BMO Capital Markets
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 Boost TargetMarket Perform ➝ Market Perform$88.00 ➝ $100.00+8.84%
11/19/2024Deutsche Bank Aktiengesellschaft
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 Boost TargetHold ➝ Hold$77.00 ➝ $90.00-2.05%
11/19/2024Morgan Stanley
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 Boost TargetOverweight ➝ Overweight$105.00 ➝ $106.00+15.37%
11/19/2024Robert W. Baird
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 Boost TargetOutperform ➝ Outperform$95.00 ➝ $100.00+8.84%
11/11/2024Hsbc Global Res
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S. Bersey
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UpgradeHold ➝ Strong-Buy
11/11/2024HSBC
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 UpgradeHold ➝ Buy$83.00 ➝ $111.00+17.42%
11/11/2024Needham & Company LLC
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M. Dezort
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Reiterated RatingHold
11/8/2024Barclays
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 Boost TargetEqual Weight ➝ Equal Weight$85.00 ➝ $95.00+3.94%
11/8/2024Raymond James
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 Boost TargetOutperform ➝ Outperform$85.00 ➝ $95.00+4.19%
11/8/2024UBS Group
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 Boost TargetNeutral ➝ Neutral$70.00 ➝ $83.00-7.65%
10/17/2024Mizuho
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G. Moskowitz
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DowngradeNeutral ➝ Underperform$68.00 ➝ $68.00-17.19%
9/13/2024Citigroup
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 Boost TargetNeutral ➝ Neutral$66.00 ➝ $76.00+1.01%
8/8/2024Susquehanna
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 Boost TargetNeutral ➝ Neutral$65.00 ➝ $70.00+0.10%
8/8/2024DZ Bank
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 UpgradeSell ➝ Hold$65.00-7.05%
8/7/2024JPMorgan Chase & Co.
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 Boost TargetNeutral ➝ Neutral$63.00 ➝ $70.00-1.38%
7/29/2024Guggenheim
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R. Mcdonough
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DowngradeBuy ➝ Neutral
5/3/2024Evercore ISI
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 Lower TargetIn-Line ➝ In-Line$72.00 ➝ $67.00+12.30%
4/18/2024Jefferies Financial Group
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 Lower TargetHold ➝ Hold$75.00 ➝ $70.00+8.95%
2/13/2024Daiwa Capital Markets
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 UpgradeNeutral ➝ Outperform$75.00+6.75%
2/8/2024The Goldman Sachs Group
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 Boost TargetBuy ➝ Buy$60.00 ➝ $85.00+22.20%
1/18/2024Sanford C. Bernstein
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 Initiated CoverageMarket Perform$65.00+7.23%
1/17/2024Capital One Financial
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 DowngradeOverweight ➝ Equal Weight
11/3/2023William Blair
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 DowngradeOutperform ➝ Market Perform
11/3/2023Oppenheimer
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 Reiterated RatingOutperform ➝ Market Perform
2/9/2023Loop Capital
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 Boost Target$66.00 ➝ $80.00+34.14%
2/8/2023Roth Capital
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C. Trebnick
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Reiterated RatingBuy
2/8/2023MKM Partners
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Catharine Trebnick
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Boost Target$65.00 ➝ $70.00+30.16%
1/13/2023BTIG Research
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 DowngradeBuy ➝ Neutral

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 07:28 AM ET.


FTNT Forecast - Frequently Asked Questions

According to the research reports of 33 Wall Street equities research analysts, the average twelve-month stock price forecast for Fortinet is $88.93, with a high forecast of $111.00 and a low forecast of $65.00.

33 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, 12 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 downside of -3.80% based on their 12-month stock forecasts.

Over the previous 90 days, Fortinet's stock had 2 upgrades and 1 downgrade by analysts.

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.


This page (NASDAQ:FTNT) was last updated on 11/21/2024 by MarketBeat.com Staff
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