Fortinet (FTNT) Stock Forecast & Price Target

$97.19 +2.34 (+2.47%)

(As of 12/20/2024 05:40 PM ET)

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 34 Analyst Ratings

Sell
1

Hold
19

Buy
14

Based on 34 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 34 analysts, 1 has given a sell rating, 19 have given a hold rating, 13 have given a buy rating, and 1 has given a strong buy rating for FTNT.

Consensus Price Target

$92.77
-4.54% Downside

According to the 34 analysts' twelve-month price targets for Fortinet, the average price target is $92.77. The highest price target for FTNT is $115.00, while the lowest price target for FTNT is $65.00. The average price target represents a forecasted downside of -4.54% from the current price of $97.19.

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FTNT Analyst Ratings Over Time

Type	Current Forecast 12/22/23 to 12/21/24	1 Month Ago 11/22/23 to 11/21/24	3 Months Ago 9/23/23 to 9/22/24	1 Year Ago 12/22/22 to 12/22/23
Strong Buy	1 Strong Buy rating(s)	1 Strong Buy rating(s)	1 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	13 Buy rating(s)	12 Buy rating(s)	9 Buy rating(s)	16 Buy rating(s)
Hold	19 Hold rating(s)	19 Hold rating(s)	23 Hold rating(s)	20 Hold rating(s)
Sell	1 Sell rating(s)	1 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$92.77	$88.93	$71.57	$65.68
Forecasted Upside	-4.54% Downside	-5.53% Downside	-6.78% Downside	10.81% Upside
Consensus Rating	Hold	Hold	Hold	Hold

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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	2.41	2.69	2.51
Consensus Rating	Hold	Moderate Buy	Moderate Buy
Predicted Upside	-4.54% Downside	265.04% Upside	14.54% Upside
News Sentiment Rating	Positive News See Recent FTNT News	Positive News	Positive News

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
12/19/2024	Jefferies Financial Group 2 of 5 stars		Boost Target	Hold ➝ Hold	$95.00 ➝ $105.00	+10.94%
12/19/2024	KeyCorp 3 of 5 stars	E. Heath Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Sector Weight ➝ Overweight	$115.00	+23.18%
12/18/2024	Stifel Nicolaus 4 of 5 stars		Boost Target	Hold ➝ Hold	$90.00 ➝ $103.00	+7.53%
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%
11/22/2024	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
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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%
11/20/2024	Scotiabank Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Sector Outperform ➝ Sector Outperform	$85.00 ➝ $110.00	+20.15%
11/20/2024	Rosenblatt Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$90.00 ➝ $100.00	+10.14%
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	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating	R. Owens Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Neutral ➝ Neutral	$80.00 ➝ $100.00	+9.55%
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	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Sector Perform ➝ Sector Perform	$82.00 ➝ $97.00	+7.56%
11/19/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Equal Weight ➝ Equal Weight	$80.00 ➝ $85.00	-7.49%
11/19/2024	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	$88.00 ➝ $95.00	+3.40%
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%
11/19/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$105.00 ➝ $106.00	+15.37%
11/19/2024	Robert W. Baird Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$95.00 ➝ $100.00	+8.84%
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%
11/8/2024	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$85.00 ➝ $95.00	+4.19%
11/8/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$70.00 ➝ $83.00	-7.65%
9/13/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$66.00 ➝ $76.00	+1.01%
8/8/2024	Susquehanna Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$65.00 ➝ $70.00	+0.10%
8/8/2024	DZ Bank Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Sell ➝ Hold	$65.00	-7.05%
7/29/2024	Guggenheim Subscribe to MarketBeat All Access for the recommendation accuracy rating	R. Mcdonough Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Buy ➝ Neutral
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%
2/8/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$60.00 ➝ $85.00	+22.20%
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
2/9/2023	Loop Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$66.00 ➝ $80.00	+34.14%
2/8/2023	Roth Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating	C. Trebnick Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Buy
2/8/2023	MKM Partners Subscribe to MarketBeat All Access for the recommendation accuracy rating	Catharine Trebnick Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target		$65.00 ➝ $70.00	+30.16%
1/13/2023	BTIG Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Neutral
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Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 10:41 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, December 13, 2024. 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. has recently seen a significant increase in its stock price, currently trading at $98.60, reflecting strong market interest and potential growth.
Analysts have been optimistic about Fortinet, with multiple firms raising their target prices, indicating confidence in the company's future performance. For instance, TD Cowen raised their target from $90.00 to $105.00, suggesting a bullish outlook.
The company has a solid market capitalization of $75.57 billion, which indicates a strong position in the cybersecurity sector, providing stability and growth potential for investors.
Fortinet, Inc. has a diverse product offering in cybersecurity solutions, which is increasingly important as businesses prioritize security in a digital-first world.
Insider ownership stands at 18.00%, which can be a positive indicator of management's confidence in the company's future, as insiders often have a vested interest in the company's success.

Fortinet
Bear Case

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

The recent insider sales, including a significant transaction by the CFO who sold 17,650 shares, may raise concerns about the company's future performance and insider confidence.
Despite the positive analyst ratings, there is still one sell rating among the analysts, indicating that not all market participants are confident in Fortinet's growth prospects.
The company's price-to-earnings ratio stands at 49.52, which is relatively high, suggesting that the stock may be overvalued compared to its earnings, potentially leading to a correction.
Fortinet's stock has experienced volatility, with a 12-month high of $100.59 and a low of $54.57, indicating that the stock price can fluctuate significantly, which may deter risk-averse investors.
The cybersecurity market is highly competitive, and Fortinet faces challenges from other established players, which could impact its market share and growth potential.

FTNT Forecast - Frequently Asked Questions

: According to the research reports of 34 Wall Street equities research analysts, the average twelve-month stock price forecast for Fortinet is $92.77, with a high forecast of $115.00 and a low forecast of $65.00.
: 34 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Fortinet in the last year. There is currently 1 sell rating, 19 hold ratings, 13 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities 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 -4.54% based on their 12-month stock forecasts.
: Over the previous 90 days, Fortinet's stock had 3 upgrades and 1 downgrade by analysts.
: Fortinet has been rated by research analysts at Bank of America, Barclays, BMO Capital Markets, Cantor Fitzgerald, Deutsche Bank Aktiengesellschaft, Hsbc Global Res, HSBC, Jefferies Financial Group, JPMorgan Chase & Co., KeyCorp, Mizuho, Morgan Stanley, Needham & Company LLC, Piper Sandler, Raymond James, Robert W. Baird, Rosenblatt Securities, Royal Bank of Canada, Scotiabank, Stifel Nicolaus, TD Cowen, Truist Financial, UBS Group, Wedbush, 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.

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This page (NASDAQ:FTNT) was last updated on 12/21/2024 by MarketBeat.com Staff

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Fortinet (FTNT) Stock Forecast & Price Target