Fortinet Inc
NASDAQ:FTNT

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Fortinet Inc
NASDAQ:FTNT
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Price: 94.02 USD 1.7% Market Closed
Market Cap: 71.9B USD
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Wall Street
Price Targets

FTNT Price Targets Summary
Fortinet Inc

Wall Street analysts forecast FTNT stock price to rise over the next 12 months.

According to Wall Street analysts, the average 1-year price target for FTNT is 95.92 USD with a low forecast of 62.62 USD and a high forecast of 116.55 USD.

Lowest
Price Target
62.62 USD
33% Downside
Average
Price Target
95.92 USD
2% Upside
Highest
Price Target
116.55 USD
24% Upside

FTNT Last Price Targets
Fortinet Inc

The latest public price target was made on Nov 11, 2024 by Stephen Bersey from HSBC , who expects FTNT stock to rise by 18% over the next 12 months. You can read more about this price target by viewing the article on StreetInsider.

Analyst Price Target Date Article
Stephen Bersey
HSBC
111 USD
Upside 18%
1 week ago
Nov 11, 2024
HSBC Upgrades Fortinet (FTNT) to Buy
StreetInsider
Keith Bachman
BMO Capital
88 USD
Downside 6%
2 weeks ago
Nov 8, 2024
Fortinet (FTNT) PT Raised to $88 at BMO Capital
StreetInsider
Saket Kalia
Barclays
85 USD
Downside 10%
2 weeks ago
Nov 4, 2024
Barclays Reiterates Equalweight Rating on Fortinet (FTNT)
StreetInsider
Catherine Trebnick
Rosenblatt Securities
85 USD
Downside 10%
3 weeks ago
Oct 31, 2024
Fortinet (FTNT) PT Raised to $85 at Rosenblatt
StreetInsider
Junaid Siddiqui
Truist Financial
85 USD
Downside 10%
4 weeks ago
Oct 23, 2024
Fortinet price target raised to $85 from $70 at Truist
TheFly
Gregg Moskowitz
Mizuho Securities
68 USD
Downside 28%
1 month ago
Oct 17, 2024
Mizuho Downgrades Fortinet (FTNT) to Underperform
StreetInsider
Stephen Bersey
HSBC
83 USD
Downside 12%
1 month ago
Sep 23, 2024
Fortinet (FTNT) PT Raised to $83 at HSBC (earlier)
StreetInsider
Janice Quek
CFRA
84 USD
Downside 11%
2 months ago
Sep 13, 2024
Fortinet (FTNT) PT Raised to $84 at CFRA
StreetInsider
Fatima Boolani
Citigroup
76 USD
Downside 19%
2 months ago
Sep 13, 2024
Fortinet (FTNT) PT Raised to $76 at Citi
StreetInsider
Shrenik Kothari
Robert W. Baird
80 USD
Downside 15%
3 months ago
Aug 7, 2024
Fortinet price target raised to $80 from $75 at Baird
TheFly
Stephen Bersey
HSBC
59 USD
Downside 37%
3 months ago
Aug 7, 2024
HSBC Upgrades Fortinet (FTNT) to Hold
StreetInsider
Andrew Nowinski
Wells Fargo
64 USD
Downside 32%
3 months ago
Aug 7, 2024
Fortinet price target raised to $64 from $62 at Wells Fargo
TheFly
Keith Bachman
BMO Capital
76 USD
Downside 19%
3 months ago
Aug 7, 2024
Fortinet (FTNT) PT Raised to $76 at BMO Capital
StreetInsider
Catherine Trebnick
Rosenblatt Securities
68 USD
Downside 28%
3 months ago
Aug 5, 2024
Fortinet (FTNT) PT Lowered to $68 at Rosenblatt
StreetInsider
Fatima Boolani
Citigroup
65 USD
Downside 31%
3 months ago
Jul 30, 2024
Fortinet price target lowered to $65 from $68 at Citi
TheFly
Hamza Fodderwala
Morgan Stanley
69 USD
Downside 27%
4 months ago
Jul 17, 2024
Fortinet price target lowered to $69 from $73 at Morgan Stanley
TheFly
Patrick Colville
Scotiabank
80 USD
Downside 15%
5 months ago
Jun 11, 2024
Scotiabank Reiterates Sector Outperform Rating on Fortinet (FTNT)
StreetInsider
Peter Levine
Evercore ISI
67 USD
Downside 29%
5 months ago
Jun 10, 2024
Fortinet (FTNT) reiterated as Buy by Evercore ISI, 'FTNT now possesses one of the most comprehensive CNAPP platforms'
StreetInsider
Fatima Boolani
UBS
69 USD
Downside 27%
6 months ago
May 3, 2024
Fortinet (FTNT) PT Lowered to $69 at UBS
StreetInsider
Stephen Bersey
HSBC
54 USD
Downside 43%
6 months ago
May 3, 2024
Fortinet price target lowered to $54 from $57 at HSBC
TheFly
Yi Fu Lee
Cantor Fitzgerald
55 USD
Downside 42%
6 months ago
May 3, 2024
Fortinet (FTNT) PT Lowered to $55 at Cantor Fitzgerald
StreetInsider
Gregg Moskowitz
Mizuho Securities
66 USD
Downside 30%
6 months ago
May 3, 2024
Fortinet (FTNT) PT Lowered to $66 at Mizuho
StreetInsider
Junaid Siddiqui
Truist Financial
70 USD
Downside 26%
6 months ago
May 3, 2024
Fortinet price target lowered to $70 from $80 at Truist
TheFly
Dan Bergstrom
RBC Capital
68 USD
Downside 28%
6 months ago
May 3, 2024
Fortinet (FTNT) PT Lowered to $68 at RBC Capital
StreetInsider
Saket Kalia
Barclays
75 USD
Downside 20%
6 months ago
May 3, 2024
Fortinet price target lowered to $75 from $80 at Barclays
TheFly
Rob Owens
Piper Sandler
70 USD
Downside 26%
6 months ago
May 3, 2024
Fortinet (FTNT) PT Lowered to $70 at Piper Sandler
StreetInsider
Shrenik Kothari
Robert W. Baird
81 USD
Downside 14%
9 months ago
Feb 7, 2024
Cybersecurity Firm Fortinet Takes 'Step In Right Direction': 7 Analysts Deep Dive Into Q4 Print
Benzinga
Junaid Siddiqui
Truist Financial
60 USD
Downside 36%
1 year ago
Nov 3, 2023
Fortinet Must Face 'Reality Of Constrained Demand' After Mixed Q3, Analyst Says
Benzinga
Raymond McDonough
Guggenheim
62 USD
Downside 34%
1 year ago
Nov 3, 2023
Fortinet Must Face 'Reality Of Constrained Demand' After Mixed Q3, Analyst Says
Benzinga
Raymond McDonough
Guggenheim
70 USD
Downside 26%
1 year ago
Aug 7, 2023
Guggenheim Upgrades Fortinet (FTNT) to Buy, 'growth to reaccelerate into 2024'
StreetInsider
Unknown Analyst
Loop Capital Markets
66 USD
Downside 30%
1 year ago
Feb 7, 2023
Loop Capital Initiates Coverage On Fortinet with Buy Rating, Announces Price Target of $66
Benzinga
Unknown Analyst
BMO Capital
57 USD
Downside 39%
1 year ago
Feb 2, 2023
BMO Capital Downgrades Fortinet to Market Perform, Lowers Price Target to $57
Benzinga
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Stephen Bersey
HSBC
Price Target 111 USD
Upside/Downside 18%
View Source
Keith Bachman
BMO Capital
Price Target 88 USD
Upside/Downside 6%
View Source
Saket Kalia
Barclays
Price Target 85 USD
Upside/Downside 10%
View Source
Catherine Trebnick
Rosenblatt Securities
Price Target 85 USD
Upside/Downside 10%
View Source
Junaid Siddiqui
Truist Financial
Price Target 85 USD
Upside/Downside 10%
View Source
Gregg Moskowitz
Mizuho Securities
Price Target 68 USD
Upside/Downside 28%
View Source
Stephen Bersey
HSBC
Price Target 83 USD
Upside/Downside 12%
View Source
Janice Quek
CFRA
Price Target 84 USD
Upside/Downside 11%
View Source
Fatima Boolani
Citigroup
Price Target 76 USD
Upside/Downside 19%
View Source
Shrenik Kothari
Robert W. Baird
Price Target 80 USD
Upside/Downside 15%
View Source
Stephen Bersey
HSBC
Price Target 59 USD
Upside/Downside 37%
View Source
Andrew Nowinski
Wells Fargo
Price Target 64 USD
Upside/Downside 32%
View Source
Keith Bachman
BMO Capital
Price Target 76 USD
Upside/Downside 19%
View Source
Catherine Trebnick
Rosenblatt Securities
Price Target 68 USD
Upside/Downside 28%
View Source
Fatima Boolani
Citigroup
Price Target 65 USD
Upside/Downside 31%
View Source
Hamza Fodderwala
Morgan Stanley
Price Target 69 USD
Upside/Downside 27%
View Source
Patrick Colville
Scotiabank
Price Target 80 USD
Upside/Downside 15%
View Source
Peter Levine
Evercore ISI
Price Target 67 USD
Upside/Downside 29%
View Source
Fatima Boolani
UBS
Price Target 69 USD
Upside/Downside 27%
View Source
Stephen Bersey
HSBC
Price Target 54 USD
Upside/Downside 43%
View Source
Yi Fu Lee
Cantor Fitzgerald
Price Target 55 USD
Upside/Downside 42%
View Source
Gregg Moskowitz
Mizuho Securities
Price Target 66 USD
Upside/Downside 30%
View Source
Junaid Siddiqui
Truist Financial
Price Target 70 USD
Upside/Downside 26%
View Source
Dan Bergstrom
RBC Capital
Price Target 68 USD
Upside/Downside 28%
View Source
Saket Kalia
Barclays
Price Target 75 USD
Upside/Downside 20%
View Source
Rob Owens
Piper Sandler
Price Target 70 USD
Upside/Downside 26%
View Source
Shrenik Kothari
Robert W. Baird
Price Target 81 USD
Upside/Downside 14%
View Source
Junaid Siddiqui
Truist Financial
Price Target 60 USD
Upside/Downside 36%
View Source
Raymond McDonough
Guggenheim
Price Target 62 USD
Upside/Downside 34%
View Source
Raymond McDonough
Guggenheim
Price Target 70 USD
Upside/Downside 26%
View Source
Unknown Analyst
Loop Capital Markets
Price Target 66 USD
Upside/Downside 30%
View Source
Unknown Analyst
BMO Capital
Price Target 57 USD
Upside/Downside 39%
View Source
Show More Price Targets
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Revenue
Forecast

Revenue Estimate
Fortinet Inc

For the last 8 years the compound annual growth rate for Fortinet Inc's revenue is 23%. The projected CAGR for the next 3 years is 13%.

23%
Past Growth
13%
Estimated Growth
Estimates Accuracy
-1%
Average Miss

Operating Income
Forecast

Operating Income Estimate
Fortinet Inc

For the last 8 years the compound annual growth rate for Fortinet Inc's operating income is 65%. The projected CAGR for the next 3 years is 23%.

65%
Past Growth
23%
Estimated Growth
Estimates Accuracy
-34%
Average Miss

Net Income
Forecast

Net Income Estimate
Fortinet Inc

For the last 8 years the compound annual growth rate for Fortinet Inc's net income is 86%. The projected CAGR for the next 3 years is 22%.

86%
Past Growth
22%
Estimated Growth
Estimates Accuracy
-6%
Average Miss

See Also

Discover More
Why do you have more estimates than other sites?

Our estimates are sourced from the pool of sell-side and buy-side analysts that we have access to. What is available on other sites you are seeing are mostly from the sell-side analysts.

What is FTNT's stock price target?
Price Target
95.92 USD

According to Wall Street analysts, the average 1-year price target for FTNT is 95.92 USD with a low forecast of 62.62 USD and a high forecast of 116.55 USD.

What is Fortinet Inc's Revenue forecast?
Projected CAGR
13%

For the last 8 years the compound annual growth rate for Fortinet Inc's revenue is 23%. The projected CAGR for the next 3 years is 13%.

What is Fortinet Inc's Operating Income forecast?
Projected CAGR
23%

For the last 8 years the compound annual growth rate for Fortinet Inc's operating income is 65%. The projected CAGR for the next 3 years is 23%.

What is Fortinet Inc's Net Income forecast?
Projected CAGR
22%

For the last 8 years the compound annual growth rate for Fortinet Inc's net income is 86%. The projected CAGR for the next 3 years is 22%.

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