Fortinet, Inc. (FTNT) Stock Forecast
Data as of Sep 16, 2026Technology · Current price $173.20 (+1.76%)
Price Target Range
Consensus Price Target Over Time
Analyst Rating Distribution
Last 3 Months
6-Month Trend
Latest Analyst Forecasts
Price targets issued by Wall Street analysts. Upside calculated against today's price.
| Date | Analyst | Firm | Price Target | Upside |
|---|---|---|---|---|
| Feb 6, 2026 | Dan Bergstrom | RBC Capital | $90.00 | -48.0% |
| Feb 6, 2026 | Peter Levine | Evercore ISI | $80.00 | -53.8% |
| Feb 6, 2026 | Joseph Gallo | Jefferies | $90.00 | -48.0% |
| Feb 3, 2026 | Saket Kalia | Barclays | $88.00 | -49.2% |
| Jan 30, 2026 | Joseph Gallo | Jefferies | $80.00 | -53.8% |
| Jan 5, 2026 | Rob Owens | Piper Sandler | $90.00 | -48.0% |
| Nov 24, 2025 | Jonathan Ruykhaver | Cantor Fitzgerald | $87.00 | -49.8% |
| Sep 2, 2025 | Meta Marshall | Morgan Stanley | $67.00 | -61.3% |
| Aug 7, 2025 | Keith Weiss | Morgan Stanley | $78.00 | -55.0% |
| Jul 14, 2025 | Saket Kalia | Barclays | $110.00 | -36.5% |
| Dec 19, 2024 | Eric Heath | KeyBanc | $115.00 | -33.6% |
| Dec 18, 2024 | Adam Borg | Stifel Nicolaus | $103.00 | -40.5% |
| Nov 19, 2024 | Catherine Trebnick | Rosenblatt Securities | $100.00 | -42.3% |
| Nov 11, 2024 | Stephen Bersey | HSBC | $111.00 | -35.9% |
| Nov 8, 2024 | Keith Bachman | BMO Capital | $88.00 | -49.2% |
| Nov 4, 2024 | Saket Kalia | Barclays | $85.00 | -50.9% |
| Oct 31, 2024 | Catherine Trebnick | Rosenblatt Securities | $85.00 | -50.9% |
| Oct 23, 2024 | Junaid Siddiqui | Truist Financial | $85.00 | -50.9% |
| Oct 17, 2024 | Gregg Moskowitz | Mizuho Securities | $68.00 | -60.7% |
| Sep 23, 2024 | Stephen Bersey | HSBC | $83.00 | -52.1% |
Top Analysts Covering FTNT
FTNT vs Sector & Market
| Metric | FTNT | Technology Avg | Large Cap Avg |
|---|---|---|---|
| Analyst Rating | 2.91 | 2.37 | 2.42 |
| Analyst Count | 43 | 14 | 18 |
| Target Upside | +1.7% | +1939.9% | +19.5% |
| P/E Ratio | 66.87 | 38.27 | 38.67 |
Revenue Estimates
| Period | Low | Avg | High | # |
|---|---|---|---|---|
| 2026-12-31 | $7.52B | $7.60B | $7.67B | 32 |
| 2027-03-31 | $1.89B | $1.93B | $1.95B | 13 |
| 2027-06-30 | $1.98B | $2.02B | $2.05B | 16 |
| 2027-09-30 | $2.08B | $2.13B | $2.15B | 13 |
| 2027-12-31 | $2.28B | $2.33B | $2.36B | 19 |
| 2028-03-31 | $2.09B | $2.13B | $2.16B | 18 |
| 2028-06-30 | $2.18B | $2.22B | $2.25B | 12 |
| 2028-09-30 | $2.26B | $2.31B | $2.34B | 19 |
| 2028-12-31 | $2.48B | $2.53B | $2.56B | 12 |
| 2029-12-31 | $10.81B | $11.12B | $11.34B | 11 |
| 2030-12-31 | $11.54B | $11.87B | $12.11B | 7 |
EPS Estimates
| Period | Low | Avg | High | # |
|---|---|---|---|---|
| 2026-12-31 | $2.95 | $2.98 | $3.07 | 25 |
| 2027-03-31 | $0.69 | $0.71 | $0.72 | 11 |
| 2027-06-30 | $0.76 | $0.78 | $0.79 | 11 |
| 2027-09-30 | $0.83 | $0.85 | $0.86 | 11 |
| 2027-12-31 | $0.93 | $0.95 | $0.97 | 11 |
| 2028-03-31 | $0.77 | $0.79 | $0.80 | 12 |
| 2028-06-30 | $0.84 | $0.86 | $0.87 | 12 |
| 2028-09-30 | $0.95 | $0.97 | $0.99 | 12 |
| 2028-12-31 | $1.04 | $1.07 | $1.09 | 12 |
| 2029-12-31 | $2.97 | $3.08 | $3.16 | 6 |
| 2030-12-31 | $3.17 | $3.29 | $3.38 | 6 |
Frequently Asked Questions
What is the analyst consensus for FTNT?
The consensus among 43 analysts covering Fortinet, Inc. (FTNT) is Hold with an average price target of $159.21.
What is the highest price target for FTNT?
The highest price target for FTNT is $115.00, set by Eric Heath at KeyBanc on 2024-12-19.
What is the lowest price target for FTNT?
The lowest price target for FTNT is $50.00, set by Patrick Colville at Deutsche Bank on 2022-03-26.
How many analysts cover FTNT?
43 analysts have issued ratings for Fortinet, Inc. in the past 12 months.
Is FTNT a buy or sell right now?
Based on 43 analyst ratings, FTNT has a consensus rating of Hold (2.91/5) with a +1.7% upside to the consensus target of $159.21.
What are the earnings estimates for FTNT?
Analysts estimate FTNT will report EPS of $2.98 for the period ending 2026-12-31, with revenue estimated at $7.60B.
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Data updated daily. Analyst price targets sourced from public filings and broker reports. Not investment advice.