Fortinet, Inc.FTNTNASDAQ

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Overview Charts News Fundamentals Key Metrics TTM Financials Earnings Growth Rating Analysts Institutional Peers Historical

Analyst Sentiment

Analysts are neutral — opinion is divided on direction.

Consensus Rating

Hold

27 analysts·High coverage

26%

Rating Distribution

Strong Buy

00%

Buy

726%

Hold

1659%

Sell

415%

Strong Sell

00%

Analyst ratings reflect Wall Street opinion, not guarantees. Historical accuracy varies by firm and sector.

Price Target Expectations

Current price is 0% above analyst consensus — near fair value expected.

Bear Case

$70.00

-19%

Consensus

$85.71

-0%

Bull Case

$95.00

+11%

Price Range27 analysts

Low

Consensus

High

$70.00

$95.00

Current Target

Current Price

$85.93

Above Target

$0.22

Price targets are 12-month forecasts. Actual results depend on earnings, market conditions, and sector trends.

Earnings & Revenue Estimates

2026E$2.98(24 analysts)

P/E34x

Current: 34.5x

Actual

Estimate

Range (Low–High)

Stock Alarm Pro

Forward Growth Estimates (YoY)

FY2027

Rev+10.47%

EPS+10.93%

FY2028

Rev+9.16%

EPS+11.46%

FY2029

Rev+21.33%

EPS-16.29%

Earnings Surprises

Beat rate:100%(12/12 quarters)

Avg surprise:+16.8%

Beat

Miss

Inline

Estimate

Based on reported EPS vs consensus estimate.

Recent Analyst Actions

Feb 9, 2026BMO Capital

Fortinet price target raised to $95 from $90 at BMO Capital

Target:$95.00

+14.8%from $82.76

Feb 6, 2026Robert W. Baird

Fortinet price target raised to $90 from $86 at Baird

Target:$90.00

+10.5%from $81.46

Feb 6, 2026RBC Capital

Fortinet price target raised to $90 from $85 at RBC Capital

Target:$90.00

+10.3%from $81.61

Feb 6, 2026Bernstein

Fortinet price target raised to $83 from $76 at Bernstein

Target:$83.00

+1.4%from $81.83

Feb 6, 2026Evercore ISI

Fortinet price target raised to $80 from $78 at Evercore ISI

Target:$80.00

-1.1%from $80.89

Feb 6, 2026Mizuho Securities

Fortinet price target raised to $74 from $72 at Mizuho

Target:$74.00

-6.2%from $78.93

Feb 6, 2026UBS

Fortinet price target raised to $90 from $80 at UBS

Target:$90.00

+14.0%from $78.93

Feb 6, 2026Jefferies

Fortinet price target raised to $90 from $80 at Jefferies

Target:$90.00

+14.0%from $78.93

Feb 3, 2026Barclays

Barclays likes Fortinet share setup into Q4 results

Target:$88.00

+8.3%from $81.29

Feb 2, 2026Scotiabank

Fortinet downgraded to Sector Perform from Outperform at Scotiabank

Target:$85.00

+4.6%from $81.26

Jan 30, 2026Jefferies

Jefferies Reiterates Hold Rating on Fortinet (FTNT)

Target:$80.00

-1.9%from $81.51

Jan 20, 2026Truist Financial

Fortinet price target lowered to $88 from $95 at Truist

Target:$88.00

+17.2%from $75.10

Jan 5, 2026Piper Sandler

Fortinet price target raised to $90 from $85 at Piper Sandler

Target:$90.00

+15.6%from $77.88

Dec 18, 2025Morgan Stanley

Fortinet price target raised to $70 from $66 at Morgan Stanley

Target:$70.00

-11.8%from $79.38

Nov 24, 2025Cantor Fitzgerald

Cantor Fitzgerald Reiterates Neutral Rating on Fortinet (FTNT)

Target:$87.00

+10.2%from $78.92

Sep 2, 2025Morgan Stanley

Fortinet downgraded to Underweight from Equal Weight at Morgan Stanley

Target:$67.00

-12.9%from $76.92

Aug 7, 2025Morgan Stanley

Fortinet downgraded to Equal Weight from Overweight at Morgan Stanley

Target:$78.00

-19.2%from $96.58

Jul 14, 2025Barclays

Fortinet price target raised to $110 from $103 at Barclays

Target:$110.00

+11.0%from $99.06

Apr 22, 2025Roth Capital

Fortinet initiated with a Neutral at Roth Capital

Target:$103.00

+9.1%from $94.37

Mar 18, 2025UBS

Fortinet assumed with an Overweight at Morgan Stanley

Target:$123.00

+28.8%from $95.47

Dec 19, 2024KeyBanc

Fortinet upgraded to Overweight from Sector Weight at KeyBanc

Target:$115.00

+18.4%from $97.13

Dec 18, 2024Stifel Nicolaus

Fortinet price target raised to $103 from $90 at Stifel

Target:$103.00

+10.3%from $93.36

Nov 19, 2024Rosenblatt Securities

Fortinet (FTNT) PT Raised to $100 at Rosenblatt

Target:$100.00

+43.5%from $69.69

Nov 11, 2024HSBC

HSBC Upgrades Fortinet (FTNT) to Buy

Target:$111.00

+14.2%from $97.18

Nov 8, 2024BMO Capital

Fortinet (FTNT) PT Raised to $88 at BMO Capital

Target:$88.00

+12.6%from $78.18

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