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Fortinet (FTNT) Stock Forecast, Price Target & Predictions

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FTNT Stock Forecast

Fortinet (FTNT) stock forecast, based on 69 Wall Street analysts, predicts a 12-month average price target of $163.64, with a high of $210.00 and a low of $100.00. This represents a -5.40% decline from the last price of $172.98.

$50 $90 $130 $170 $210 $250 High: $210 Avg: $163.64 Low: $100 Last Closed Price: $172.98

FTNT Stock Rating

Fortinet stock's rating consensus is Hold, based on 69 Wall Street analysts. The breakdown includes 0 Strong Buy (0.00%), 29 Buy (42.03%), 34 Hold (49.28%), 6 Sell (8.70%), and 0 Strong Sell (0.00%).

Hold
Total 69 6 34 29 0 Strong Sell Sell Hold Buy Strong Buy

FTNT Price Target Upside V Benchmarks

TypeNameUpside
StockFortinet-5.40%
SectorTechnology Stocks 35.45%

Price Target Trends

1M3M12M
# Anlaysts62564
Avg Price Target$182.00$173.16$134.05
Last Closing Price$172.98$172.98$172.98
Upside/Downside5.21%0.10%-22.51%
Ratings Trends
DateStrong BuyBuyHoldSellStrong SellTotal
Oct, 2618313144
Sep, 26110293144
Aug, 26110293144
Jul, 26110283244
Jun, 26-10293143
Analyst Price Target Forecasts
DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Oct 21, 2026Arete Research$117.00$170.93-31.55%-32.36%
Oct 20, 2026Junaid SiddiquiTruist Financial$200.00$171.4716.64%15.62%
Oct 15, 2026UBS$200.00$180.1611.01%15.62%
Oct 15, 2026Mizuho Securities$160.00$184.05-13.07%-7.50%
Oct 12, 2026Dan BergstromRBC Capital$205.00$195.015.12%18.51%
Oct 12, 2026Saket KaliaBarclays$210.00$194.757.83%21.40%
Sep 17, 2026Bernstein$145.00$171.77-15.58%-16.18%
Sep 10, 2026Wedbush$155.00$158.85-2.42%-10.39%
Jul 31, 2026Susquehanna$160.00$156.412.30%-7.50%
Jul 30, 2026RBC Capital$185.00$156.0518.55%6.95%
Analyst Rating Forecasts
DateCompanyPrevious RatingNew RatingRating Change
Oct 15, 2026UBSNeutralNeutralhold
Oct 13, 2026Cowen & Co.BuyBuyhold
Oct 12, 2026RBC CapitalSector PerformSector Performhold
Sep 17, 2026BernsteinMarket PerformMarket Performhold
Sep 16, 2026Cowen & Co.BuyBuyhold
Sep 10, 2026WedbushUnderperformNeutraldowngrade
Aug 24, 2026Cantor FitzgeraldNeutralNeutralhold
Jul 31, 2026SusquehannaNeutralNeutralhold
Jul 30, 2026Morgan StanleyPositivePositivehold
Jul 30, 2026Deutsche BankHoldHoldhold

Financial Forecast

EPS Forecast

Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26 Dec 27 Dec 28
Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26Dec 27Dec 28
Reported$0.74$1.08$1.47$2.28$2.44---
Avg Forecast$0.78$1.15$1.56$2.25$2.43$2.75$2.76$2.69
High Forecast$0.80$1.19$1.60$2.27$2.63$3.46$3.65$2.82
Low Forecast$0.76$1.04$1.55$2.22$2.13$2.22$1.87$2.60
Surprise %-5.13%-6.09%-5.77%1.33%0.41%---

Revenue Forecast

$3B $5B $6B $8B $9B $11B Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26 Dec 27 Dec 28
Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26Dec 27Dec 28
Reported$3.34B$4.42B$5.30B$5.96B$6.80B---
Avg Forecast$3.34B$4.43B$5.30B$5.89B$6.62B$7.49B$9.06B$10.25B
High Forecast$3.41B$4.55B$5.33B$5.90B$6.82B$7.50B$9.16B$10.62B
Low Forecast$3.27B$4.12B$5.27B$5.88B$6.45B$7.47B$8.97B$9.96B
Surprise %0.08%-0.24%0.04%1.06%2.65%---

Net Income Forecast

$0 $600M $1B $2B $2B $3B Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26 Dec 27 Dec 28
Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26Dec 27Dec 28
Reported$606.80M$857.30M$1.15B$1.75B$1.85B---
Avg Forecast$540.56M$632.91M$1.15B$1.77B$1.69B$1.93B$2.36B$2.12B
High Forecast$648.68M$759.49M$1.38B$1.79B$2.07B$2.72B$2.88B$2.22B
Low Forecast$432.45M$506.33M$918.24M$1.75B$1.68B$1.75B$1.47B$2.05B
Surprise %12.25%35.45%--1.17%9.66%---

FTNT Forecast FAQ

Is Fortinet stock a buy?

Fortinet stock has a consensus rating of Hold, based on 69 Wall Street analysts. The rating breakdown includes 0 Strong Buy, 29 Buy, 34 Hold, 6 Sell, and 0 Strong Sell, reflecting a consensus that Fortinet is a neutral investment for most analysts.

What is Fortinet's price target?

Fortinet's price target, set by 69 Wall Street analysts, averages $163.64 over the next 12 months. The price target range spans from $100 at the low end to $210 at the high end, suggesting a potential -5.40% change from the previous closing price of $172.98.

How does Fortinet stock forecast compare to its benchmarks?

Fortinet's stock forecast shows a -5.40% downside, underperforming the average forecast for the technology stocks sector (35.45%).

What is the breakdown of analyst ratings for Fortinet over the past three months?

  • October 2026: 2.27% Strong Buy, 18.18% Buy, 70.45% Hold, 6.82% Sell, 2.27% Strong Sell.
  • September 2026: 2.27% Strong Buy, 22.73% Buy, 65.91% Hold, 6.82% Sell, 2.27% Strong Sell.
  • August 2026: 2.27% Strong Buy, 22.73% Buy, 65.91% Hold, 6.82% Sell, 2.27% Strong Sell.

What is Fortinet’s EPS forecast?

Fortinet's average annual EPS forecast for its fiscal year ending in December 2026 is $2.75, marking a 12.70% increase from the reported $2.44 in 2025. Estimates for the following years are $2.76 in 2027, and $2.69 in 2028.

What is Fortinet’s revenue forecast?

Fortinet's average annual revenue forecast for its fiscal year ending in December 2026 is $7.49B, reflecting a 10.11% increase from the reported $6.8B in 2025. The forecast for 2027 is $9.06B, and $10.25B for 2028.

What is Fortinet’s net income forecast?

Fortinet's net income forecast for the fiscal year ending in December 2026 stands at $1.93B, representing an 4.25% increase from the reported $1.85B in 2025. Projections indicate $2.36B in 2027, and $2.12B in 2028.