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Fortinet (FTNT) Stock Forecast, Price Target & Predictions

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FTNT Stock Forecast

Fortinet (FTNT) stock forecast, based on 67 Wall Street analysts, predicts a 12-month average price target of $88.00, with a high of $110.00 and a low of $67.00. This represents a 6.69% increase from the last price of $82.48.

$55 $66 $77 $88 $99 $110 High: $110 Avg: $88 Low: $67 Last Closed Price: $82.48

FTNT Stock Rating

Fortinet stock's rating consensus is Hold, based on 67 Wall Street analysts. The breakdown includes 0 Strong Buy (0.00%), 29 Buy (43.28%), 34 Hold (50.75%), 4 Sell (5.97%), and 0 Strong Sell (0.00%).

Hold
Total 67 4 34 29 0 Strong Sell Sell Hold Buy Strong Buy

FTNT Price Target Upside V Benchmarks

TypeNameUpside
StockFortinet6.69%
SectorTechnology Stocks 19.50%

Price Target Trends

1M3M12M
# Anlaysts118
Avg Price Target$87.00$87.00$98.25
Last Closing Price$82.48$82.48$82.48
Upside/Downside5.48%5.48%19.12%
Ratings Trends
DateStrong BuyBuyHoldSellStrong SellTotal
Dec, 2527302-41
Nov, 2548292-43
Oct, 2548292-43
Sep, 2548302-44
Aug, 25510282-45
Analyst Price Target Forecasts
DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Nov 24, 2025Jonathan RuykhaverCantor Fitzgerald$87.00$78.9210.24%5.48%
Sep 02, 2025Meta MarshallMorgan Stanley$67.00$76.93-12.91%-18.77%
Aug 07, 2025Keith WeissMorgan Stanley$78.00$96.58-19.24%-5.43%
Jul 14, 2025Saket KaliaBarclays$110.00$99.0611.04%33.37%
Apr 22, 2025Roth Capital$103.00$94.379.14%24.88%
Mar 18, 2025UBS$123.00$95.4728.84%49.13%
Dec 19, 2024Eric HeathKeyBanc$115.00$97.1318.40%39.43%
Dec 18, 2024Adam BorgStifel Nicolaus$103.00$93.3610.33%24.88%
Nov 19, 2024Catherine TrebnickRosenblatt Securities$100.00$69.6943.49%21.24%
Nov 11, 2024Stephen BerseyHSBC$111.00$97.1814.22%34.58%
Analyst Rating Forecasts
DateCompanyPrevious RatingNew RatingRating Change
Nov 24, 2025Cantor FitzgeraldNeutralNeutralhold
Oct 20, 2025CitigroupNeutralMixeddowngrade
Sep 02, 2025Morgan StanleyReduceUnderweightdowngrade
Aug 18, 2025CitigroupNeutralNeutralhold
Aug 07, 2025Cowen & Co.BuyHolddowngrade
Aug 07, 2025Morgan StanleyOverweightReducedowngrade
Aug 07, 2025Piper SandlerNeutralNeutraldowngrade
Aug 07, 2025KeyBancOverweightSector Weightdowngrade
May 12, 2025Wolfe ResearchPeer Performinitialise
Apr 22, 2025Roth CapitalNeutralinitialise

Financial Forecast

EPS Forecast

Dec 20 Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26 Dec 27 Dec 28
Dec 20Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26Dec 27Dec 28
Reported$0.60$0.74$1.08$1.47$2.28----
Avg Forecast$0.65$0.78$1.15$1.56$2.25$2.43$2.75$2.76$2.69
High Forecast$0.67$0.80$1.19$1.60$2.27$2.63$3.46$3.65$2.82
Low Forecast$0.63$0.76$1.04$1.55$2.22$2.13$2.22$1.87$2.60
Surprise %-7.69%-5.13%-6.09%-5.77%1.33%----

Revenue Forecast

$3B $4B $6B $8B $9B $11B Dec 20 Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26 Dec 27 Dec 28
Dec 20Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26Dec 27Dec 28
Reported$2.59B$3.34B$4.42B$5.30B$5.96B----
Avg Forecast$2.57B$3.34B$4.43B$5.30B$5.89B$6.62B$7.49B$9.06B$10.25B
High Forecast$2.62B$3.41B$4.55B$5.33B$5.90B$6.82B$7.50B$9.16B$10.62B
Low Forecast$2.52B$3.27B$4.12B$5.27B$5.88B$6.45B$7.47B$8.97B$9.96B
Surprise %1.05%0.08%-0.24%0.04%1.06%----

Net Income Forecast

$0 $600M $1B $2B $2B $3B Dec 20 Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26 Dec 27 Dec 28
Dec 20Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26Dec 27Dec 28
Reported$488.50M$606.80M$857.30M$1.15B$1.75B----
Avg Forecast$409.10M$540.56M$632.91M$1.15B$1.77B$1.69B$1.93B$2.36B$2.12B
High Forecast$490.92M$648.68M$759.49M$1.38B$1.79B$2.07B$2.72B$2.88B$2.22B
Low Forecast$327.28M$432.45M$506.33M$918.24M$1.75B$1.68B$1.75B$1.47B$2.05B
Surprise %19.41%12.25%35.45%--1.17%----

FTNT Forecast FAQ

Is Fortinet stock a buy?

Fortinet stock has a consensus rating of Hold, based on 67 Wall Street analysts. The rating breakdown includes 0 Strong Buy, 29 Buy, 34 Hold, 4 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 67 Wall Street analysts, averages $88 over the next 12 months. The price target range spans from $67 at the low end to $110 at the high end, suggesting a potential 6.69% change from the previous closing price of $82.48.

How does Fortinet stock forecast compare to its benchmarks?

Fortinet's stock forecast shows a 6.69% upside, underperforming the average forecast for the technology stocks sector (19.50%).

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

  • December 2025: 4.88% Strong Buy, 17.07% Buy, 73.17% Hold, 4.88% Sell, 0% Strong Sell.
  • November 2025: 9.30% Strong Buy, 18.60% Buy, 67.44% Hold, 4.65% Sell, 0% Strong Sell.
  • October 2025: 9.30% Strong Buy, 18.60% Buy, 67.44% Hold, 4.65% Sell, 0% Strong Sell.

What is Fortinet’s EPS forecast?

Fortinet's average annual EPS forecast for its fiscal year ending in December 2025 is $2.43, marking a 6.58% increase from the reported $2.28 in 2024. Estimates for the following years are $2.75 in 2026, $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 2025 is $6.62B, reflecting a 11.22% increase from the reported $5.96B in 2024. The forecast for 2026 is $7.49B, followed by $9.06B for 2027, and $10.25B for 2028.

What is Fortinet’s net income forecast?

Fortinet's net income forecast for the fiscal year ending in December 2025 stands at $1.69B, representing a -3.15% decrease from the reported $1.75B in 2024. Projections indicate $1.93B in 2026, $2.36B in 2027, and $2.12B in 2028.