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Fortinet (FTNT) Stock Forecast, Price Target & Predictions

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FTNT Stock Forecast

Fortinet (FTNT) stock forecast, based on 68 Wall Street analysts, predicts a 12-month average price target of $97.05, with a high of $125.00 and a low of $70.00. This represents a -30.12% decline from the last price of $138.88.

$55 $72 $89 $106 $123 $140 High: $125 Avg: $97.05 Low: $70 Last Closed Price: $138.88

FTNT Stock Rating

Fortinet stock's rating consensus is Hold, based on 68 Wall Street analysts. The breakdown includes 0 Strong Buy (0.00%), 30 Buy (44.12%), 32 Hold (47.06%), 6 Sell (8.82%), and 0 Strong Sell (0.00%).

Hold
Total 68 6 32 30 0 Strong Sell Sell Hold Buy Strong Buy

FTNT Price Target Upside V Benchmarks

TypeNameUpside
StockFortinet-30.12%
SectorTechnology Stocks 21.30%

Price Target Trends

1M3M12M
# Anlaysts-1231
Avg Price Target-$105.50$93.10
Last Closing Price$138.88$138.88$138.88
Upside/Downside--24.04%-32.96%
Ratings Trends
DateStrong BuyBuyHoldSellStrong SellTotal
Jun, 26-10293143
May, 2619293143
Apr, 2619293143
Mar, 2619293143
Feb, 26210282143
Analyst Price Target Forecasts
DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
May 08, 2026Shyam PatilSusquehanna$115.00$111.962.72%-17.19%
May 07, 2026RBC Capital$107.00$110.97-3.58%-22.96%
May 07, 2026Morgan Stanley$80.00$110.83-27.82%-42.40%
May 07, 2026Deutsche Bank$100.00$111.44-10.27%-28.00%
May 07, 2026Truist Financial$120.00$111.297.83%-13.59%
May 07, 2026Shrenik KothariRobert W. Baird$115.00$89.9527.85%-17.19%
May 07, 2026Wells Fargo$70.00$89.95-22.18%-49.60%
May 07, 2026Stephens$115.00$89.9527.85%-17.19%
May 07, 2026Gray PowellBTIG$125.00$89.9538.97%-9.99%
May 07, 2026Barclays$115.00$89.9527.85%-17.19%
Analyst Rating Forecasts
DateCompanyPrevious RatingNew RatingRating Change
Jun 08, 2026Cowen & Co.BuyBuyhold
May 08, 2026SusquehannaNeutralNeutralhold
May 07, 2026RBC CapitalSector PerformSector Performhold
May 07, 2026Morgan StanleyUnderweightUnderweighthold
May 07, 2026Deutsche BankHoldHoldhold
May 07, 2026Wells FargoUnderweightUnderweighthold
May 07, 2026BTIGNeutralBuyupgrade
May 07, 2026Cowen & Co.BuyBuyhold
May 04, 2026BMO CapitalMarket PerformMarket Performhold
Mar 12, 2026Cantor FitzgeraldNeutralNeutralhold

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 68 Wall Street analysts. The rating breakdown includes 0 Strong Buy, 30 Buy, 32 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 68 Wall Street analysts, averages $97.05 over the next 12 months. The price target range spans from $70 at the low end to $125 at the high end, suggesting a potential -30.12% change from the previous closing price of $138.88.

How does Fortinet stock forecast compare to its benchmarks?

Fortinet's stock forecast shows a -30.12% downside, underperforming the average forecast for the technology stocks sector (21.30%).

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

  • June 2026: 0% Strong Buy, 23.26% Buy, 67.44% Hold, 6.98% Sell, 2.33% Strong Sell.
  • May 2026: 2.33% Strong Buy, 20.93% Buy, 67.44% Hold, 6.98% Sell, 2.33% Strong Sell.
  • April 2026: 2.33% Strong Buy, 20.93% Buy, 67.44% Hold, 6.98% Sell, 2.33% 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.