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Fortinet (FTNT) Stock Forecast & Price Target

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$79.98 -0.91 (-1.12%)
As of 11:13 AM Eastern
This is a fair market value price provided by Polygon.io. Learn more.

Fortinet - Analysts' Recommendations and Stock Price Forecast (2025)

Consensus Rating

Sell
2
Hold
25
Buy
10

Based on 37 Wall Street analysts who have issued ratings for Fortinet in the last 12 months, the stock has a consensus rating of "Hold." Out of the 37 analysts, 2 have given a sell rating, 25 have given a hold rating, 8 have given a buy rating, and 2 have given a strong buy rating for FTNT.

Consensus Price Target

$97.03
21.32% Upside
According to the 37 analysts' twelve-month price targets for Fortinet, the average price target is $97.03. The highest price target for FTNT is $135.00, while the lowest price target for FTNT is $67.00. The average price target represents a forecasted upside of 21.32% from the current price of $79.98.
MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
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FTNT Analyst Ratings Over Time

TypeCurrent Forecast
9/12/24 to 9/12/25
1 Month Ago
8/13/24 to 8/13/25
3 Months Ago
6/14/24 to 6/14/25
1 Year Ago
9/13/23 to 9/12/24
Strong Buy
2 Strong Buy rating(s)
2 Strong Buy rating(s)
2 Strong Buy rating(s)
1 Strong Buy rating(s)
Buy
8 Buy rating(s)
8 Buy rating(s)
11 Buy rating(s)
9 Buy rating(s)
Hold
25 Hold rating(s)
24 Hold rating(s)
20 Hold rating(s)
23 Hold rating(s)
Sell
2 Sell rating(s)
2 Sell rating(s)
1 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$97.03$97.93$104.80$71.31
Forecasted Upside21.32% Upside23.45% Upside3.94% Upside-4.27% Downside
Consensus RatingHoldHoldHoldHold

FTNT Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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FTNT Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
Skip Chart and View Analyst Price Target HistorySkip Chart & View Price History Table

Fortinet Stock vs. The Competition

TypeFortinetComputer and Technology CompaniesS&P 500
Consensus Rating Score
2.27
2.65
2.53
Consensus RatingHoldModerate BuyModerate Buy
Predicted Upside20.18% Upside63.39% Upside9.69% Upside
News Sentiment Rating
Positive News

See Recent FTNT News
Positive News
Positive News
DateBrokerageAnalystActionRatingPrice TargetReport Date
Upside/Downside
Details
9/2/2025Morgan Stanley
3 of 5 stars
Meta Marshall
Meta Marshall
Not Rated
Reiterated RatingEqual WeightUnderweight$78.00 ➝ $67.00-14.94%
8/18/2025Citigroup
2 of 5 stars
Fatima Boolani
Fatima Boolani
Not Rated
Reiterated RatingNeutral$110.00 ➝ $85.00+7.45%
8/14/2025Erste Group Bank
3 of 5 stars
 DowngradeBuyHold
8/8/2025Evercore ISI
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Lower TargetIn-Line$105.00 ➝ $78.00+3.59%
8/8/2025DZ Bank
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 UpgradeHoldBuy$85.00+12.88%
8/7/2025Cowen
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 DowngradeBuyHold
8/7/2025KeyCorp
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DowngradeOverweightSector Weight
8/7/2025JPMorgan Chase & Co.
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Lower TargetNeutral$105.00 ➝ $87.00+15.54%
8/7/2025Scotiabank
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Lower TargetSector Outperform$115.00 ➝ $85.00+14.12%
8/7/2025UBS Group
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Lower TargetNeutral$105.00 ➝ $90.00+24.92%
8/7/2025Stifel Nicolaus
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Lower TargetHold$95.00 ➝ $85.00+17.95%
8/7/2025Royal Bank Of Canada
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Lower TargetSector Perform$110.00 ➝ $95.00+31.10%
8/7/2025Wells Fargo & Company
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Lower TargetEqual Weight$110.00 ➝ $85.00+17.14%
8/7/2025Truist Financial
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Lower TargetBuy$125.00 ➝ $95.00+33.34%
8/7/2025Wedbush
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Lower TargetOutperform$120.00 ➝ $100.00+3.54%
8/7/2025Mizuho
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Lower TargetUnderperform$87.00 ➝ $75.00-22.34%
8/7/2025Barclays
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Lower TargetEqual Weight$110.00 ➝ $90.00-6.81%
8/7/2025Rosenblatt Securities
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Reiterated RatingBuyNeutral$125.00 ➝ $85.00-11.99%
8/7/2025TD Cowen
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 Reiterated RatingBuyHold$105.00+8.72%
8/7/2025BMO Capital Markets
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Lower TargetMarket Perform$110.00 ➝ $90.00-6.81%
7/16/2025Cantor Fitzgerald
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Boost TargetNeutral$100.00 ➝ $110.00+4.83%
5/12/2025Wolfe Research
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Initiated CoveragePeer Perform
5/6/2025Robert W. Baird
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Boost TargetNeutral$110.00 ➝ $113.00+3.97%
4/22/2025Roth Capital
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Set TargetNeutral$103.00+9.14%
4/1/2025Stephens
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Initiated CoverageEqual Weight$108.00+12.85%
3/31/2025Jefferies Financial Group
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Lower TargetHold$115.00 ➝ $105.00+11.74%
2/10/2025Susquehanna
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Boost TargetNeutral$90.00 ➝ $110.00-0.55%
2/7/2025The Goldman Sachs Group
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Boost TargetBuy$114.00 ➝ $130.00+19.54%
2/7/2025Guggenheim
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Reiterated RatingNeutral
2/7/2025Piper Sandler
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Reiterated RatingOverweight$120.00 ➝ $135.00+25.82%
2/7/2025Needham & Company LLC
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Reiterated RatingHold
2/3/2025Baird R W
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DowngradeStrong-BuyHold
1/14/2025Raymond James Financial
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Reiterated RatingOutperformMarket Perform
11/19/2024Bank of America
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 Boost TargetBuy$87.00 ➝ $104.00+14.19%
11/19/2024Deutsche Bank Aktiengesellschaft
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 Boost TargetHold$77.00 ➝ $90.00-2.05%
11/11/2024Hsbc Global Res
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UpgradeHoldStrong-Buy
11/11/2024HSBC
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 UpgradeHoldBuy$83.00 ➝ $111.00+17.42%
2/13/2024Daiwa Capital Markets
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 UpgradeNeutralOutperform$75.00+6.75%
1/18/2024Sanford C. Bernstein
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 Initiated CoverageMarket Perform$65.00+7.23%
1/17/2024Capital One Financial
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 DowngradeOverweightEqual Weight
11/3/2023William Blair
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 DowngradeOutperformMarket Perform
11/3/2023Oppenheimer
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 Reiterated RatingOutperformMarket Perform

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Friday at 11:01 AM ET.


Should I Buy Fortinet Stock? FTNT Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Wednesday, September 10, 2025. Please send any questions or comments about these Fortinet pros and cons to contact@marketbeat.com.

Fortinet
Bull Case

green Wall Street bull icon

Here are some ways that investors could benefit from investing in Fortinet, Inc.:

  • The current stock price is around $79.84, which may present a buying opportunity for investors looking for value in the cybersecurity sector.
  • Fortinet, Inc. has a strong market capitalization of approximately $61.18 billion, indicating a solid position in the industry and potential for growth.
  • Recent analyst ratings show a consensus of "Hold" with a significant number of analysts issuing "Buy" ratings, suggesting confidence in the company's future performance.
  • The company has a relatively low debt-to-equity ratio of 0.24, which indicates financial stability and less risk associated with debt obligations.
  • Fortinet, Inc. has demonstrated resilience with a one-year high of $114.82, showcasing its ability to perform well even in fluctuating market conditions.

Fortinet
Bear Case

red Wall Street bear icon

Investors should be bearish about investing in Fortinet, Inc. for these reasons:

  • Recent price target adjustments by analysts, including cuts from firms like Wedbush and Mizuho, indicate a cautious outlook on the stock's near-term performance.
  • With a P/E ratio of 31.81, the stock may be considered overvalued compared to industry peers, which could deter value-focused investors.
  • Insider selling activity, including significant sales by the CEO and VP, may raise concerns about the company's future prospects and insider confidence.
  • The stock has experienced volatility, with a one-year low of $70.12, suggesting potential risks for investors looking for stability.
  • Analysts have issued a mix of ratings, including "underperform" and "underweight," which may signal uncertainty about the company's growth trajectory.

FTNT Forecast - Frequently Asked Questions

According to the research reports of 37 Wall Street equities research analysts, the average twelve-month stock price forecast for Fortinet is $97.03, with a high forecast of $135.00 and a low forecast of $67.00.

37 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Fortinet in the last twelve months. There are currently 2 sell ratings, 25 hold ratings, 8 buy ratings and 2 strong buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" FTNT shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in FTNT, but not buy additional shares or sell existing shares.

According to analysts, Fortinet's stock has a predicted upside of 21.32% based on their 12-month stock forecasts.

Over the previous 90 days, Fortinet's stock had 4 downgrades and 1 upgrade by analysts.

Analysts like Fortinet less than other "computer and technology" companies. The consensus rating for Fortinet is Hold while the average consensus rating for "computer and technology" companies is Moderate Buy. Learn more on how FTNT compares to other companies.


This page (NASDAQ:FTNT) was last updated on 9/12/2025 by MarketBeat.com Staff
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