Fortinet (FTNT) Stock Forecast & Price Target

$166.00 -6.78 (-3.92%)

As of 08/28/2026 04:00 PM Eastern

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Fortinet - Analysts' Recommendations and Stock Price Forecast (2026)

Consensus Rating

Hold

Based on 36 Analyst Ratings

Sell
5

Hold
20

Buy
11

Based on 36 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 36 analysts, 5 have given a sell rating, 20 have given a hold rating, 9 have given a buy rating, and 2 have given a strong buy rating for FTNT.

Consensus Price Target

$150.91
-9.09% Downside

According to the 36 analysts' twelve-month price targets for Fortinet, the average price target is $150.91. The highest price target for FTNT is $215.00, while the lowest price target for FTNT is $75.00. The average price target represents a forecasted downside of -9.09% from the current price of $166.00.

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

Type	Current Forecast 8/29/25 to 8/29/26	1 Month Ago 7/30/25 to 7/30/26	3 Months Ago 5/31/25 to 5/31/26	1 Year Ago 8/29/24 to 8/29/25
Strong Buy	2 Strong Buy rating(s)	2 Strong Buy rating(s)	2 Strong Buy rating(s)	1 Strong Buy rating(s)
Buy	9 Buy rating(s)	7 Buy rating(s)	5 Buy rating(s)	8 Buy rating(s)
Hold	20 Hold rating(s)	23 Hold rating(s)	24 Hold rating(s)	23 Hold rating(s)
Sell	5 Sell rating(s)	5 Sell rating(s)	4 Sell rating(s)	2 Sell rating(s)
Consensus Price Target	$150.91	$129.81	$102.69	$97.40
Forecasted Upside	-9.09% Downside	-15.85% Downside	-25.57% Downside	23.65% Upside
Consensus Rating	Hold	Hold	Hold	Hold

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.

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.

Fortinet Stock vs. The Competition

Type	Fortinet	Technology Companies	Broader Market
Consensus Rating Score	2.22	2.23	2.53
Consensus Rating	Hold	Hold	Moderate Buy
Predicted Upside	-9.09% Downside	403.75% Upside	13.05% Upside
News Sentiment Rating	Positive News See Recent FTNT News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export

Date	Brokerage	Analyst	Action	Rating	Price Target	Report Date Upside/Downside
8/24/2026	Cantor Fitzgerald 5 of 5 stars	Jonathan Ruykhaver 4 of 5 stars	Reiterated Rating	Neutral
8/20/2026	Weiss Ratings 5 of 5 stars		Downgrade	Buy (B-) ➝ Hold (C+)
7/31/2026	Susquehanna 4 of 5 stars	Shyam Patil 2 of 5 stars	Boost Target	Neutral	$115.00 ➝ $160.00	+3.73%
7/30/2026	Royal Bank Of Canada Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Dan Bergstrom Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Set Target	Sector Perform	$160.00 ➝ $185.00	+19.81%
7/30/2026	Robert W. Baird Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Shrenik Kothari Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Set Target		$165.00	+6.86%
7/30/2026	Evercore Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Set Target		$165.00	+4.83%
7/30/2026	Morgan Stanley Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Meta Marshall Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Reiterated Rating	Positive	$133.00 ➝ $136.00	-15.18%
7/30/2026	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Reiterated Rating	Hold	$160.00	-0.21%
7/30/2026	UBS Group Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Roger Boyd Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Reiterated Rating	Neutral	$180.00	+12.26%
7/30/2026	Scotiabank Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Patrick Colville Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Reiterated Rating	Sector Perform	$163.00	+6.38%
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7/30/2026	Stifel Nicolaus Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Adam Borg Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Set Target	Hold	$102.00 ➝ $175.00	+9.14%
7/30/2026	The Goldman Sachs Group Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Reiterated Rating	Buy	$190.00	+24.00%
7/30/2026	Piper Sandler Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Rob Owens Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Reiterated Rating	Neutral	$110.00 ➝ $175.00	+14.21%
7/30/2026	HC Wainwright Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Reiterated Rating	Buy
7/30/2026	Wells Fargo & Company Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Richard Poland Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Set Target	Underweight	$120.00 ➝ $135.00	-11.89%
7/30/2026	Wolfe Research Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Set Target		$175.00	+14.21%
7/30/2026	Barclays Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Saket Kalia Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Set Target	Equal Weight	$170.00 ➝ $190.00	+24.00%
7/30/2026	DZ Bank Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Downgrade	Hold ➝ Strong Sell
7/30/2026	Citigroup Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Fatima Boolani Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Neutral	$165.00 ➝ $185.00	+19.83%
7/30/2026	Rosenblatt Securities Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Catharine Trebnick Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Buy	$185.00 ➝ $195.00	+27.27%
7/30/2026	BTIG Research Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Gray Powell Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Buy	$186.00 ➝ $203.00	+32.49%
7/30/2026	BMO Capital Markets Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Keith Bachman Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Market Perform	$170.00 ➝ $185.00	+20.74%
7/27/2026	Bank of America Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Tal Liani Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Reiterated Rating	Buy
7/21/2026	William Blair Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Reiterated Rating	Market Perform
7/21/2026	Truist Financial Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Junaid Siddiqui Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Set Target	Buy	$120.00 ➝ $183.00	+15.34%
7/15/2026	Mizuho Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Gregg Moskowitz Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Set Target	Underperform	$86.00 ➝ $125.00	-25.07%
7/14/2026	Zacks Research Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Upgrade	Hold ➝ Strong-Buy
7/13/2026	TD Cowen Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Shaul Eyal Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Reiterated Rating	Buy	$160.00 ➝ $215.00	+36.50%
6/29/2026	HSBC Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Stephen Bersey Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Downgrade	Hold ➝ Reduce	$102.00	-34.37%
5/7/2026	Stephens Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Todd Weller Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Set Target	Equal Weight	$94.00 ➝ $115.00	+27.85%
5/7/2026	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Brian Essex Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Underweight	$73.00 ➝ $75.00	-30.29%
5/4/2026	Compass Point Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Set Target		$100.00	+12.27%
4/27/2026	Arete Research Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Ellie Kearney Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Set Target	Neutral ➝ Buy	$104.00	+23.26%
2/17/2026	Freedom Capital Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Downgrade	Strong-Buy ➝ Hold
2/6/2026	Sanford C. Bernstein Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Reiterated Rating	Market Perform	$83.00	+5.83%
2/6/2026	Jefferies Financial Group Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Joseph Gallo Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Set Target		$90.00	+14.03%
2/6/2026	Wedbush Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Dan Ives Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Reiterated Rating	Outperform	$90.00	+14.03%
1/23/2026	Oppenheimer Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Reiterated Rating	Market Perform
11/12/2025	Daiwa Securities Group Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Downgrade	Outperform ➝ Neutral	$86.00	+2.80%
8/14/2025	Erste Group Bank Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Downgrade	Buy ➝ Hold
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8/7/2025	KeyCorp Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Eric Heath Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Downgrade	Overweight ➝ Sector Weight
4/22/2025	Roth Capital Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Taz Koujalgi Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Set Target	Neutral	$103.00	+9.14%
2/7/2025	Guggenheim Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	John DiFucci Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Reiterated Rating	Neutral
2/7/2025	Needham & Company LLC Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Matt Dezort Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Reiterated Rating	Hold
1/14/2025	Raymond James Financial Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Adam Tindle Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Reiterated Rating	Outperform ➝ Market Perform

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 10:12 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 Monday, August 24, 2026. Please send any questions or comments about these Fortinet pros and cons to contact@marketbeat.com.

Fortinet
Bull Case

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

The current stock price is around $156, reflecting strong market interest and potential for growth.
Fortinet, Inc. reported a significant increase in quarterly revenue, up 25.6% compared to the same quarter last year, indicating robust business performance.
The company has a high return on equity of 191.54%, suggesting effective management and strong profitability relative to shareholder equity.
With a market capitalization of approximately $112.63 billion, Fortinet, Inc. is positioned as a major player in the cybersecurity industry, which is experiencing increasing demand.
The firm has consistently exceeded earnings expectations, with a recent EPS of $0.90 compared to the consensus estimate of $0.75, showcasing its strong financial health.

Fortinet
Bear Case

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

The price-to-earnings ratio is relatively high at 54.05, which may indicate that the stock is overvalued compared to its earnings.
Despite strong revenue growth, the PEG ratio of 2.91 suggests that the stock may not be a bargain when considering its growth rate.
The company has a debt-to-equity ratio of 0.32, which, while manageable, indicates some reliance on debt financing that could pose risks in a rising interest rate environment.
Market volatility is reflected in the beta of 1.07, suggesting that the stock may be more volatile than the overall market, which could lead to higher risk for investors.
Fortinet, Inc. operates in a highly competitive cybersecurity market, which could impact its market share and profitability in the long term.

FTNT Forecast - Frequently Asked Questions

According to the research reports of 36 Wall Street equities research analysts, the average twelve-month stock price forecast for Fortinet is $150.91, with a high forecast of $215.00 and a low forecast of $75.00.

36 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Fortinet in the last year. There are currently 5 sell ratings, 20 hold ratings, 9 buy ratings and 2 strong buy ratings for the stock. The consensus among Wall Street equities research 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 downside of -9.09% based on their 12-month stock forecasts.

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

Fortinet has been rated by research analysts at Bank of America, Barclays, BMO Capital Markets, BTIG Research, Cantor Fitzgerald, Citigroup, Deutsche Bank Aktiengesellschaft, DZ Bank, Evercore, HC Wainwright, HSBC, Mizuho, Morgan Stanley, Piper Sandler, Robert W. Baird, Rosenblatt Securities, Royal Bank Of Canada, Scotiabank, Stifel Nicolaus, Susquehanna, TD Cowen, The Goldman Sachs Group, Truist Financial, UBS Group, Weiss Ratings, Wells Fargo & Company, William Blair, Wolfe Research, and Zacks Research in the past 90 days.

Analysts like Fortinet less than other "technology" companies. The consensus rating score for Fortinet is 2.22 while the average consensus rating score for "technology" companies is 2.23. Learn more on how FTNT compares to other companies.

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MarketBeat monitors more than a dozen sources for Fortinet analyst ratings, with the most recent rating issued on 8/24/2026.

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Fortinet (FTNT) Stock Forecast & Price Target

Fortinet - Analysts' Recommendations and Stock Price Forecast (2026)

Consensus Rating

Consensus Price Target

FTNT Analyst Ratings Over Time

FTNT Analyst Recommendations By Month

FTNT Price Targets by Month

Fortinet Stock vs. The Competition

Recent Analyst Forecasts and Stock Ratings

Should I Buy Fortinet Stock? FTNT Pros and Cons Explained

Fortinet
Bull Case

Fortinet
Bear Case

FTNT Forecast - Frequently Asked Questions

Stock Forecasts and Research Tools

Today's Analyst Ratings

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Brokerages With Fortinet Recommendations

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Fortinet (FTNT) Stock Forecast & Price Target

Fortinet - Analysts' Recommendations and Stock Price Forecast (2026)

Consensus Rating

Consensus Price Target

FTNT Analyst Ratings Over Time

FTNT Analyst Recommendations By Month

FTNT Price Targets by Month

Fortinet Stock vs. The Competition

Recent Analyst Forecasts and Stock Ratings

Should I Buy Fortinet Stock? FTNT Pros and Cons Explained

Fortinet Bull Case

Fortinet Bear Case

FTNT Forecast - Frequently Asked Questions

What is Fortinet's forecast for 2026?

Should I buy or sell Fortinet stock right now?

Does Fortinet's stock price have much downside?

Has Fortinet been upgraded or downgraded by Wall Street analysts recently?

What analysts cover Fortinet?

Do Wall Street analysts like Fortinet more than its competitors?

Stock Forecasts and Research Tools

Today's Analyst Ratings

Top-Rated Stocks

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Brokerages With Fortinet Recommendations

MarketBeat All Access Features

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools

Fortinet
Bull Case

Fortinet
Bear Case