Fortinet (FTNT) Stock Forecast & Price Target

$78.77 -0.52 (-0.66%)

Closing price 08/29/2025 04:00 PM Eastern

Extended Trading

$78.86 +0.09 (+0.11%)

As of 08/29/2025 07:57 PM Eastern

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

Consensus Rating

Hold

Based on 37 Analyst Ratings

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

$97.40
23.65% Upside

According to the 37 analysts' twelve-month price targets for Fortinet, the average price target is $97.40. The highest price target for FTNT is $135.00, while the lowest price target for FTNT is $75.00. The average price target represents a forecasted upside of 23.65% from the current price of $78.77.

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 8/30/24 to 8/30/25	1 Month Ago 7/31/24 to 7/31/25	3 Months Ago 6/1/24 to 6/1/25	1 Year Ago 8/31/23 to 8/30/24
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)	11 Buy rating(s)	11 Buy rating(s)	9 Buy rating(s)
Hold	25 Hold rating(s)	20 Hold rating(s)	20 Hold rating(s)	23 Hold rating(s)
Sell	2 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$97.40	$107.00	$104.80	$71.31
Forecasted Upside	23.65% Upside	7.11% Upside	2.72% Upside	-7.04% Downside
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	Computer and Technology Companies	S&P 500
Consensus Rating Score	2.27	2.66	2.53
Consensus Rating	Hold	Moderate Buy	Moderate Buy
Predicted Upside	23.65% Upside	63.92% Upside	10.22% 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 to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
8/18/2025	Citigroup 2 of 5 stars	Fatima Boolani Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Neutral ➝ Neutral	$110.00 ➝ $85.00	+7.45%
8/14/2025	Erste Group Bank 3 of 5 stars		Downgrade	Buy ➝ Hold
8/8/2025	Evercore ISI 3 of 5 stars	Amit Daryanani Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	In-Line ➝ In-Line	$105.00 ➝ $78.00	+3.59%
8/8/2025	DZ Bank Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Hold ➝ Buy	$85.00	+12.88%
8/7/2025	Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Hold
8/7/2025	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating	Keith Weiss Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Overweight ➝ Reduce	$110.00 ➝ $78.00	-19.24%
8/7/2025	KeyCorp Subscribe to MarketBeat All Access for the recommendation accuracy rating	Eric Heath Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Overweight ➝ Sector Weight
8/7/2025	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating	Brian Essex Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Neutral ➝ Neutral	$105.00 ➝ $87.00	+15.54%
8/7/2025	Scotiabank Subscribe to MarketBeat All Access for the recommendation accuracy rating	Patrick Colville Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Sector Outperform ➝ Sector Outperform	$115.00 ➝ $85.00	+14.12%
8/7/2025	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Roger Boyd Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Neutral ➝ Neutral	$105.00 ➝ $90.00	+24.92%
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8/7/2025	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating	Adam Borg Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Hold ➝ Hold	$95.00 ➝ $85.00	+17.95%
8/7/2025	Royal Bank Of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating	Dan Bergstrom Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Sector Perform ➝ Sector Perform	$110.00 ➝ $95.00	+31.10%
8/7/2025	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating	Andrew Nowinski Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Equal Weight ➝ Equal Weight	$110.00 ➝ $85.00	+17.14%
8/7/2025	Truist Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating	Joel Fishbein Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Buy ➝ Buy	$125.00 ➝ $95.00	+33.34%
8/7/2025	Wedbush Subscribe to MarketBeat All Access for the recommendation accuracy rating	Daniel Ives Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Outperform ➝ Outperform	$120.00 ➝ $100.00	+3.54%
8/7/2025	Mizuho Subscribe to MarketBeat All Access for the recommendation accuracy rating	Gregg Moskowitz Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Underperform ➝ Underperform	$87.00 ➝ $75.00	-22.34%
8/7/2025	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating	Saket Kalia Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Equal Weight ➝ Equal Weight	$110.00 ➝ $90.00	-6.81%
8/7/2025	Rosenblatt Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating	Catharine Trebnick Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Buy ➝ Neutral	$125.00 ➝ $85.00	-11.99%
8/7/2025	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Hold	$105.00	+8.72%
8/7/2025	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating	Keith Bachman Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Market Perform ➝ Market Perform	$110.00 ➝ $90.00	-6.81%
7/16/2025	Cantor Fitzgerald Subscribe to MarketBeat All Access for the recommendation accuracy rating	Jonathan Ruykhaver Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Neutral ➝ Neutral	$100.00 ➝ $110.00	+4.83%
5/12/2025	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating	J. Tilton Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Peer Perform
5/6/2025	Robert W. Baird Subscribe to MarketBeat All Access for the recommendation accuracy rating	Shrenik Kothari Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Neutral ➝ Neutral	$110.00 ➝ $113.00	+3.97%
4/22/2025	Roth Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating	Taz Koujalgi Subscribe to MarketBeat All Access for the recommendation accuracy rating	Set Target	Neutral	$103.00	+9.14%
4/1/2025	Stephens Subscribe to MarketBeat All Access for the recommendation accuracy rating	Todd Weller Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Equal Weight	$108.00	+12.85%
3/31/2025	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Joseph Gallo Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Hold ➝ Hold	$115.00 ➝ $105.00	+11.74%
2/10/2025	Susquehanna Subscribe to MarketBeat All Access for the recommendation accuracy rating	Shyam Patil Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Neutral ➝ Neutral	$90.00 ➝ $110.00	-0.55%
2/7/2025	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Gabriela Borges Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy ➝ Buy	$114.00 ➝ $130.00	+19.54%
2/7/2025	Guggenheim Subscribe to MarketBeat All Access for the recommendation accuracy rating	John Difucci Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Neutral ➝ Neutral
2/7/2025	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating	R. Owens Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Overweight ➝ Overweight	$120.00 ➝ $135.00	+25.82%
2/7/2025	Needham & Company LLC Subscribe to MarketBeat All Access for the recommendation accuracy rating	M. Dezort Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Hold ➝ Hold
2/3/2025	Baird R W Subscribe to MarketBeat All Access for the recommendation accuracy rating	S. Kothari Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Strong-Buy ➝ Hold
1/14/2025	Raymond James Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating	Adam Tindle Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Outperform ➝ Market Perform
11/19/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$87.00 ➝ $104.00	+14.19%
11/19/2024	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Hold ➝ Hold	$77.00 ➝ $90.00	-2.05%
11/11/2024	Hsbc Global Res Subscribe to MarketBeat All Access for the recommendation accuracy rating	S. Bersey Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold ➝ Strong-Buy
11/11/2024	HSBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Hold ➝ Buy	$83.00 ➝ $111.00	+17.42%
2/13/2024	Daiwa Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Neutral ➝ Outperform	$75.00	+6.75%
1/18/2024	Sanford C. Bernstein Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Market Perform	$65.00	+7.23%
1/17/2024	Capital One Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Overweight ➝ Equal Weight
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11/3/2023	William Blair Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Outperform ➝ Market Perform
11/3/2023	Oppenheimer Subscribe to MarketBeat All Access for the 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 01:26 PM 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 Friday, August 29, 2025. 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 company has demonstrated strong financial performance, with a recent earnings per share (EPS) of $0.64, exceeding analyst expectations, indicating robust profitability.
Fortinet, Inc. has a high return on equity of 111.46%, suggesting effective management and a strong ability to generate profits from shareholders' equity.
The current stock price is around $78.77, which is significantly lower than its 52-week high of $114.82, potentially offering a buying opportunity for investors looking for value.
With a market capitalization of approximately $60.36 billion, Fortinet, Inc. is well-positioned in the cybersecurity sector, which is experiencing increasing demand for its solutions.
The company reported a revenue increase of 13.6% compared to the same quarter last year, reflecting strong growth momentum in its business operations.

Fortinet
Bear Case

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

The stock has experienced a decline of about 0.7% recently, which may indicate short-term volatility and investor uncertainty.
Fortinet, Inc. has a relatively high price-to-earnings (P/E) ratio of 31.38, suggesting that the stock may be overvalued compared to its earnings, which could deter value-focused investors.
The company's beta of 1.07 indicates that its stock price is slightly more volatile than the market, which could pose risks for conservative investors.
Insider trading activity shows a significant sale by a vice president, which could raise concerns about the company's future prospects from an insider's perspective.
Despite strong revenue growth, the P/E/G ratio of 2.96 suggests that the stock's growth may not justify its current price, potentially leading to a correction.

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 $97.40, with a high forecast of $135.00 and a low forecast of $75.00.
: 37 Wall Street equities research 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 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 upside of 23.65% based on their 12-month stock forecasts.
: Over the previous 90 days, Fortinet's stock had 4 downgrades and 1 upgrade by analysts.
: Fortinet has been rated by research analysts at Barclays, BMO Capital Markets, Cantor Fitzgerald, Citigroup, Cowen, DZ Bank, Erste Group Bank, Evercore ISI, JPMorgan Chase & Co., KeyCorp, Mizuho, Morgan Stanley, Rosenblatt Securities, Royal Bank Of Canada, Scotiabank, Stifel Nicolaus, TD Cowen, Truist Financial, UBS Group, Wedbush, and Wells Fargo & Company in the past 90 days.
: 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.

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This page (NASDAQ:FTNT) was last updated on 8/30/2025 by MarketBeat.com Staff

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Fortinet (FTNT) Stock Forecast & Price Target

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

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

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Fortinet (FTNT) Stock Forecast & Price Target

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

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

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