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Fortinet Price Target, Predictions & Analyst Ratings

+0.50 (+0.43 %)
(As of 09/28/2020 12:00 AM ET)
Today's Range
Now: $117.31
50-Day Range
MA: $123.71
52-Week Range
Now: $117.31
Volume925,599 shs
Average Volume1.75 million shs
Market Capitalization$18.98 billion
P/E Ratio48.88
Dividend YieldN/A

Analyst Ratings

Fortinet (NASDAQ:FTNT) Price Target and Consensus Rating

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 (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = 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.
27 Wall Street analysts have issued ratings and price targets for Fortinet in the last 12 months. Their average twelve-month price target is $130.24, predicting that the stock has a possible upside of 11.02%. The high price target for FTNT is $170.00 and the low price target for FTNT is $102.00. There are currently 1 sell rating, 15 hold ratings and 11 buy ratings for the stock, resulting in a consensus rating of "Hold."
Today30 Days Ago90 Days Ago180 Days Ago
FTNT Consensus Rating: HoldHoldHoldHold
FTNT Consensus Rating Score: 2.372.372.422.41
FTNT Analyst Ratings: 1 Sell Rating(s)
15 Hold Rating(s)
11 Buy Rating(s)
0 Strong Buy Rating(s)
1 Sell Rating(s)
15 Hold Rating(s)
11 Buy Rating(s)
0 Strong Buy Rating(s)
1 Sell Rating(s)
13 Hold Rating(s)
12 Buy Rating(s)
0 Strong Buy Rating(s)
1 Sell Rating(s)
14 Hold Rating(s)
12 Buy Rating(s)
0 Strong Buy Rating(s)
FTNT Consensus Price Target: $130.24$130.24$123.92$113.00
FTNT Price Target Upside: 11.02% upside5.38% downside7.90% downside13.64% upside

Fortinet (NASDAQ:FTNT) Consensus Price Target History

Average Share Price and Price Target 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 (NASDAQ:FTNT) Analyst Ratings History

DateBrokerageActionRatingPrice TargetImpact on Share PriceDetails
9/21/2020OppenheimerReiterated RatingBuy$160.00High
8/26/2020UBS GroupBoost Price Target$134.00 ➝ $140.00Low
8/20/2020Deutsche BankInitiated CoverageHold$131.00High
8/10/2020CitigroupBoost Price TargetSell$92.00 ➝ $102.00Medium
8/7/2020Credit Suisse GroupBoost Price TargetNeutral$110.00 ➝ $130.00High
7/15/2020OTR GlobalDowngradePositiveLow
7/15/2020Goldman Sachs GroupDowngradeBuy ➝ Neutral$129.00 ➝ $140.00Medium
7/14/2020Morgan StanleyBoost Price TargetEqual Weight$116.00 ➝ $124.00Medium
7/7/2020JPMorgan Chase & Co.DowngradeOverweight ➝ Neutral$135.00Low
6/24/2020Monness Crespi & HardtBoost Price TargetBuy$140.00 ➝ $155.00High
6/16/2020Piper SandlerBoost Price TargetOverweight$125.00 ➝ $146.00Low
6/3/2020WedbushBoost Price TargetPositive ➝ Outperform$150.00 ➝ $170.00Medium
5/13/2020MizuhoReiterated RatingHold$123.00Low
5/7/2020Robert W. BairdBoost Price TargetNeutral$105.00 ➝ $120.00Medium
5/7/2020Bank of AmericaReiterated RatingBuy$120.00 ➝ $140.00Medium
5/7/2020DA DavidsonBoost Price TargetNeutral$90.00 ➝ $110.00Medium
5/7/2020BarclaysBoost Price TargetEqual Weight$122.00 ➝ $132.00High
5/7/2020Raymond JamesBoost Price TargetOutperform$115.00 ➝ $133.00High
5/4/2020Evercore ISIInitiated CoverageOutperform$128.00Medium
4/21/2020CowenLower Price TargetMarket Perform$115.00 ➝ $105.00High
3/27/2020BTIG ResearchInitiated CoverageNeutralLow
2/12/2020CfraBoost Price TargetHold$95.00 ➝ $125.00Low
2/3/2020Northland SecuritiesBoost Price TargetOutperform$100.00 ➝ $135.00Low
2/3/2020BMO Capital MarketsBoost Price TargetMarket Perform$115.00 ➝ $132.00Low
11/19/2019Royal Bank of CanadaReiterated RatingSector Perform ➝ Neutral$100.00 ➝ $109.00Low
11/18/2019FBN SecuritiesReiterated RatingOutperformMedium
11/8/2019Piper Jaffray CompaniesInitiated CoverageOverweight$116.00Low
4/16/2019Stifel NicolausBoost Price TargetHold ➝ Hold$85.00 ➝ $95.00Medium
2/8/2019First AnalysisUpgradeNeutral ➝ Outperform$80.00 ➝ $92.00Medium
2/7/2019GabelliDowngradeBuy ➝ HoldHigh
12/10/2018GuggenheimInitiated CoverageNeutral$72.00Low
11/5/2018Dougherty & CoUpgradeNeutral ➝ Buy$85.00Medium
8/2/2018Susquehanna BancsharesBoost Price TargetNeutral ➝ Neutral$61.00 ➝ $68.00High
7/19/2018Cleveland ResearchUpgradeNeutral ➝ BuyLow
3/22/2018KeyCorpReiterated RatingEqual WeightLow
1/26/2018JMP SecuritiesBoost Price TargetMarket Outperform ➝ Market Outperform$41.00 ➝ $54.00Low
(Data available from 9/29/2017 forward. View 10+ years of historical ratings with our analyst ratings screener.)
This page was last updated on 9/29/2020 by MarketBeat.com Staff

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