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Fortinet Price Target & Analyst Ratings (NASDAQ:FTNT)

$101.54
+1.42 (+1.42 %)
(As of 11/18/2019 08:58 AM ET)
Today's Range
$99.82
Now: $101.54
$101.64
50-Day Range
$75.43
MA: $82.99
$101.41
52-Week Range
$64.41
Now: $101.54
$101.64
Volume1.32 million shs
Average Volume1.66 million shs
Market Capitalization$17.37 billion
P/E Ratio89.86
Dividend YieldN/A
Beta1.08

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.
24 Wall Street analysts have issued ratings and price targets for Fortinet in the last 12 months. Their average twelve-month price target is $97.65, suggesting that the stock has a possible downside of 3.83%. The high price target for FTNT is $116.00 and the low price target for FTNT is $72.00. There are currently 1 sell rating, 12 hold ratings and 11 buy ratings for the stock, resulting in a consensus rating of "Hold."
Today30 Days Ago90 Days Ago180 Days Ago
Consensus Rating: HoldHoldHoldHold
Consensus Rating Score: 2.422.262.282.25
Ratings Breakdown: 1 Sell Rating(s)
12 Hold Rating(s)
11 Buy Rating(s)
0 Strong Buy Rating(s)
3 Sell Rating(s)
11 Hold Rating(s)
9 Buy Rating(s)
0 Strong Buy Rating(s)
3 Sell Rating(s)
12 Hold Rating(s)
10 Buy Rating(s)
0 Strong Buy Rating(s)
3 Sell Rating(s)
15 Hold Rating(s)
10 Buy Rating(s)
0 Strong Buy Rating(s)
Consensus Price Target: $97.65$86.53$87.68$84.73
Price Target Upside: 3.83% downside10.77% upside1.90% upside0.33% downside

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

Show:
DateBrokerageActionRatingPrice TargetImpact on Share PriceDetails
11/15/2019Credit Suisse GroupUpgradeUnderperform ➝ Neutral$79.00 ➝ $95.00Low
11/12/2019Goldman Sachs GroupInitiated CoverageBuy$113.00Medium
11/8/2019Piper Jaffray CompaniesInitiated CoverageOverweight$116.00Low
11/4/2019Evercore ISISet Price TargetHold$90.00Medium
11/1/2019FBN SecuritiesSet Price TargetBuy$115.00N/A
11/1/2019BarclaysSet Price TargetHold$105.00N/A
11/1/2019JPMorgan Chase & Co.Set Price TargetBuy$108.00 ➝ $111.00Medium
11/1/2019CitigroupBoost Price TargetSell$80.00 ➝ $82.00Medium
11/1/2019Deutsche BankSet Price TargetHold$87.00 ➝ $97.00Medium
11/1/2019Morgan StanleySet Price TargetHold$79.00 ➝ $82.00Medium
11/1/2019Monness Crespi & HardtBoost Price TargetBuy$102.00 ➝ $110.00High
11/1/2019BMO Capital MarketsBoost Price TargetMarket Perform$100.00 ➝ $104.00High
11/1/2019MizuhoBoost Price TargetNeutral$86.00 ➝ $92.00High
9/15/2019Robert W. BairdSet Price TargetHold$100.00Medium
8/2/2019Bank of AmericaUpgradeNeutral ➝ BuyHigh
5/23/2019CowenInitiated CoverageMarket Perform ➝ Market Perform$85.00High
5/3/2019Northland SecuritiesReiterated RatingBuy$100.00High
4/16/2019Stifel NicolausBoost Price TargetHold ➝ Hold$85.00 ➝ $95.00Medium
4/15/2019OTR GlobalUpgradePositiveLow
2/8/2019First AnalysisUpgradeNeutral ➝ Outperform$80.00 ➝ $92.00Medium
2/7/2019OppenheimerBoost Price TargetOutperform$88.00 ➝ $97.00High
2/7/2019GabelliDowngradeBuy ➝ HoldHigh
12/10/2018GuggenheimInitiated CoverageNeutral$72.00Low
11/26/2018Raymond JamesUpgradeMarket Perform ➝ OutperformHigh
11/5/2018Dougherty & CoUpgradeNeutral ➝ Buy$85.00Medium
11/2/2018Royal Bank of CanadaBoost Price TargetSector Perform$76.00High
10/18/2018WedbushInitiated CoverageOutperform ➝ Outperform$100.00Low
9/18/2018UBS GroupDowngradeBuy ➝ Neutral$80.00 ➝ $90.00Medium
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 11/18/2017 forward)
This page was last updated on 11/18/2019 by MarketBeat.com Staff

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