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T   18.04 (+0.17%)
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DIS   117.69 (+4.68%)
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NASDAQ:FTNT

Fortinet - FTNT Price Target & Analyst Ratings

$52.52
-1.37 (-2.54%)
(As of 08/11/2022 12:00 AM ET)
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Compare
Today's Range
$52.41
$54.87
50-Day Range
$52.19
$278.44
52-Week Range
$48.73
$74.35
Volume
5.49 million shs
Average Volume
6.77 million shs
Market Capitalization
$41.41 billion
P/E Ratio
64.84
Dividend Yield
N/A
Price Target
$72.16

Fortinet Consensus Rating and Price Target (2022)

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.

Consensus Analyst Rating

Moderate Buy
Based on 20 Analyst Ratings

Consensus Analyst Price Target

$72.16
37.40% Upside
High Prediction$85.00
Average Prediction$72.16
Low Prediction$63.00
TypeCurrent
8/11/21 to 8/11/22
1 Month Ago
7/12/21 to 7/12/22
3 Months Ago
5/13/21 to 5/13/22
1 Year Ago
8/11/20 to 8/11/21
Consensus Rating
Moderate Buy
Moderate Buy
Moderate Buy
Hold
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
15 Buy rating(s)
15 Buy rating(s)
14 Buy rating(s)
10 Buy rating(s)
Hold
5 Hold rating(s)
5 Hold rating(s)
8 Hold rating(s)
9 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
3 Sell rating(s)
Consensus Price Target$72.16$72.96$71.31$45.90
Predicted Upside37.40% Upside18.98% Upside15.67% Upside3.86% Upside
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FTNT Analyst Ratings 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.
Skip Chart & View Analyst Rating History

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
2.75
2.59
2.50
Consensus RatingModerate BuyBuyHold
Predicted Upside35.56% Upside206.27% Upside15.09% Upside
News Sentiment RatingNeutral News
Neutral News
Neutral News
MarketBeat
Community Rating
Outperform Votes
1196
70.02%
Underperform Votes
512
29.98%
Avg. Outperform Votes
222
67.27%
Avg. Underperform Votes
108
32.73%
Avg. Outperform Votes
840
68.74%
Avg. Underperform Votes
382
31.26%

Historical Target Prices and Ratings

DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
8/9/2022Evercore ISI
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 Lower Target$75.00+44.04%
8/4/2022BMO Capital Markets
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 Lower TargetOutperform$70.00 ➝ $68.00+28.79%
8/4/2022Barclays
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Saket Kalia
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Lower TargetOverweight$80.00 ➝ $77.00+45.45%
8/4/2022UBS Group
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 Lower TargetNeutral$68.00 ➝ $65.00+24.24%
8/4/2022Deutsche Bank Aktiengesellschaft
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 Boost Target$60.00 ➝ $63.00+0.19%
7/22/2022Citigroup
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 Lower TargetBuy$81.00 ➝ $78.00+26.09%
7/18/2022Wells Fargo & Company
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 Lower TargetOverweight$80.00 ➝ $70.00+16.24%
6/28/2022Oppenheimer
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 Lower TargetOutperform$80.00+35.94%
6/27/2022Morgan Stanley
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 Lower TargetEqual Weight$66.00+11.62%
5/11/2022KeyCorp
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 Lower Target$82.00 ➝ $70.60+34.84%
5/5/2022Wedbush
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 Lower Target$74.00 ➝ $68.00+18.31%
5/5/2022Mizuho
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 UpgradeNeutral ➝ Buy$68.00 ➝ $70.00+21.79%
4/12/2022The Goldman Sachs Group
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 Boost Target$72.40 ➝ $78.00+18.88%
3/25/2022Bank of America
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 DowngradeBuy ➝ Neutral$77.00 ➝ $71.00+5.75%
2/4/2022Raymond James
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 Lower TargetOutperform$76.00 ➝ $70.00+17.85%
11/5/2021William Blair
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J. Ho
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Reiterated RatingOutperform
11/5/2021BTIG Research
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 Boost TargetBuy$69.00 ➝ $78.20+15.52%
11/5/2021Cowen
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 Boost TargetOutperform$77.00 ➝ $85.00+25.03%
11/5/2021Royal Bank of Canada
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 Boost TargetSector Perform$49.60 ➝ $69.40+2.54%
9/21/2021Colliers Securities
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Catharine Trebnick
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Reiterated RatingBuy$70.00+16.83%
9/21/2021Stifel Nicolaus
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 Initiated CoverageBuy$71.00+19.50%
7/9/2021Piper Sandler
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 Boost TargetNeutral$41.00 ➝ $53.00+4.77%
6/29/2021Monness Crespi & Hardt
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 DowngradeBuy ➝ Neutral
4/30/2021DA Davidson
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A. Nowinski
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Boost TargetBuy$40.00 ➝ $46.00+17.67%
2/5/2021Pritchard Capital
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 Lower TargetSell$22.00 ➝ $20.80-33.75%
1/14/2021OTR Global
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 UpgradePositive
12/9/2020Edward Jones
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 Initiated CoverageBuy
12/9/2020JPMorgan Chase & Co.
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 DowngradeNeutral ➝ Underweight$28.00+6.33%
10/30/2020Credit Suisse Group
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 Boost TargetNeutral$26.00 ➝ $27.00+14.41%
5/7/2020Robert W. Baird
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 Boost TargetNeutral$21.00 ➝ $24.00-10.34%
2/12/2020Cfra
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 Boost TargetHold$19.00 ➝ $25.00+6.55%
2/3/2020Northland Securities
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 Boost TargetOutperform$20.00 ➝ $27.00+17.02%
11/18/2019FBN Securities
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Shebly Seyrafi
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Reiterated RatingOutperform
11/8/2019Piper Jaffray Companies
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 Initiated CoverageOverweight$23.20+21.11%
(Data available from 8/11/2017 forward. View 10+ years of historical ratings with our analyst ratings screener.)












FTNT Price Target - Frequently Asked Questions

What is Fortinet's consensus rating and price target?

According to the issued ratings of 20 analysts in the last year, the consensus rating for Fortinet stock is Moderate Buy based on the current 5 hold ratings and 15 buy ratings for FTNT. The average twelve-month price prediction for Fortinet is $72.16 with a high price target of $85.00 and a low price target of $63.00. Learn more on FTNT's analyst rating history.

Do Wall Street analysts like Fortinet more than its competitors?

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

Do MarketBeat users like Fortinet more than its competitors?

MarketBeat users like Fortinet more than other Computer and Technology companies. 70.02% of MarketBeat users gave Fortinet an outperform vote while computer and technology companies recieve an average of 67.17% outperform votes by MarketBeat users.

Is Fortinet being upgraded by Wall Street analysts?

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

Does Fortinet's stock price have much upside?

According to analysts, Fortinet's stock has a predicted upside of 19.09% based on their 12-month price targets.

What analysts cover Fortinet?

Stock Ratings Reports and Tools

This page (NASDAQ:FTNT) was last updated on 8/11/2022 by MarketBeat.com Staff

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