Fortinet (FTNT) Stock Forecast & Price Target

$173.58 -5.10 (-2.85%)

As of 10:54 AM Eastern

Compare

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

Consensus Rating

Hold

Based on 36 Analyst Ratings

Sell
5

Hold
19

Buy
12

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, 19 have given a hold rating, 10 have given a buy rating, and 2 have given a strong buy rating for FTNT.

Consensus Price Target

$152.79
-11.98% Downside

According to the 36 analysts' twelve-month price targets for Fortinet, the average price target is $152.79. 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 -11.98% from the current price of $173.58.

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.

Get the Latest News and Ratings for FTNT and Related Stocks

Enter your email address to receive the latest news and analysts' ratings for Fortinet and its competitors.

SMS is currently available in Australia, Belgium, Canada, France, Germany, Ireland, Italy, New Zealand, the Netherlands, Singapore, South Africa, Spain, Switzerland, the United Kingdom, and the United States. By entering your phone number and clicking the sign-up button, you agree to receive periodic text messages from MarketBeat at the phone number you submitted, including texts that may be sent using an automatic telephone dialing system. Message and data rates may apply. Message frequency will vary. Messages will consist of stock alerts, news stories, and partner advertisements/offers. Consent is not a condition of the purchase of any goods or services. Text HELP for help/customer support. Unsubscribe at any time by replying "STOP" to any text message that you receive from MarketBeat or by visiting our mailing preferences page. Read our full terms of service and privacy policy.

FTNT Analyst Ratings Over Time

Type	Current Forecast 9/25/25 to 9/25/26	1 Month Ago 8/26/25 to 8/26/26	3 Months Ago 6/27/25 to 6/27/26	1 Year Ago 9/25/24 to 9/25/25
Strong Buy	2 Strong Buy rating(s)	2 Strong Buy rating(s)	1 Strong Buy rating(s)	1 Strong Buy rating(s)
Buy	10 Buy rating(s)	9 Buy rating(s)	6 Buy rating(s)	8 Buy rating(s)
Hold	19 Hold rating(s)	20 Hold rating(s)	25 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	$152.79	$150.91	$107.77	$97.03
Forecasted Upside	-11.98% Downside	-4.21% Downside	-28.80% Downside	16.61% 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	2.25	2.23	2.53
Consensus Rating	Hold	Hold	Moderate Buy
Predicted Upside	-14.49% Downside	357.40% Upside	19.68% 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
9/17/2026	Sanford C. Bernstein 3 of 5 stars	Peter Weed 4 of 5 stars	Reiterated Rating	Market Perform	$102.00 ➝ $145.00	-15.58%
9/16/2026	TD Cowen 3 of 5 stars	Shaul Eyal 2 of 5 stars	Reiterated Rating	Buy
9/4/2026	Weiss Ratings 5 of 5 stars		Upgrade	Hold (C+) ➝ Buy (B-)
8/24/2026	Cantor Fitzgerald Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Jonathan Ruykhaver Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Reiterated Rating	Neutral
7/31/2026	Susquehanna Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Shyam Patil Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	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%
Get the Latest News and Ratings for FTNT and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Fortinet and its competitors with MarketBeat's FREE daily newsletter.
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%
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
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	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	Daniel 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
Ready to give options a try? Your first trade (Ticker included) -INSIDE (Ad) Tired of trying tactic after tactic when it comes to options trades... only to be met with market noise and stinging losses? Dave Aquino is giving away the exact 11-hour options strategy he uses in volatile markets. You get the plain English blueprint behind the strategy and the very same "rinse and repeat" ticker he's traded nearly 900 times with a 95.3% success rate. It's so simple to understand, you could trade it tomorrow. Send me my free guide
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 Friday at 10:54 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 Tuesday, September 22, 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.:

Fortinet, Inc. recently reported strong financial performance for the quarter ended July 29, 2026, with revenue of $2.05 billion, which exceeded analyst estimates of $1.89 billion and represented a 25.6% year-over-year increase. This significant revenue growth, combined with an earnings per share of $0.90 that beat the consensus estimate of $0.75, demonstrates the company's ability to drive top-line expansion and profitability, which is a key driver for stock price appreciation.
The stock is currently trading at $175.23, which is near its 52-week high of $176.10, indicating strong momentum and investor confidence. This price level reflects a substantial increase from the 52-week low of $73.55, suggesting that the market is valuing the company's recent operational improvements and growth trajectory highly, which can attract momentum-focused investors.
Fortinet, Inc. has raised its full-year 2026 earnings per share guidance to a range of $3.410 to $3.470, which is significantly above the average analyst estimate of $3.07 for the current year. This upward revision in guidance signals management's confidence in sustained growth and provides a clear path for future earnings expansion, which is a positive indicator for long-term investors.
Institutional investors have shown increased interest in the company, with several major funds adding to their positions in the second quarter of 2026. For example, BlackRock Inc. acquired a new position worth approximately $9.56 billion, and Norges Bank acquired a new position worth approximately $1.15 billion. This influx of institutional capital often signals strong fundamental confidence in the company's long-term prospects and can provide support for the stock price.
Fortinet, Inc. maintains a strong balance sheet with a debt-to-equity ratio of 0.32 and a current ratio of 1.28, indicating financial stability and the ability to meet short-term obligations. This financial health provides a cushion against economic downturns and allows the company to invest in growth opportunities, which is a positive factor for risk-averse investors.

Fortinet
Bear Case

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

The current price-to-earnings ratio of 61.70 is significantly higher than the average for the software industry, suggesting that the stock may be overvalued relative to its earnings. This high valuation leaves little room for error and could lead to a significant correction if the company fails to meet elevated growth expectations, which is a risk for value-oriented investors.
Insiders have been selling shares of the company, with COO John Whittle selling 2,835 shares on September 15, 2026, and 53,865 shares on September 14, 2026. While these sales were executed under pre-arranged trading plans, a pattern of insider selling can be interpreted as a lack of confidence in the stock's future performance or a desire to diversify personal holdings, which may concern some investors.
The consensus rating from analysts is "Hold," with an average price target of $152.79, which is below the current stock price of $175.23. This suggests that many analysts believe the stock is fairly valued or slightly overvalued at current levels, and that there is limited upside potential in the near term, which may deter investors seeking significant capital appreciation.
Fortinet, Inc. faces intense competition from other cybersecurity firms, such as Palo Alto Networks, which is aggressively expanding its SASE (Secure Access Service Edge) offerings. This competitive pressure could erode Fortinet's market share and pricing power, particularly as companies seek to consolidate their security stacks, which poses a risk to the company's long-term growth prospects.
The company's high beta of 1.06 indicates that its stock is slightly more volatile than the overall market. This increased volatility means that the stock could experience larger price swings in response to market movements, which may be undesirable for investors with a lower risk tolerance or those seeking stable, predictable returns.

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 $152.79, with a high forecast of $215.00 and a low forecast of $75.00.

36 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Fortinet in the last year. There are currently 5 sell ratings, 19 hold ratings, 10 buy ratings and 2 strong buy ratings for the stock. The consensus among Wall Street 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 -11.98% based on their 12-month stock forecasts.

Over the previous 90 days, Fortinet's stock had 4 upgrades and 3 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, Sanford C. Bernstein, 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 more than other "technology" companies. The consensus rating score for Fortinet is 2.25 while the average consensus rating score for "technology" companies is 2.23. Learn more on how FTNT compares to other companies.

Stock Forecasts and Research Tools

Related Companies

Today's Analyst Ratings

Top-Rated Stocks

More Ratings Tools

Brokerages With Fortinet Recommendations

MarketBeat monitors more than a dozen sources for Fortinet analyst ratings, with the most recent rating issued on 9/17/2026.

From Our Partners

Unlock superior investment research and tools.

Get MarketBeat All Access

In-depth profiles and analysis for 20,000 public companies.
Real-time analyst ratings, insider transactions, earnings data, and more.
Our daily ratings and market update email newsletter.

Sign In
Create Account

Your Email Address:

Your Password:

Forgot your password?

Your Email Address:

Choose a Password:

By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

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

Top-Rated Stocks

More Ratings Tools

Brokerages With Fortinet Recommendations

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools

About MarketBeat

MarketBeat Products

Popular Tools

Financial Calendars

Terms & Info

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

More Ratings Tools

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