• Consensus Rating: Hold
  • Consensus Price Target: $72.35
  • Forecasted Upside: 11.28%
  • Number of Analysts: 33
  • Breakdown:
  • 2 Sell Ratings
  • 20 Hold Ratings
  • 11 Buy Ratings
  • 0 Strong Buy Ratings
$65.02
▲ +0.29 (0.45%)

This chart shows the closing price for FTNT by one month, three months, or twelve months.

Skip Closing Price Chart
1 month | 3 months | 12 months
Get New Fortinet Analyst Ratings Delivered To Your Inbox
Sign-up to receive the latest news and ratings for FTNT and its competitors with Analyst Ratings Network’s free daily newsletter.

Analyst Price Target for FTNT

Analyst Price Target is $72.35
▲ +11.28% Upside Potential
This price target is based on 33 analysts offering 12 month price targets for Fortinet in the last 3 months. The average price target is $72.35, with a high forecast of $90.00 and a low forecast of $51.00. The average price target represents a 11.28% upside from the last price of $65.02.

This chart shows the closing price for FTNT for the last year in relation to the current analyst high, average, and low pricetarget.

Read Analyst Price Chart DescriptionSkip Analyst Price Chart




Current Consensus is Hold

The current consensus among 33 contributing investment analysts is to hold stock in Fortinet. This Hold consensus rating has held steady for over two years.

Past Monthly Recommendations

Move your mouse over past months for details

Read Past Recommendations DescriptionSkip Past Price Target Consensus Chart
  • 0 strong buy ratings
  • 11 buy ratings
  • 20 hold ratings
  • 2 sell ratings
10/24/2022
  • 0 strong buy ratings
  • 11 buy ratings
  • 20 hold ratings
  • 2 sell ratings
1/22/2023
  • 0 strong buy ratings
  • 11 buy ratings
  • 20 hold ratings
  • 2 sell ratings
4/22/2023
  • 0 strong buy ratings
  • 11 buy ratings
  • 20 hold ratings
  • 2 sell ratings
7/21/2023
  • 0 strong buy ratings
  • 11 buy ratings
  • 20 hold ratings
  • 2 sell ratings
10/19/2023
  • 0 strong buy ratings
  • 11 buy ratings
  • 20 hold ratings
  • 2 sell ratings
1/17/2024
  • 0 strong buy ratings
  • 11 buy ratings
  • 20 hold ratings
  • 2 sell ratings
3/17/2024
  • 0 strong buy ratings
  • 11 buy ratings
  • 20 hold ratings
  • 2 sell ratings
4/16/2024

Latest Recommendations

  • 0 strong buy ratings
  • 11 buy ratings
  • 20 hold ratings
  • 2 sell ratings

Display Ratings By
DateBrokerageActionRatingPrice TargetImpact on Share PriceDetails
4/3/2024Piper SandlerReiterated RatingNeutral ➝ Neutral$75.00Low
4/3/2024SusquehannaReiterated RatingNeutral ➝ Neutral$80.00Low
4/3/2024Rosenblatt SecuritiesReiterated RatingBuy ➝ Buy$85.00Low
2/13/2024Daiwa Capital MarketsUpgradeNeutral ➝ Outperform$75.00Low
2/8/2024The Goldman Sachs GroupBoost TargetBuy ➝ Buy$60.00 ➝ $85.00Low
2/8/2024DZ BankDowngradeHold ➝ Sell$60.00Low
2/7/2024Stifel NicolausBoost TargetHold ➝ Hold$52.00 ➝ $78.00Low
2/7/2024Truist FinancialBoost TargetBuy ➝ Buy$60.00 ➝ $80.00Low
2/7/2024Morgan StanleyBoost TargetOverweight ➝ Overweight$77.00 ➝ $81.00Low
2/7/2024Cantor FitzgeraldReiterated RatingNeutral ➝ Neutral$50.00 ➝ $75.00Low
2/7/2024ScotiabankBoost TargetSector Outperform ➝ Sector Outperform$70.00 ➝ $90.00Low
2/7/2024Royal Bank of CanadaBoost TargetSector Perform ➝ Sector Perform$60.00 ➝ $71.00Low
2/7/2024Wells Fargo & CompanyBoost TargetEqual Weight ➝ Equal Weight$65.00 ➝ $70.00Low
2/7/2024SusquehannaBoost TargetNeutral ➝ Neutral$55.00 ➝ $80.00Low
2/7/2024BMO Capital MarketsBoost TargetMarket Perform ➝ Market Perform$70.00 ➝ $82.00Low
2/7/2024MizuhoBoost TargetNeutral ➝ Neutral$60.00 ➝ $70.00Low
2/7/2024WedbushBoost TargetOutperform ➝ Outperform$75.00 ➝ $86.00Low
2/7/2024Rosenblatt SecuritiesBoost TargetBuy ➝ Buy$65.00 ➝ $85.00Low
2/7/2024HSBCDowngradeHold ➝ Reduce$57.00Low
1/18/2024Sanford C. BernsteinInitiated CoverageMarket Perform$65.00Low
1/17/2024Daiwa Capital MarketsDowngradeBuy ➝ Neutral$62.00Low
1/17/2024Capital One FinancialDowngradeOverweight ➝ Equal WeightLow
1/16/2024Wells Fargo & CompanyDowngradeOverweight ➝ Equal Weight$60.00 ➝ $65.00Low
1/10/2024UBS GroupBoost TargetNeutral ➝ Neutral$55.00 ➝ $65.00Low
1/9/2024CitigroupDowngradeBuy ➝ Neutral$60.00 ➝ $62.00Low
12/15/2023SusquehannaInitiated CoverageNeutral$55.00Low
12/11/2023JPMorgan Chase & Co.Boost TargetNeutral ➝ Neutral$52.00 ➝ $56.00Low
11/21/2023Cantor FitzgeraldReiterated RatingNeutral ➝ Neutral$50.00Low
11/6/2023The Goldman Sachs GroupLower TargetBuy ➝ Buy$70.00 ➝ $60.00Low
11/6/2023HSBCReiterated RatingBuy ➝ Hold$75.00 ➝ $49.00Low
11/3/2023Rosenblatt SecuritiesLower TargetBuy ➝ Buy$75.00 ➝ $65.00Low
11/3/2023Piper SandlerLower TargetNeutral ➝ Neutral$65.00 ➝ $50.00Low
11/3/2023Royal Bank of CanadaLower TargetSector Perform ➝ Sector Perform$68.00 ➝ $55.00Low
11/3/2023Morgan StanleyLower TargetOverweight ➝ Overweight$75.00 ➝ $60.00Low
11/3/2023Stifel NicolausDowngradeBuy ➝ Hold$69.00 ➝ $52.00Low
11/3/2023William BlairDowngradeOutperform ➝ Market PerformLow
11/3/2023JPMorgan Chase & Co.Reiterated RatingOverweight ➝ Neutral$67.00 ➝ $52.00N/A
11/3/2023Cantor FitzgeraldDowngradeOverweight ➝ Neutral$75.00 ➝ $50.00N/A
11/3/2023Evercore ISIReiterated RatingOutperform ➝ In-Line$78.00 ➝ $51.00N/A
11/3/2023OppenheimerReiterated RatingOutperform ➝ Market PerformN/A
10/25/2023JPMorgan Chase & Co.Lower TargetOverweight ➝ Overweight$74.00 ➝ $67.00Low
10/25/2023Needham & Company LLCInitiated CoverageHoldLow
10/24/2023The Goldman Sachs GroupLower TargetBuy ➝ Buy$78.00 ➝ $70.00Low
10/20/2023Rosenblatt SecuritiesLower TargetBuy ➝ Buy$90.00 ➝ $75.00Low
10/19/2023Stifel NicolausLower TargetBuy ➝ Buy$72.00 ➝ $69.00Low
10/19/2023Jefferies Financial GroupDowngradeBuy ➝ Hold$85.00 ➝ $65.00Low
10/18/2023DZ BankInitiated CoverageHold$58.00Low
10/16/2023MizuhoLower TargetNeutral ➝ Neutral$68.00 ➝ $65.00Low
10/13/2023BarclaysReiterated RatingOverweight ➝ Equal Weight$71.00 ➝ $63.00Low
9/29/2023HSBCInitiated CoverageBuy$75.00Low
9/15/2023Morgan StanleyLower TargetOverweight ➝ Overweight$80.00 ➝ $75.00Low
9/14/2023Stifel NicolausReiterated RatingBuy ➝ Buy$72.00Low
9/13/2023MizuhoReiterated RatingNeutral ➝ Neutral$68.00Low
9/13/2023Rosenblatt SecuritiesReiterated RatingNeutral ➝ Neutral$90.00Low
9/13/2023Capital One FinancialInitiated CoverageOverweight$74.00Low
8/29/2023CitigroupLower TargetBuy ➝ Buy$73.00 ➝ $70.00Low
8/28/2023Rosenblatt SecuritiesReiterated RatingBuy ➝ Buy$90.00Low
8/7/2023GuggenheimUpgradeNeutral ➝ Buy$70.00Low
8/4/2023Wells Fargo & CompanyLower TargetOverweight$90.00 ➝ $85.00Low
8/4/2023BarclaysLower TargetOverweight ➝ Overweight$86.00 ➝ $71.00Low
8/4/2023WedbushLower TargetOutperform$70.00 ➝ $69.00Low
8/4/2023Morgan StanleyLower TargetOverweight ➝ Overweight$84.00 ➝ $80.00Low
8/4/2023ScotiabankLower TargetSector Outperform$90.00 ➝ $71.00Low
8/4/2023BMO Capital MarketsLower TargetMarket Perform ➝ Market Perform$88.00 ➝ $72.00Low
8/4/2023Rosenblatt SecuritiesLower TargetBuy ➝ Buy$95.00 ➝ $90.00Low
8/4/2023Raymond JamesLower TargetOutperform ➝ Outperform$75.00 ➝ $70.00Low
8/4/2023Robert W. BairdLower TargetOutperform ➝ Outperform$93.00 ➝ $84.00Low
8/4/2023MizuhoLower TargetNeutral ➝ Neutral$81.00 ➝ $68.00Low
8/4/2023TD CowenDowngradeOutperform ➝ Market Perform$90.00 ➝ $70.00Low
8/1/2023TD CowenBoost TargetOutperform ➝ Outperform$85.00 ➝ $90.00Low
7/31/2023Wells Fargo & CompanyBoost TargetOverweight ➝ Overweight$85.00 ➝ $90.00Low
7/25/2023ScotiabankBoost TargetOutperform$80.00 ➝ $90.00Low
7/25/2023The Goldman Sachs GroupBoost TargetBuy$77.00 ➝ $86.00Low
7/25/2023Rosenblatt SecuritiesBoost TargetBuy$80.00 ➝ $95.00Low
7/24/2023Robert W. BairdBoost TargetOutperform$73.00 ➝ $93.00Low
7/18/2023Cantor FitzgeraldReiterated RatingOverweight ➝ Overweight$75.00Low
7/17/2023MizuhoBoost Target$74.00 ➝ $81.00Low
7/14/2023BarclaysBoost TargetOverweight$75.00 ➝ $86.00Low
6/16/2023Bank of AmericaBoost Target$75.00 ➝ $83.00Low
5/8/2023CitigroupBoost Target$67.00 ➝ $73.00Low
5/8/2023Bank of AmericaUpgradeNeutral ➝ Buy$66.00 ➝ $75.00Low
5/5/2023Cantor FitzgeraldBoost Target$70.00 ➝ $75.00Low
5/5/2023Deutsche Bank AktiengesellschaftBoost Target$63.00 ➝ $65.00Low
5/5/2023Piper SandlerBoost Target$64.00 ➝ $65.00Low
5/1/2023Rosenblatt SecuritiesInitiated CoverageBuy$80.00Low
4/24/2023Wells Fargo & CompanyBoost Target$72.00 ➝ $80.00Low
4/21/2023Truist FinancialInitiated CoverageBuy$82.00Low
4/20/2023Jefferies Financial GroupBoost TargetBuy$70.00 ➝ $80.00Low
4/19/2023Morgan StanleyBoost TargetOverweight$70.00 ➝ $77.00Low
4/17/2023MizuhoBoost TargetBuy$68.00 ➝ $74.00Low
4/13/2023BarclaysBoost TargetOverweight$68.00 ➝ $75.00Low
4/5/2023BMO Capital MarketsBoost TargetMarket Perform$67.00 ➝ $75.00Low
2/14/2023The Goldman Sachs GroupInitiated CoverageBuy$73.00Low
2/9/2023Loop CapitalBoost Target$66.00 ➝ $80.00Low
2/9/2023BarclaysBoost TargetOverweight$56.00 ➝ $68.00Low
2/8/2023Roth CapitalReiterated RatingBuyLow
2/8/2023Morgan StanleyBoost TargetOverweight$69.00 ➝ $70.00Low
2/8/2023Deutsche Bank AktiengesellschaftBoost Target$53.00 ➝ $63.00Low
2/8/2023CitigroupBoost TargetBuy$65.00 ➝ $67.00Low
2/8/2023Royal Bank of CanadaBoost Target$57.00 ➝ $68.00Low
2/8/2023Stifel NicolausBoost TargetBuy$64.00 ➝ $72.00Low
2/8/2023MKM PartnersBoost Target$65.00 ➝ $70.00Low
2/8/2023Jefferies Financial GroupBoost TargetBuy$65.00 ➝ $70.00Low
2/8/2023WedbushBoost TargetOutperform$64.00 ➝ $70.00Low
2/8/2023Wells Fargo & CompanyBoost TargetOverweight$62.00 ➝ $72.00Low
2/8/2023Robert W. BairdBoost TargetOutperform$70.00 ➝ $73.00Low
2/8/2023BMO Capital MarketsBoost TargetMarket Perform$57.00 ➝ $67.00Low
2/8/2023JPMorgan Chase & Co.Boost TargetOverweight$69.00 ➝ $70.00Low
2/8/2023UBS GroupBoost TargetNeutral$54.00 ➝ $67.00Low
2/8/2023MizuhoBoost TargetNeutral$60.00 ➝ $68.00Low
2/8/2023Raymond JamesBoost TargetOutperform$60.00 ➝ $70.00Low
2/8/2023Piper SandlerBoost TargetNeutral$57.00 ➝ $64.00Low
2/6/2023Loop CapitalInitiated CoverageBuy$66.00Low
2/2/2023BMO Capital MarketsDowngradeOutperform ➝ Market Perform$58.00 ➝ $57.00Low
1/31/2023MKM PartnersLower TargetBuy$70.00 ➝ $65.00Low
1/27/2023MizuhoDowngradeBuy ➝ Neutral$60.00Low
1/26/2023William BlairReiterated RatingOutperformLow
1/24/2023Morgan StanleyLower TargetOverweight$71.00 ➝ $69.00Low
1/24/2023JPMorgan Chase & Co.Initiated CoverageOverweight$69.00Low
1/23/2023GuggenheimInitiated CoverageNeutralLow
1/23/2023Deutsche Bank AktiengesellschaftLower TargetHold$63.00 ➝ $53.00Low
1/20/2023MizuhoLower TargetBuy ➝ Neutral$65.00 ➝ $60.00Low
1/17/2023ScotiabankInitiated CoverageSector Outperform$65.00Low
1/13/2023BTIG ResearchDowngradeBuy ➝ NeutralLow
1/11/2023BarclaysLower TargetOverweight$57.00 ➝ $56.00Low
1/5/2023Piper SandlerLower TargetNeutral$60.00 ➝ $57.00Low
12/22/2022Morgan StanleyBoost TargetOverweight$66.00 ➝ $71.00Low
11/16/2022KeyCorpLower TargetOverweight$63.00 ➝ $62.00Low
11/4/2022KeyCorpLower TargetOverweight$68.00 ➝ $63.00Low
11/3/2022Morgan StanleyLower TargetOverweight$69.00 ➝ $66.00Low
11/3/2022BMO Capital MarketsLower TargetOutperform$68.00 ➝ $58.00Low
11/3/2022WedbushLower Target$76.00 ➝ $64.00Low
11/3/2022Raymond JamesLower TargetOutperform$70.00 ➝ $60.00Low
11/3/2022Royal Bank of CanadaLower TargetSector Perform$69.00 ➝ $57.00Low
11/3/2022BTIG ResearchLower TargetBuy$80.00 ➝ $62.00Low
11/3/2022OppenheimerLower TargetOutperform$80.00 ➝ $70.00Low
10/19/2022Robert W. BairdReiterated RatingOutperform$70.00Low
10/11/2022BarclaysLower Target$77.00 ➝ $65.00Low
10/7/2022Morgan StanleyUpgradeEqual Weight ➝ Overweight$66.00 ➝ $69.00Low
10/7/2022Sumitomo Mitsui Financial GroupInitiated CoverageOutperform$70.00Low
9/15/2022MKM PartnersInitiated CoverageBuy$70.00Low
9/15/2022Jefferies Financial GroupInitiated CoverageBuy$65.00Low
9/7/2022Cantor FitzgeraldInitiated CoverageOverweight$70.00Low
9/2/2022Atlantic SecuritiesInitiated CoverageOverweight$76.00Low
8/9/2022Evercore ISILower Target$75.00N/A
8/4/2022BMO Capital MarketsLower TargetOutperform$70.00 ➝ $68.00Low
8/4/2022BarclaysLower TargetOverweight$80.00 ➝ $77.00Low
8/4/2022UBS GroupLower TargetNeutral$68.00 ➝ $65.00Low
8/4/2022Deutsche Bank AktiengesellschaftBoost Target$60.00 ➝ $63.00Low
7/22/2022CitigroupLower TargetBuy$81.00 ➝ $78.00Low
7/18/2022Wells Fargo & CompanyLower TargetOverweight$80.00 ➝ $70.00Low
6/28/2022BarclaysLower TargetOverweight$80.00Low
6/28/2022OppenheimerLower TargetOutperform$80.00Low
6/28/2022BMO Capital MarketsUpgradeMarket Perform ➝ Outperform$70.00Low
6/27/2022Morgan StanleyLower TargetEqual Weight$66.00Low
5/12/2022BMO Capital MarketsLower Target$72.00 ➝ $65.00High
5/11/2022Deutsche Bank AktiengesellschaftLower Target$64.00 ➝ $60.00High
5/11/2022KeyCorpLower Target$82.00 ➝ $70.60High
5/5/2022WedbushLower Target$74.00 ➝ $68.00High
5/5/2022Deutsche Bank AktiengesellschaftBoost Target$50.00 ➝ $64.00High
5/5/2022Wells Fargo & CompanyBoost Target$72.00 ➝ $80.00High
5/5/2022MizuhoUpgradeNeutral ➝ Buy$68.00 ➝ $70.00High
4/14/2022WedbushBoost TargetOutperform$70.00 ➝ $74.00High
4/12/2022The Goldman Sachs GroupBoost Target$72.40 ➝ $78.00Low
3/29/2022BarclaysUpgradeEqual Weight ➝ Overweight$72.80 ➝ $79.00Medium
3/25/2022Bank of AmericaDowngradeBuy ➝ Neutral$77.00 ➝ $71.00Medium
3/17/2022Deutsche Bank AktiengesellschaftLower TargetHold$61.00 ➝ $50.00Medium
2/4/2022BarclaysBoost TargetEqual Weight$71.00 ➝ $72.80High
2/4/2022MizuhoBoost TargetNeutral$65.00 ➝ $68.00High
2/4/2022Deutsche Bank AktiengesellschaftLower TargetHold$64.00 ➝ $61.00High
2/4/2022BMO Capital MarketsBoost TargetMarket Perform$70.60 ➝ $73.00High
2/4/2022UBS GroupLower TargetNeutral$74.00 ➝ $68.00High
2/4/2022WedbushLower TargetOutperform$80.00 ➝ $70.00High
2/4/2022Wells Fargo & CompanyBoost TargetOverweight$65.00 ➝ $72.00High
2/4/2022Raymond JamesLower TargetOutperform$76.00 ➝ $70.00High
2/4/2022CitigroupBoost TargetBuy$78.00 ➝ $81.00High
1/28/2022Wells Fargo & CompanyLower TargetOverweight$87.00 ➝ $65.00High
1/24/2022CitigroupInitiated CoverageBuy$78.00High
1/18/2022MizuhoLower Target$67.00 ➝ $65.00Medium
11/8/2021Deutsche Bank AktiengesellschaftBoost TargetHold$58.60 ➝ $64.00High
11/5/2021Wells Fargo & CompanyReiterated RatingBuy$86.80High
11/5/2021William BlairReiterated RatingOutperformHigh
11/5/2021BarclaysBoost TargetEqual Weight$64.00 ➝ $71.00High
11/5/2021BTIG ResearchBoost TargetBuy$69.00 ➝ $78.20Medium
11/5/2021Raymond JamesBoost TargetOutperform$59.00 ➝ $76.00Medium
11/5/2021CowenBoost TargetOutperform$77.00 ➝ $85.00Medium
11/5/2021The Goldman Sachs GroupBoost TargetBuy$67.00 ➝ $76.00Low
11/5/2021OppenheimerBoost TargetOutperform$69.00 ➝ $80.00Low
11/5/2021Royal Bank of CanadaBoost TargetSector Perform$49.60 ➝ $69.40High
11/5/2021BMO Capital MarketsBoost TargetMarket Perform$67.00 ➝ $75.00High
11/5/2021MizuhoBoost TargetNeutral$62.00 ➝ $71.00High
10/25/2021KeyCorpBoost TargetOverweight$64.80 ➝ $74.00High
10/18/2021MizuhoBoost TargetNeutral$58.00 ➝ $62.00High
10/13/2021BarclaysBoost TargetEqual Weight$61.00 ➝ $64.00Low
10/12/2021Morgan StanleyBoost TargetEqual Weight$46.00 ➝ $59.00Low
10/4/2021Wells Fargo & CompanyInitiated CoverageOverweight$76.00High
9/28/2021CowenBoost TargetOutperform$67.00 ➝ $77.00High
9/28/2021The Goldman Sachs GroupReiterated RatingBuyHigh
9/21/2021Colliers SecuritiesReiterated RatingBuy$70.00Low
9/21/2021Stifel NicolausInitiated CoverageBuy$71.00Low
9/16/2021BMO Capital MarketsBoost TargetMarket Perform$60.00 ➝ $67.00Low
9/15/2021MizuhoBoost TargetNeutral$52.00 ➝ $58.00Low
8/30/2021WedbushBoost TargetOutperform$62.00 ➝ $70.00Low
8/13/2021BTIG ResearchBoost TargetPositive ➝ Buy$61.00 ➝ $69.00Low
7/30/2021Morgan StanleyBoost TargetEqual Weight$37.40 ➝ $46.00High
7/30/2021WedbushBoost TargetOutperform$48.00 ➝ $62.00High
7/30/2021BMO Capital MarketsBoost TargetMarket Perform$55.00 ➝ $60.00High
7/30/2021BTIG ResearchBoost TargetBuy$58.20 ➝ $61.00High
7/30/2021CowenBoost TargetOutperform$61.00 ➝ $67.00Low
7/30/2021Raymond JamesBoost TargetOutperform$56.00 ➝ $59.00Medium
7/30/2021Royal Bank of CanadaBoost TargetSector Perform$41.60 ➝ $49.60Low
7/30/2021KeyCorpBoost TargetPositive ➝ Overweight$59.40 ➝ $64.80Low
7/30/2021Deutsche Bank AktiengesellschaftBoost TargetHold$48.40 ➝ $50.00Low
7/30/2021MizuhoBoost TargetNeutral$50.00 ➝ $52.00Low
7/22/2021CowenBoost TargetOutperform$54.00 ➝ $61.00Medium
7/22/2021KeyCorpBoost TargetOverweight$48.00 ➝ $59.40Medium
7/20/2021BTIG ResearchBoost TargetPositive ➝ Buy$48.00 ➝ $58.20Medium
7/19/2021Raymond JamesBoost TargetOutperform$45.00 ➝ $56.00Low
7/16/2021MizuhoBoost TargetHold ➝ Neutral$41.60 ➝ $50.00Low
7/15/2021BarclaysBoost TargetEqual Weight$46.00 ➝ $52.00Low
7/12/2021Deutsche Bank AktiengesellschaftBoost TargetHold$38.00 ➝ $48.40Low
7/9/2021Piper SandlerBoost TargetNeutral$41.00 ➝ $53.00Low
6/29/2021Monness Crespi & HardtDowngradeBuy ➝ NeutralLow
6/21/2021CowenBoost TargetOutperform$50.00 ➝ $54.00Low
5/26/2021CowenInitiated CoverageOutperform$46.00Low
4/30/2021BMO Capital MarketsBoost TargetMarket Perform$42.80 ➝ $45.40High
4/30/2021Morgan StanleyBoost TargetEqual Weight$34.00 ➝ $37.40High
4/30/2021DA DavidsonBoost TargetBuy$40.00 ➝ $46.00High
4/30/2021Raymond JamesBoost TargetOutperform$40.00 ➝ $45.00High
4/30/2021Royal Bank of CanadaBoost TargetSector Perform$35.00 ➝ $41.60High
4/30/2021MizuhoBoost TargetNeutral$36.00 ➝ $41.60High
4/29/2021KeyCorpBoost TargetOverweight$46.60 ➝ $48.00High
4/23/2021KeyCorpBoost TargetOverweight$39.00 ➝ $46.60Low
4/21/2021Monness Crespi & HardtBoost TargetBuy$39.00 ➝ $45.00Low
4/19/2021BTIG ResearchBoost TargetBuy$41.00 ➝ $48.00Low
4/16/2021BarclaysBoost TargetEqual Weight$40.40 ➝ $42.00Low
3/10/2021MizuhoBoost Target$33.40 ➝ $36.00Medium
3/10/2021BarclaysBoost TargetEqual Weight$34.60 ➝ $40.40Medium
3/10/2021BTIG ResearchBoost TargetBuy$36.60 ➝ $41.00Medium
3/10/2021DA DavidsonBoost TargetBuy$36.00 ➝ $40.00Medium
3/10/2021BMO Capital MarketsBoost TargetMarket Perform$36.00 ➝ $39.00Medium
3/10/2021Royal Bank of CanadaBoost TargetSector Perform$32.40 ➝ $35.00Medium
3/10/2021Morgan StanleyBoost TargetEqual Weight$27.80 ➝ $34.00Low
3/10/2021Raymond JamesBoost TargetOutperform$35.00 ➝ $40.00High
3/10/2021Monness Crespi & HardtBoost TargetBuy$35.00 ➝ $39.00High
3/10/2021KeyCorpBoost TargetOverweight$37.00 ➝ $39.00High
3/10/2021Piper SandlerBoost TargetNeutral$30.00 ➝ $35.00High
2/11/2021OppenheimerReiterated RatingOutperform$38.00Low
2/5/2021CitigroupLower TargetSell$22.00 ➝ $20.80Low
2/5/2021Morgan StanleyBoost TargetEqual Weight$25.40 ➝ $27.80Medium
2/5/2021Monness Crespi & HardtBoost TargetBuy$31.00 ➝ $35.00Medium
2/5/2021Raymond JamesBoost TargetOutperform$31.00 ➝ $35.00Medium
2/5/2021Royal Bank of CanadaBoost TargetPositive ➝ Sector Perform$27.20 ➝ $32.40Medium
2/5/2021MizuhoBoost TargetNeutral$32.00 ➝ $33.40Medium
2/5/2021BarclaysBoost TargetEqual Weight$30.00 ➝ $34.60Medium
2/5/2021Pritchard CapitalLower TargetSell$22.00 ➝ $20.80Medium
1/22/2021BTIG ResearchUpgradeNeutral ➝ Buy$35.60Low
1/14/2021OTR GlobalUpgradePositiveLow
1/13/2021OppenheimerBoost TargetOutperform$32.00 ➝ $38.00High
1/12/2021MizuhoBoost TargetNeutral$26.00 ➝ $32.00High
1/12/2021DA DavidsonUpgradeNeutral ➝ Buy$26.00 ➝ $34.00High
1/8/2021The Goldman Sachs GroupBoost TargetBuy$30.40 ➝ $33.80High
1/4/2021Piper SandlerDowngradeOverweight ➝ Neutral$30.00N/A
12/16/2020MizuhoBoost TargetNeutral$26.00 ➝ $28.00Low
12/9/2020Edward JonesInitiated CoverageBuyMedium
12/9/2020JPMorgan Chase & Co.DowngradeNeutral ➝ Underweight$28.00High
11/23/2020KeyCorpInitiated CoverageSector Weight ➝ Sector WeightHigh
10/30/2020Credit Suisse GroupBoost TargetNeutral$26.00 ➝ $27.00High
10/30/2020Morgan StanleyBoost TargetEqual Weight$24.80 ➝ $25.20High
10/20/2020The Goldman Sachs GroupUpgradeNeutral ➝ Buy$28.60 ➝ $30.00Medium
10/15/2020MizuhoBoost TargetNeutral$24.60 ➝ $26.00High
9/21/2020OppenheimerReiterated RatingBuy$32.00High
8/26/2020UBS GroupBoost Target$26.80 ➝ $28.00Low
8/20/2020Deutsche Bank AktiengesellschaftInitiated CoverageHold$26.20High
8/11/2020OppenheimerInitiated CoverageBuy$32.00Low
8/10/2020CitigroupBoost TargetSell$18.40 ➝ $20.40Medium
8/7/2020Credit Suisse GroupBoost TargetNeutral$22.00 ➝ $26.00High
8/7/2020UBS GroupBoost TargetIn-Line ➝ Neutral$24.40 ➝ $26.80Medium
7/21/2020OppenheimerReiterated RatingBuyMedium
7/15/2020OTR GlobalDowngradePositiveLow
7/15/2020The Goldman Sachs GroupDowngradeBuy ➝ Neutral$25.80 ➝ $28.00Medium
7/14/2020Morgan StanleyBoost TargetEqual Weight$23.20 ➝ $24.80Medium
7/7/2020JPMorgan Chase & Co.DowngradeOverweight ➝ Neutral$27.00Low
6/29/2020OppenheimerReiterated RatingBuy$32.00High
6/24/2020Monness Crespi & HardtBoost TargetBuy$28.00 ➝ $31.00High
6/16/2020Piper SandlerBoost TargetOverweight$25.00 ➝ $29.20Low
6/3/2020WedbushBoost TargetPositive ➝ Outperform$30.00 ➝ $34.00Medium
5/20/2020OppenheimerBoost TargetOutperform$29.00 ➝ $32.00Low
5/13/2020MizuhoReiterated RatingHold$24.60Low
5/13/2020OppenheimerBoost TargetOutperform$27.00 ➝ $29.00Low
5/8/2020CitigroupBoost TargetSell$17.60 ➝ $18.40Low
5/7/2020MizuhoBoost TargetNeutral$23.20 ➝ $24.60Medium
5/7/2020Robert W. BairdBoost TargetNeutral$21.00 ➝ $24.00Medium
5/7/2020UBS GroupBoost TargetNeutral$23.00 ➝ $24.40Medium
5/7/2020Bank of AmericaReiterated RatingBuy$24.00 ➝ $28.00Medium
5/7/2020DA DavidsonBoost TargetNeutral$18.00 ➝ $22.00Medium
5/7/2020BarclaysBoost TargetEqual Weight$24.40 ➝ $26.40High
5/7/2020Raymond JamesBoost TargetOutperform$23.00 ➝ $26.60High
5/7/2020Credit Suisse GroupBoost TargetNeutral$20.00 ➝ $22.00High
5/7/2020Morgan StanleyBoost TargetEqual Weight$20.00 ➝ $23.20High
5/7/2020Monness Crespi & HardtBoost TargetBuy$26.60 ➝ $28.00High
5/7/2020OppenheimerBoost TargetOutperform$23.00 ➝ $27.00High
5/7/2020Piper SandlerBoost TargetOverweight$22.00 ➝ $25.00High
5/4/2020Evercore ISIInitiated CoverageOutperform$25.60Medium
4/21/2020CowenLower TargetMarket Perform$23.00 ➝ $21.00High
4/14/2020BarclaysReiterated RatingHold$24.40Medium
4/3/2020Raymond JamesLower TargetOutperform$27.20 ➝ $23.00Medium
3/27/2020BTIG ResearchInitiated CoverageNeutralLow
3/25/2020Morgan StanleyLower TargetEqual Weight$24.00 ➝ $20.00Medium
3/20/2020The Goldman Sachs GroupLower TargetBuy$27.00 ➝ $19.20Medium
3/17/2020DA DavidsonDowngradeBuy ➝ Neutral$28.00 ➝ $18.00High
2/12/2020CfraBoost TargetHold$19.00 ➝ $25.00Low
2/7/2020Piper SandlerBoost TargetOverweight$25.20 ➝ $27.00Low
2/7/2020Morgan StanleyBoost TargetEqual Weight$22.20 ➝ $24.00Medium
2/7/2020Monness Crespi & HardtBoost TargetBuy$24.00 ➝ $26.60High
2/7/2020WedbushBoost TargetBuy$26.00 ➝ $30.00High
2/7/2020Credit Suisse GroupBoost TargetNeutral$19.00 ➝ $23.00High
2/3/2020Northland SecuritiesBoost TargetOutperform$20.00 ➝ $27.00Low
2/3/2020BMO Capital MarketsBoost TargetMarket Perform$23.00 ➝ $26.40Low
1/22/2020Raymond JamesUpgradeMarket Perform ➝ Outperform$26.60Medium
1/13/2020DA DavidsonInitiated CoverageBuy$26.00Low
1/13/2020OppenheimerBoost TargetOutperform$22.00 ➝ $26.00Medium
11/20/2019BMO Capital MarketsBoost TargetMarket Perform$23.00Low
11/19/2019Royal Bank of CanadaReiterated RatingSector Perform ➝ Neutral$20.00 ➝ $21.80Low
11/19/2019Morgan StanleyBoost TargetEqual Weight$16.40 ➝ $19.20Low
11/19/2019Monness Crespi & HardtBoost TargetBuy$22.00 ➝ $24.00Medium
11/19/2019CowenBoost TargetMarket Perform$17.60 ➝ $21.00Medium
11/19/2019WedbushBoost Target$22.00 ➝ $26.00Medium
11/19/2019MizuhoBoost TargetNeutral$18.40 ➝ $20.40Medium
11/19/2019BarclaysBoost TargetEqual Weight$21.00 ➝ $23.60Medium
11/18/2019FBN SecuritiesReiterated RatingOutperformMedium
11/15/2019Credit Suisse GroupUpgradeUnderperform ➝ Neutral$15.80 ➝ $19.00Low
11/12/2019The Goldman Sachs GroupInitiated CoverageBuy$22.60Medium
11/8/2019Piper Sandler CompaniesInitiated CoverageOverweight$23.20Low
11/4/2019Evercore ISISet TargetHold$18.00Medium
11/1/2019FBN SecuritiesSet TargetBuy$23.00N/A
11/1/2019BarclaysSet TargetHold$21.00N/A
11/1/2019JPMorgan Chase & Co.Set TargetBuy$21.60 ➝ $22.20Medium
11/1/2019Deutsche Bank AktiengesellschaftSet TargetHold$17.40 ➝ $19.40Medium
11/1/2019Morgan StanleySet TargetHold$15.80 ➝ $16.40Medium
11/1/2019Monness Crespi & HardtBoost TargetBuy$20.40 ➝ $22.00High
11/1/2019BMO Capital MarketsBoost TargetMarket Perform$20.00 ➝ $20.80High
11/1/2019MizuhoBoost TargetNeutral$17.20 ➝ $18.40High
9/15/2019Robert W. BairdSet TargetHold$20.00Medium
8/4/2019BarclaysReiterated RatingHold$19.80High
8/2/2019Morgan StanleyBoost TargetEqual Weight$15.40 ➝ $15.80Medium
8/2/2019CitigroupBoost TargetSell$15.60 ➝ $16.00Medium
8/2/2019Monness Crespi & HardtReiterated RatingBuy ➝ Buy$19.40 ➝ $20.40High
8/2/2019Bank of AmericaUpgradeNeutral ➝ BuyHigh
8/2/2019Robert W. BairdReiterated RatingHold$20.00High
6/24/2019JPMorgan Chase & Co.UpgradeNeutral ➝ Overweight$18.60High
6/11/2019Morgan StanleyLower TargetEqual Weight$16.80 ➝ $15.40Medium
5/23/2019CowenInitiated CoverageMarket Perform ➝ Market Perform$17.00High
5/7/2019Evercore ISIReiterated RatingHold$16.00High
5/3/2019Monness Crespi & HardtReiterated RatingBuy ➝ Buy$19.00 ➝ $19.40Medium
5/3/2019CitigroupDowngradeNeutral ➝ Sell$16.80 ➝ $15.60Medium
5/3/2019Northland SecuritiesReiterated RatingBuy$20.00High
4/16/2019Stifel NicolausBoost TargetHold ➝ Hold$17.00 ➝ $19.00Medium
(Data available from 4/16/2019 forward)

News Sentiment Rating

0.74 (Buy)

Our news sentiment rating is based on the average sentiment of articles about this company published in the media in the last 30 days of headlines and can range from 2 (very positive sentiment) to -2 (very negative sentiment).

News Sentiment Over Time

Move your mouse over past months for details

Skip to Current Sentiment Summary
  • 26 very positive mentions
  • 35 positive mentions
  • 0 negative mentions
  • 1 very negative mentions
9/18/2023
  • 40 very positive mentions
  • 26 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
10/18/2023
  • 15 very positive mentions
  • 33 positive mentions
  • 10 negative mentions
  • 2 very negative mentions
11/17/2023
  • 23 very positive mentions
  • 16 positive mentions
  • 5 negative mentions
  • 2 very negative mentions
12/17/2023
  • 33 very positive mentions
  • 27 positive mentions
  • 2 negative mentions
  • 1 very negative mentions
1/16/2024
  • 55 very positive mentions
  • 49 positive mentions
  • 8 negative mentions
  • 1 very negative mentions
2/15/2024
  • 44 very positive mentions
  • 20 positive mentions
  • 7 negative mentions
  • 1 very negative mentions
3/16/2024
  • 30 very positive mentions
  • 26 positive mentions
  • 3 negative mentions
  • 1 very negative mentions
4/15/2024

Current Sentiment

  • 30 very positive mentions
  • 26 positive mentions
  • 3 negative mentions
  • 1 very negative mentions
Fortinet logo
Fortinet, Inc. provides cybersecurity and convergence of networking and security solutions worldwide. It offers secure networking solutions focus on the convergence of networking and security; network firewall solutions that consist of FortiGate data centers, hyperscale, and distributed firewalls, as well as encrypted applications; wireless LAN solutions; and secure connectivity solutions, including FortiSwitch secure ethernet switches, FortiAP wireless local area network access points, FortiExtender 5G connectivity gateways, and other products. The company also provides the Fortinet Unified SASE solutions that include firewall, SD-WAN, Secure web gateway, cloud access services broker, data loss prevention, zero trust network access, and cloud security, including web application firewalls, virtualized firewalls, and cloud-native firewalls. In addition, it offers security operations solutions comprising FortiAI generative AI assistant, FortiSIEM security information and event management, FortiSOAR security orchestration, automation and response, FortiEDR endpoint detection and response, FortiXDR extended detection and response, FortiMDR managed detection and response service, FortiNDR network detection and response, FortiRecon digital risk protection, FortiDeceptor deception technology, FortiGuard SoCaaS, FortiSandbox sandboxing, FortiGuard incident response, and other products. Further, the company offers FortiGuard security services consisting of FortiGuard application security, content security, device security, NOC/SOC security, and web security services; FortiCare technical support services; and training services to customers and channel partners, as well as operates a FortiGuard Lab, a cybersecurity threat intelligence and research organization. It serves enterprise, communication and security service providers, government organizations, and small and medium-sized businesses. The company was incorporated in 2000 and is headquartered in Sunnyvale, California.
Read More

Today's Range

Now: $65.02
Low: $64.26
High: $65.57

50 Day Range

MA: $68.89
Low: $64.73
High: $73.07

52 Week Range

Now: $65.02
Low: $44.12
High: $81.24

Volume

330,750 shs

Average Volume

5,962,102 shs

Market Capitalization

$49.61 billion

P/E Ratio

44.84

Dividend Yield

N/A

Beta

1.08

Frequently Asked Questions

What sell-side analysts currently cover shares of Fortinet?

The following Wall Street analysts have issued research reports on Fortinet in the last year: Bank of America Co., Barclays PLC, BMO Capital Markets, Cantor Fitzgerald, Capital One Financial Co., Citigroup Inc., Daiwa Capital Markets, Deutsche Bank Aktiengesellschaft, DZ Bank AG, Evercore ISI, Guggenheim, HSBC Holdings plc, Jefferies Financial Group Inc., JPMorgan Chase & Co., Mizuho, Morgan Stanley, Needham & Company LLC, Oppenheimer Holdings Inc., Piper Sandler, Raymond James, Robert W. Baird, Rosenblatt Securities, Royal Bank of Canada, Sanford C. Bernstein, Scotiabank, Stifel Nicolaus, StockNews.com, Susquehanna, TD Cowen, The Goldman Sachs Group, Inc., TheStreet, Truist Financial Co., UBS Group AG, Wedbush, Wells Fargo & Company, and William Blair.
View the latest analyst ratings for FTNT.

What is the current price target for Fortinet?

31 Wall Street analysts have set twelve-month price targets for Fortinet in the last year. Their average twelve-month price target is $72.35, suggesting a possible upside of 11.8%. Scotiabank has the highest price target set, predicting FTNT will reach $90.00 in the next twelve months. Evercore ISI has the lowest price target set, forecasting a price of $51.00 for Fortinet in the next year.
View the latest price targets for FTNT.

What is the current consensus analyst rating for Fortinet?

Fortinet currently has 2 sell ratings, 20 hold ratings and 11 buy ratings from Wall Street analysts. The stock has a consensus analyst rating of "Hold." A "hold" rating indicates that analysts believe investors should keep any existing positions they have in FTNT, but not buy more shares or sell existing shares.
View the latest ratings for FTNT.

What other companies compete with Fortinet?

How do I contact Fortinet's investor relations team?

Fortinet's physical mailing address is 899 KIFER ROAD, SUNNYVALE CA, 94086. The software maker's listed phone number is (408) 235-7700 and its investor relations email address is [email protected]. The official website for Fortinet is www.fortinet.com. Learn More about contacing Fortinet investor relations.