Fortinet - FTNT Stock Price Target and Predictions

Target and Analyst Ratings
Price Target History
Upgrades and Downgrades
News Sentiment
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FAQ

Consensus Rating: Buy
Consensus Price Target: $66.15
Forecasted Upside: 25.53%
Number of Analysts: 25
Breakdown:
0 Sell Ratings
8 Hold Ratings
17 Buy Ratings
0 Strong Buy Ratings

^$52.70 As of 01/27/2023 01:00 AM ET

▼ -0.51 (-0.96%)

1 month | 3 months | 12 months

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Analyst Price Target for FTNT

^$66.15

▲ +25.53% Upside Potential

This price target is based on 25 analysts offering 12 month price targets for Fortinet in the last 3 months. The average price target is $66.15, with a high forecast of $78.00 and a low forecast of $53.00. The average price target represents a 25.53% upside from the last price of $52.70.

Current Consensus is Buy

The current consensus among 25 investment analysts is to buy stock in Fortinet. This Buy consensus rating has held steady for over two years.

Past Monthly Recommendations

Move your mouse over past months for details

0 strong buy ratings
14 buy ratings
8 hold ratings
1 sell ratings

Ratings as of

8/7/2021

0 strong buy ratings
18 buy ratings
6 hold ratings
1 sell ratings

Ratings as of

11/5/2021

0 strong buy ratings
15 buy ratings
6 hold ratings
1 sell ratings

Ratings as of

2/3/2022

0 strong buy ratings
14 buy ratings
8 hold ratings
0 sell ratings

Ratings as of

5/4/2022

0 strong buy ratings
14 buy ratings
6 hold ratings
0 sell ratings

Ratings as of

8/2/2022

0 strong buy ratings
17 buy ratings
6 hold ratings
0 sell ratings

Ratings as of

10/31/2022

0 strong buy ratings
15 buy ratings
6 hold ratings
0 sell ratings

Ratings as of

12/30/2022

0 strong buy ratings
17 buy ratings
8 hold ratings
0 sell ratings

Ratings as of

1/29/2023

Latest Recommendations

Show Most Recent Rating from Each Ratings Firm Show All Ratings

Date	Brokerage	Action	Rating	Price Target	Impact on Share Price
1/27/2023	Mizuho	Downgrade	Buy ➝ Neutral	$60.00	Low
1/24/2023	Morgan Stanley	Lower Target	Overweight	$71.00 ➝ $69.00	Low
1/24/2023	JPMorgan Chase & Co.	Initiated Coverage	Overweight	$69.00	Low
1/23/2023	Guggenheim	Initiated Coverage	Neutral		Low
1/23/2023	Deutsche Bank Aktiengesellschaft	Lower Target	Hold	$63.00 ➝ $53.00	Low
1/20/2023	Mizuho	Lower Target	Buy ➝ Neutral	$65.00 ➝ $60.00	Low
1/17/2023	Scotiabank	Initiated Coverage	Sector Outperform	$65.00	Low
1/13/2023	BTIG Research	Downgrade	Buy ➝ Neutral		Low
1/11/2023	Barclays	Lower Target	Overweight	$57.00 ➝ $56.00	Low
1/5/2023	Piper Sandler	Lower Target	Neutral	$60.00 ➝ $57.00	Low
12/22/2022	Morgan Stanley	Boost Target	Overweight	$66.00 ➝ $71.00	Low
11/16/2022	KeyCorp	Lower Target	Overweight	$63.00 ➝ $62.00	Low
11/4/2022	KeyCorp	Lower Target	Overweight	$68.00 ➝ $63.00	Low
11/3/2022	Morgan Stanley	Lower Target	Overweight	$69.00 ➝ $66.00	Low
11/3/2022	BMO Capital Markets	Lower Target	Outperform	$68.00 ➝ $58.00	Low
11/3/2022	Wedbush	Lower Target		$76.00 ➝ $64.00	Low
11/3/2022	Raymond James	Lower Target	Outperform	$70.00 ➝ $60.00	Low
11/3/2022	Royal Bank of Canada	Lower Target	Sector Perform	$69.00 ➝ $57.00	Low
11/3/2022	BTIG Research	Lower Target	Buy	$80.00 ➝ $62.00	Low
11/3/2022	Oppenheimer	Lower Target	Outperform	$80.00 ➝ $70.00	Low
10/19/2022	Robert W. Baird	Reiterated Rating	Outperform	$70.00	Low
10/11/2022	Barclays	Lower Target		$77.00 ➝ $65.00	Low
10/7/2022	Morgan Stanley	Upgrade	Equal Weight ➝ Overweight	$66.00 ➝ $69.00	Low
10/7/2022	Sumitomo Mitsui Financial Group	Initiated Coverage	Outperform	$70.00	Low
9/15/2022	MKM Partners	Initiated Coverage	Buy	$70.00	Low
9/15/2022	Jefferies Financial Group	Initiated Coverage	Buy	$65.00	Low
9/7/2022	Cantor Fitzgerald	Initiated Coverage	Overweight	$70.00	Low
9/2/2022	Atlantic Securities	Initiated Coverage	Overweight	$76.00	Low
8/9/2022	Evercore ISI	Lower Target		$75.00	N/A
8/4/2022	BMO Capital Markets	Lower Target	Outperform	$70.00 ➝ $68.00	Low
8/4/2022	Barclays	Lower Target	Overweight	$80.00 ➝ $77.00	Low
8/4/2022	UBS Group	Lower Target	Neutral	$68.00 ➝ $65.00	Low
8/4/2022	Deutsche Bank Aktiengesellschaft	Boost Target		$60.00 ➝ $63.00	Low
7/22/2022	Citigroup	Lower Target	Buy	$81.00 ➝ $78.00	Low
7/18/2022	Wells Fargo & Company	Lower Target	Overweight	$80.00 ➝ $70.00	Low
6/28/2022	Barclays	Lower Target	Overweight	$80.00	Low
6/28/2022	Oppenheimer	Lower Target	Outperform	$80.00	Low
6/28/2022	BMO Capital Markets	Upgrade	Market Perform ➝ Outperform	$70.00	Low
6/27/2022	Morgan Stanley	Lower Target	Equal Weight	$66.00	Low
5/12/2022	BMO Capital Markets	Lower Target		$72.00 ➝ $65.00	High
5/11/2022	Deutsche Bank Aktiengesellschaft	Lower Target		$64.00 ➝ $60.00	High
5/11/2022	KeyCorp	Lower Target		$82.00 ➝ $70.60	High
5/5/2022	Wedbush	Lower Target		$74.00 ➝ $68.00	High
5/5/2022	Deutsche Bank Aktiengesellschaft	Boost Target		$50.00 ➝ $64.00	High
5/5/2022	Wells Fargo & Company	Boost Target		$72.00 ➝ $80.00	High
5/5/2022	Mizuho	Upgrade	Neutral ➝ Buy	$68.00 ➝ $70.00	High
4/14/2022	Wedbush	Boost Target	Outperform	$70.00 ➝ $74.00	High
4/12/2022	The Goldman Sachs Group	Boost Target		$72.40 ➝ $78.00	Low
3/29/2022	Barclays	Upgrade	Equal Weight ➝ Overweight	$72.80 ➝ $79.00	Medium
3/25/2022	Bank of America	Downgrade	Buy ➝ Neutral	$77.00 ➝ $71.00	Medium
3/17/2022	Deutsche Bank Aktiengesellschaft	Lower Target	Hold	$61.00 ➝ $50.00	Medium
2/4/2022	Barclays	Boost Target	Equal Weight	$71.00 ➝ $72.80	High
2/4/2022	Mizuho	Boost Target	Neutral	$65.00 ➝ $68.00	High
2/4/2022	Deutsche Bank Aktiengesellschaft	Lower Target	Hold	$64.00 ➝ $61.00	High
2/4/2022	BMO Capital Markets	Boost Target	Market Perform	$70.60 ➝ $73.00	High
2/4/2022	UBS Group	Lower Target	Neutral	$74.00 ➝ $68.00	High
2/4/2022	Wedbush	Lower Target	Outperform	$80.00 ➝ $70.00	High
2/4/2022	Wells Fargo & Company	Boost Target	Overweight	$65.00 ➝ $72.00	High
2/4/2022	Raymond James	Lower Target	Outperform	$76.00 ➝ $70.00	High
2/4/2022	Citigroup	Boost Target	Buy	$78.00 ➝ $81.00	High
1/28/2022	Wells Fargo & Company	Lower Target	Overweight	$87.00 ➝ $65.00	High
1/24/2022	Citigroup	Initiated Coverage	Buy	$78.00	High
1/18/2022	Mizuho	Lower Target		$67.00 ➝ $65.00	Medium
11/8/2021	Deutsche Bank Aktiengesellschaft	Boost Target	Hold	$58.60 ➝ $64.00	High
11/5/2021	Wells Fargo & Company	Reiterated Rating	Buy	$86.80	High
11/5/2021	William Blair	Reiterated Rating	Outperform		High
11/5/2021	Barclays	Boost Target	Equal Weight	$64.00 ➝ $71.00	High
11/5/2021	BTIG Research	Boost Target	Buy	$69.00 ➝ $78.20	Medium
11/5/2021	Raymond James	Boost Target	Outperform	$59.00 ➝ $76.00	Medium
11/5/2021	Cowen	Boost Target	Outperform	$77.00 ➝ $85.00	Medium
11/5/2021	The Goldman Sachs Group	Boost Target	Buy	$67.00 ➝ $76.00	Low
11/5/2021	Oppenheimer	Boost Target	Outperform	$69.00 ➝ $80.00	Low
11/5/2021	Royal Bank of Canada	Boost Target	Sector Perform	$49.60 ➝ $69.40	High
11/5/2021	BMO Capital Markets	Boost Target	Market Perform	$67.00 ➝ $75.00	High
11/5/2021	Mizuho	Boost Target	Neutral	$62.00 ➝ $71.00	High
10/25/2021	KeyCorp	Boost Target	Overweight	$64.80 ➝ $74.00	High
10/18/2021	Mizuho	Boost Target	Neutral	$58.00 ➝ $62.00	High
10/13/2021	Barclays	Boost Target	Equal Weight	$61.00 ➝ $64.00	Low
10/12/2021	Morgan Stanley	Boost Target	Equal Weight	$46.00 ➝ $59.00	Low
10/4/2021	Wells Fargo & Company	Initiated Coverage	Overweight	$76.00	High
9/28/2021	Cowen	Boost Target	Outperform	$67.00 ➝ $77.00	High
9/28/2021	The Goldman Sachs Group	Reiterated Rating	Buy		High
9/21/2021	Colliers Securities	Reiterated Rating	Buy	$70.00	Low
9/21/2021	Stifel Nicolaus	Initiated Coverage	Buy	$71.00	Low
9/16/2021	BMO Capital Markets	Boost Target	Market Perform	$60.00 ➝ $67.00	Low
9/15/2021	Mizuho	Boost Target	Neutral	$52.00 ➝ $58.00	Low
8/30/2021	Wedbush	Boost Target	Outperform	$62.00 ➝ $70.00	Low
8/13/2021	BTIG Research	Boost Target	Positive ➝ Buy	$61.00 ➝ $69.00	Low
7/30/2021	Morgan Stanley	Boost Target	Equal Weight	$37.40 ➝ $46.00	High
7/30/2021	Wedbush	Boost Target	Outperform	$48.00 ➝ $62.00	High
7/30/2021	BMO Capital Markets	Boost Target	Market Perform	$55.00 ➝ $60.00	High
7/30/2021	BTIG Research	Boost Target	Buy	$58.20 ➝ $61.00	High
7/30/2021	Cowen	Boost Target	Outperform	$61.00 ➝ $67.00	Low
7/30/2021	Raymond James	Boost Target	Outperform	$56.00 ➝ $59.00	Medium
7/30/2021	Royal Bank of Canada	Boost Target	Sector Perform	$41.60 ➝ $49.60	Low
7/30/2021	KeyCorp	Boost Target	Positive ➝ Overweight	$59.40 ➝ $64.80	Low
7/30/2021	Deutsche Bank Aktiengesellschaft	Boost Target	Hold	$48.40 ➝ $50.00	Low
7/30/2021	Mizuho	Boost Target	Neutral	$50.00 ➝ $52.00	Low
7/22/2021	Cowen	Boost Target	Outperform	$54.00 ➝ $61.00	Medium
7/22/2021	KeyCorp	Boost Target	Overweight	$48.00 ➝ $59.40	Medium
7/20/2021	BTIG Research	Boost Target	Positive ➝ Buy	$48.00 ➝ $58.20	Medium
7/19/2021	Raymond James	Boost Target	Outperform	$45.00 ➝ $56.00	Low
7/16/2021	Mizuho	Boost Target	Hold ➝ Neutral	$41.60 ➝ $50.00	Low
7/15/2021	Barclays	Boost Target	Equal Weight	$46.00 ➝ $52.00	Low
7/12/2021	Deutsche Bank Aktiengesellschaft	Boost Target	Hold	$38.00 ➝ $48.40	Low
7/9/2021	Piper Sandler	Boost Target	Neutral	$41.00 ➝ $53.00	Low
6/29/2021	Monness Crespi & Hardt	Downgrade	Buy ➝ Neutral		Low
6/21/2021	Cowen	Boost Target	Outperform	$50.00 ➝ $54.00	Low
5/26/2021	Cowen	Initiated Coverage	Outperform	$46.00	Low
4/30/2021	BMO Capital Markets	Boost Target	Market Perform	$42.80 ➝ $45.40	High
4/30/2021	Morgan Stanley	Boost Target	Equal Weight	$34.00 ➝ $37.40	High
4/30/2021	DA Davidson	Boost Target	Buy	$40.00 ➝ $46.00	High
4/30/2021	Raymond James	Boost Target	Outperform	$40.00 ➝ $45.00	High
4/30/2021	Royal Bank of Canada	Boost Target	Sector Perform	$35.00 ➝ $41.60	High
4/30/2021	Mizuho	Boost Target	Neutral	$36.00 ➝ $41.60	High
4/29/2021	KeyCorp	Boost Target	Overweight	$46.60 ➝ $48.00	High
4/23/2021	KeyCorp	Boost Target	Overweight	$39.00 ➝ $46.60	Low
4/21/2021	Monness Crespi & Hardt	Boost Target	Buy	$39.00 ➝ $45.00	Low
4/19/2021	BTIG Research	Boost Target	Buy	$41.00 ➝ $48.00	Low
4/16/2021	Barclays	Boost Target	Equal Weight	$40.40 ➝ $42.00	Low
3/10/2021	Mizuho	Boost Target		$33.40 ➝ $36.00	Medium
3/10/2021	Barclays	Boost Target	Equal Weight	$34.60 ➝ $40.40	Medium
3/10/2021	BTIG Research	Boost Target	Buy	$36.60 ➝ $41.00	Medium
3/10/2021	DA Davidson	Boost Target	Buy	$36.00 ➝ $40.00	Medium
3/10/2021	BMO Capital Markets	Boost Target	Market Perform	$36.00 ➝ $39.00	Medium
3/10/2021	Royal Bank of Canada	Boost Target	Sector Perform	$32.40 ➝ $35.00	Medium
3/10/2021	Morgan Stanley	Boost Target	Equal Weight	$27.80 ➝ $34.00	Low
3/10/2021	Raymond James	Boost Target	Outperform	$35.00 ➝ $40.00	High
3/10/2021	Monness Crespi & Hardt	Boost Target	Buy	$35.00 ➝ $39.00	High
3/10/2021	KeyCorp	Boost Target	Overweight	$37.00 ➝ $39.00	High
3/10/2021	Piper Sandler	Boost Target	Neutral	$30.00 ➝ $35.00	High
2/11/2021	Oppenheimer	Reiterated Rating	Outperform	$38.00	Low
2/5/2021	Citigroup	Lower Target	Sell	$22.00 ➝ $20.80	Low
2/5/2021	Morgan Stanley	Boost Target	Equal Weight	$25.40 ➝ $27.80	Medium
2/5/2021	Monness Crespi & Hardt	Boost Target	Buy	$31.00 ➝ $35.00	Medium
2/5/2021	Raymond James	Boost Target	Outperform	$31.00 ➝ $35.00	Medium
2/5/2021	Royal Bank of Canada	Boost Target	Positive ➝ Sector Perform	$27.20 ➝ $32.40	Medium
2/5/2021	Mizuho	Boost Target	Neutral	$32.00 ➝ $33.40	Medium
2/5/2021	Barclays	Boost Target	Equal Weight	$30.00 ➝ $34.60	Medium
2/5/2021	Pritchard Capital	Lower Target	Sell	$22.00 ➝ $20.80	Medium
1/22/2021	BTIG Research	Upgrade	Neutral ➝ Buy	$35.60	Low
1/14/2021	OTR Global	Upgrade	Positive		Low
1/13/2021	Oppenheimer	Boost Target	Outperform	$32.00 ➝ $38.00	High
1/12/2021	Mizuho	Boost Target	Neutral	$26.00 ➝ $32.00	High
1/12/2021	DA Davidson	Upgrade	Neutral ➝ Buy	$26.00 ➝ $34.00	High
1/8/2021	The Goldman Sachs Group	Boost Target	Buy	$30.40 ➝ $33.80	High
1/4/2021	Piper Sandler	Downgrade	Overweight ➝ Neutral	$30.00	N/A
12/16/2020	Mizuho	Boost Target	Neutral	$26.00 ➝ $28.00	Low
12/9/2020	Edward Jones	Initiated Coverage	Buy		Medium
12/9/2020	JPMorgan Chase & Co.	Downgrade	Neutral ➝ Underweight	$28.00	High
11/23/2020	KeyCorp	Initiated Coverage	Sector Weight ➝ Sector Weight		High
10/30/2020	Credit Suisse Group	Boost Target	Neutral	$26.00 ➝ $27.00	High
10/30/2020	Morgan Stanley	Boost Target	Equal Weight	$24.80 ➝ $25.20	High
10/20/2020	The Goldman Sachs Group	Upgrade	Neutral ➝ Buy	$28.60 ➝ $30.00	Medium
10/15/2020	Mizuho	Boost Target	Neutral	$24.60 ➝ $26.00	High
9/21/2020	Oppenheimer	Reiterated Rating	Buy	$32.00	High
8/26/2020	UBS Group	Boost Target		$26.80 ➝ $28.00	Low
8/20/2020	Deutsche Bank Aktiengesellschaft	Initiated Coverage	Hold	$26.20	High
8/11/2020	Oppenheimer	Initiated Coverage	Buy	$32.00	Low
8/10/2020	Citigroup	Boost Target	Sell	$18.40 ➝ $20.40	Medium
8/7/2020	Credit Suisse Group	Boost Target	Neutral	$22.00 ➝ $26.00	High
8/7/2020	UBS Group	Boost Target	In-Line ➝ Neutral	$24.40 ➝ $26.80	Medium
7/21/2020	Oppenheimer	Reiterated Rating	Buy		Medium
7/15/2020	OTR Global	Downgrade	Positive		Low
7/15/2020	The Goldman Sachs Group	Downgrade	Buy ➝ Neutral	$25.80 ➝ $28.00	Medium
7/14/2020	Morgan Stanley	Boost Target	Equal Weight	$23.20 ➝ $24.80	Medium
7/7/2020	JPMorgan Chase & Co.	Downgrade	Overweight ➝ Neutral	$27.00	Low
6/29/2020	Oppenheimer	Reiterated Rating	Buy	$32.00	High
6/24/2020	Monness Crespi & Hardt	Boost Target	Buy	$28.00 ➝ $31.00	High
6/16/2020	Piper Sandler	Boost Target	Overweight	$25.00 ➝ $29.20	Low
6/3/2020	Wedbush	Boost Target	Positive ➝ Outperform	$30.00 ➝ $34.00	Medium
5/20/2020	Oppenheimer	Boost Target	Outperform	$29.00 ➝ $32.00	Low
5/13/2020	Mizuho	Reiterated Rating	Hold	$24.60	Low
5/13/2020	Oppenheimer	Boost Target	Outperform	$27.00 ➝ $29.00	Low
5/8/2020	Citigroup	Boost Target	Sell	$17.60 ➝ $18.40	Low
5/7/2020	Mizuho	Boost Target	Neutral	$23.20 ➝ $24.60	Medium
5/7/2020	Robert W. Baird	Boost Target	Neutral	$21.00 ➝ $24.00	Medium
5/7/2020	UBS Group	Boost Target	Neutral	$23.00 ➝ $24.40	Medium
5/7/2020	Bank of America	Reiterated Rating	Buy	$24.00 ➝ $28.00	Medium
5/7/2020	DA Davidson	Boost Target	Neutral	$18.00 ➝ $22.00	Medium
5/7/2020	Barclays	Boost Target	Equal Weight	$24.40 ➝ $26.40	High
5/7/2020	Raymond James	Boost Target	Outperform	$23.00 ➝ $26.60	High
5/7/2020	Credit Suisse Group	Boost Target	Neutral	$20.00 ➝ $22.00	High
5/7/2020	Morgan Stanley	Boost Target	Equal Weight	$20.00 ➝ $23.20	High
5/7/2020	Monness Crespi & Hardt	Boost Target	Buy	$26.60 ➝ $28.00	High
5/7/2020	Oppenheimer	Boost Target	Outperform	$23.00 ➝ $27.00	High
5/7/2020	Piper Sandler	Boost Target	Overweight	$22.00 ➝ $25.00	High
5/4/2020	Evercore ISI	Initiated Coverage	Outperform	$25.60	Medium
4/21/2020	Cowen	Lower Target	Market Perform	$23.00 ➝ $21.00	High
4/14/2020	Barclays	Reiterated Rating	Hold	$24.40	Medium
4/3/2020	Raymond James	Lower Target	Outperform	$27.20 ➝ $23.00	Medium
3/27/2020	BTIG Research	Initiated Coverage	Neutral		Low
3/25/2020	Morgan Stanley	Lower Target	Equal Weight	$24.00 ➝ $20.00	Medium
3/20/2020	The Goldman Sachs Group	Lower Target	Buy	$27.00 ➝ $19.20	Medium
3/17/2020	DA Davidson	Downgrade	Buy ➝ Neutral	$28.00 ➝ $18.00	High
2/12/2020	Cfra	Boost Target	Hold	$19.00 ➝ $25.00	Low
2/7/2020	Piper Sandler	Boost Target	Overweight	$25.20 ➝ $27.00	Low
2/7/2020	Morgan Stanley	Boost Target	Equal Weight	$22.20 ➝ $24.00	Medium
2/7/2020	Monness Crespi & Hardt	Boost Target	Buy	$24.00 ➝ $26.60	High
2/7/2020	Wedbush	Boost Target	Buy	$26.00 ➝ $30.00	High
2/7/2020	Credit Suisse Group	Boost Target	Neutral	$19.00 ➝ $23.00	High
2/3/2020	Northland Securities	Boost Target	Outperform	$20.00 ➝ $27.00	Low
2/3/2020	BMO Capital Markets	Boost Target	Market Perform	$23.00 ➝ $26.40	Low
1/22/2020	Raymond James	Upgrade	Market Perform ➝ Outperform	$26.60	Medium
1/13/2020	DA Davidson	Initiated Coverage	Buy	$26.00	Low
1/13/2020	Oppenheimer	Boost Target	Outperform	$22.00 ➝ $26.00	Medium
11/20/2019	BMO Capital Markets	Boost Target	Market Perform	$23.00	Low
11/19/2019	Royal Bank of Canada	Reiterated Rating	Sector Perform ➝ Neutral	$20.00 ➝ $21.80	Low
11/19/2019	Morgan Stanley	Boost Target	Equal Weight	$16.40 ➝ $19.20	Low
11/19/2019	Monness Crespi & Hardt	Boost Target	Buy	$22.00 ➝ $24.00	Medium
11/19/2019	Cowen	Boost Target	Market Perform	$17.60 ➝ $21.00	Medium
11/19/2019	Wedbush	Boost Target		$22.00 ➝ $26.00	Medium
11/19/2019	Mizuho	Boost Target	Neutral	$18.40 ➝ $20.40	Medium
11/19/2019	Barclays	Boost Target	Equal Weight	$21.00 ➝ $23.60	Medium
11/18/2019	FBN Securities	Reiterated Rating	Outperform		Medium
11/15/2019	Credit Suisse Group	Upgrade	Underperform ➝ Neutral	$15.80 ➝ $19.00	Low
11/12/2019	The Goldman Sachs Group	Initiated Coverage	Buy	$22.60	Medium
11/8/2019	Piper Jaffray Companies	Initiated Coverage	Overweight	$23.20	Low
11/4/2019	Evercore ISI	Set Target	Hold	$18.00	Medium
11/1/2019	FBN Securities	Set Target	Buy	$23.00	N/A
11/1/2019	Barclays	Set Target	Hold	$21.00	N/A
11/1/2019	JPMorgan Chase & Co.	Set Target	Buy	$21.60 ➝ $22.20	Medium
11/1/2019	Deutsche Bank Aktiengesellschaft	Set Target	Hold	$17.40 ➝ $19.40	Medium
11/1/2019	Morgan Stanley	Set Target	Hold	$15.80 ➝ $16.40	Medium
11/1/2019	Monness Crespi & Hardt	Boost Target	Buy	$20.40 ➝ $22.00	High
11/1/2019	BMO Capital Markets	Boost Target	Market Perform	$20.00 ➝ $20.80	High
11/1/2019	Mizuho	Boost Target	Neutral	$17.20 ➝ $18.40	High
9/15/2019	Robert W. Baird	Set Target	Hold	$20.00	Medium
8/4/2019	Barclays	Reiterated Rating	Hold	$19.80	High
8/2/2019	Morgan Stanley	Boost Target	Equal Weight	$15.40 ➝ $15.80	Medium
8/2/2019	Citigroup	Boost Target	Sell	$15.60 ➝ $16.00	Medium
8/2/2019	Monness Crespi & Hardt	Reiterated Rating	Buy ➝ Buy	$19.40 ➝ $20.40	High
8/2/2019	Bank of America	Upgrade	Neutral ➝ Buy		High
8/2/2019	Robert W. Baird	Reiterated Rating	Hold	$20.00	High
6/24/2019	JPMorgan Chase & Co.	Upgrade	Neutral ➝ Overweight	$18.60	High
6/11/2019	Morgan Stanley	Lower Target	Equal Weight	$16.80 ➝ $15.40	Medium
5/23/2019	Cowen	Initiated Coverage	Market Perform ➝ Market Perform	$17.00	High
5/7/2019	Evercore ISI	Reiterated Rating	Hold	$16.00	High
5/3/2019	Monness Crespi & Hardt	Reiterated Rating	Buy ➝ Buy	$19.00 ➝ $19.40	Medium
5/3/2019	Citigroup	Downgrade	Neutral ➝ Sell	$16.80 ➝ $15.60	Medium
5/3/2019	Northland Securities	Reiterated Rating	Buy	$20.00	High
4/16/2019	Stifel Nicolaus	Boost Target	Hold ➝ Hold	$17.00 ➝ $19.00	Medium
4/15/2019	OTR Global	Upgrade	Positive		Low
3/26/2019	Mizuho	Initiated Coverage	Neutral ➝ Neutral	$18.00	High
2/8/2019	First Analysis	Upgrade	Neutral ➝ Outperform	$16.00 ➝ $18.40	Medium
2/7/2019	Credit Suisse Group	Boost Target	Underperform	$12.00 ➝ $14.00	High
2/7/2019	Oppenheimer	Boost Target	Outperform	$17.60 ➝ $19.40	High
2/7/2019	Gabelli	Downgrade	Buy ➝ Hold		High
2/7/2019	BMO Capital Markets	Reiterated Rating	Market Perform ➝ Market Perform	$15.60 ➝ $18.00	High
1/22/2019	BMO Capital Markets	Downgrade	Outperform ➝ Market Perform	$18.00 ➝ $15.60	Medium
1/18/2019	OTR Global	Downgrade	Positive		Low
1/7/2019	Oppenheimer	Lower Target		$19.40 ➝ $17.60	Low
1/4/2019	The Goldman Sachs Group	Downgrade	Buy ➝ Sell	$19.00 ➝ $11.80	High
12/10/2018	Guggenheim	Initiated Coverage	Neutral	$14.40	Low
11/26/2018	Raymond James	Upgrade	Market Perform ➝ Outperform		High
11/20/2018	Raymond James	Upgrade	Market Perform ➝ Outperform		Medium
11/5/2018	Dougherty & Co	Upgrade	Neutral ➝ Buy	$17.00	Medium
11/4/2018	Barclays	Reiterated Rating	Hold	$18.00	Medium
11/2/2018	JPMorgan Chase & Co.	Boost Target	Neutral ➝ Neutral	$15.20 ➝ $18.60	Low
11/2/2018	Citigroup	Boost Target	Neutral ➝ Neutral	$14.20 ➝ $16.80	Low
11/2/2018	BMO Capital Markets	Boost Target	Outperform ➝ Outperform	$15.20 ➝ $18.00	Low
11/2/2018	Royal Bank of Canada	Boost Target	Sector Perform	$15.20	High
11/2/2018	Monness Crespi & Hardt	Boost Target	Buy ➝ Buy	$15.20 ➝ $18.20	High
10/18/2018	Wedbush	Initiated Coverage	Outperform ➝ Outperform	$20.00	Low
10/18/2018	Robert W. Baird	Reiterated Rating	Neutral ➝ Neutral		Low
9/26/2018	Oppenheimer	Boost Target	Outperform	$16.40 ➝ $19.40	High
9/25/2018	The Goldman Sachs Group	Set Target	Buy	$19.00	Medium
9/20/2018	Bank of America	Downgrade	Buy ➝ Neutral	$15.40 ➝ $19.00	Low
9/18/2018	UBS Group	Downgrade	Buy ➝ Neutral	$16.00 ➝ $18.00	Medium
8/3/2018	Morgan Stanley	Boost Target	Equal Weight ➝ Hold	$11.00 ➝ $13.40	Low
8/2/2018	Bank of America	Boost Target	Buy ➝ Buy	$14.00 ➝ $15.40	High
8/2/2018	Citigroup	Boost Target	Neutral ➝ Neutral	$11.20 ➝ $14.20	High
8/2/2018	Piper Jaffray Companies	Boost Target	Overweight	$12.80 ➝ $16.00	High
8/2/2018	Susquehanna Bancshares	Boost Target	Neutral ➝ Neutral	$12.20 ➝ $13.60	High
8/2/2018	Barclays	Boost Target	Equal Weight ➝ Equal Weight	$12.60 ➝ $15.00	High
8/2/2018	Oppenheimer	Boost Target	Outperform	$14.00 ➝ $16.40	High
8/2/2018	Credit Suisse Group	Boost Target	Underperform ➝ Underperform	$8.60 ➝ $10.40	High
8/2/2018	Stifel Nicolaus	Boost Target	Hold ➝ Buy	$12.00 ➝ $14.40	High
8/2/2018	Royal Bank of Canada	Boost Target	Sector Perform	$13.80	High
8/2/2018	JPMorgan Chase & Co.	Boost Target	Neutral	$15.20	High
8/2/2018	BMO Capital Markets	Reiterated Rating	Outperform ➝ Outperform	$12.20 ➝ $15.20	High
7/31/2018	Monness Crespi & Hardt	Boost Target	Buy	$12.80 ➝ $14.00	Low
6/19/2018	Cowen	Downgrade	Outperform ➝ Market Perform		Low
6/11/2018	Bank of America	Boost Target	Buy ➝ Buy	$12.80 ➝ $14.00	Low
5/21/2018	UBS Group	Boost Target	Buy ➝ Buy	$12.80 ➝ $13.40	Low
5/4/2018	Bank of America	Boost Target	Buy ➝ Buy	$12.60 ➝ $12.80	Low
5/4/2018	Morgan Stanley	Set Target	Equal Weight ➝ Hold	$10.60 ➝ $11.00	Low
5/4/2018	Credit Suisse Group	Boost Target	Underperform ➝ Underperform	$7.40 ➝ $8.60	Low
5/4/2018	Deutsche Bank Aktiengesellschaft	Boost Target	Hold ➝ Hold	$9.40 ➝ $12.20	Low
5/4/2018	Stifel Nicolaus	Boost Target	Hold ➝ Hold	$9.20 ➝ $12.00	High
5/4/2018	Monness Crespi & Hardt	Boost Target	Buy ➝ Buy	$12.00 ➝ $12.80	High
5/4/2018	Piper Jaffray Companies	Reiterated Rating	Overweight	$12.80	High
5/4/2018	JPMorgan Chase & Co.	Boost Target	Neutral	$11.60	High
5/4/2018	BMO Capital Markets	Boost Target	Outperform ➝ Outperform	$11.60 ➝ $12.20	High
5/4/2018	Evercore ISI	Reiterated Rating	Hold	$10.60	High
4/24/2018	Bank of America	Boost Target	Buy ➝ Buy	$11.40 ➝ $12.60	High
4/16/2018	Citigroup	Boost Target	Neutral ➝ Neutral	$9.00 ➝ $11.20	Low
4/11/2018	Morgan Stanley	Downgrade	Overweight ➝ Equal Weight	$10.60	High
3/29/2018	BMO Capital Markets	Reiterated Rating	Outperform ➝ Outperform	$10.00 ➝ $11.60	High
3/27/2018	Oppenheimer	Boost Target	Outperform	$11.00 ➝ $12.00	High
3/22/2018	KeyCorp	Reiterated Rating	Equal Weight		Low
3/21/2018	UBS Group	Boost Target	Buy ➝ Buy	$10.00 ➝ $12.40	Medium
2/28/2018	Oppenheimer	Boost Target	Outperform	$10.00 ➝ $11.00	Low
2/28/2018	Monness Crespi & Hardt	Reiterated Rating	Buy ➝ Buy	$10.00 ➝ $11.20	High
2/28/2018	Credit Suisse Group	Reiterated Rating	Sell	$7.40	Medium
2/28/2018	Piper Jaffray Companies	Reiterated Rating	Overweight	$11.40	Medium
2/6/2018	Bank of America	Boost Target	Buy ➝ Buy	$9.60 ➝ $9.80	High
2/6/2018	Morgan Stanley	Boost Target	Overweight ➝ Overweight	$10.20 ➝ $10.60	High
2/6/2018	Credit Suisse Group	Boost Target	Underperform ➝ Underperform	$6.60 ➝ $7.40	High
2/6/2018	Royal Bank of Canada	Boost Target	Sector Perform	$9.20	High
2/6/2018	Citigroup	Boost Target	Neutral ➝ Neutral	$8.20 ➝ $9.00	High
2/6/2018	Barclays	Boost Target	Equal Weight ➝ Equal Weight	$9.60 ➝ $10.00	High
2/6/2018	Stifel Nicolaus	Boost Target	Hold ➝ Hold	$8.40 ➝ $9.20	High
2/6/2018	BMO Capital Markets	Boost Target	Outperform ➝ Outperform	$9.00 ➝ $10.00	High
2/6/2018	Robert W. Baird	Reiterated Rating	Buy	$11.20	High
2/5/2018	Evercore ISI	Set Target	Hold	$8.40	High
2/1/2018	Dougherty & Co	Downgrade	Buy ➝ Neutral		Low

(Data available from 1/29/2018 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

2 very positive mentions
27 positive mentions
3 negative mentions
1 very negative mentions

Mentions as of

7/3/2022

10 very positive mentions
12 positive mentions
4 negative mentions
0 very negative mentions

Mentions as of

8/2/2022

16 very positive mentions
49 positive mentions
7 negative mentions
1 very negative mentions

Mentions as of

9/1/2022

11 very positive mentions
31 positive mentions
6 negative mentions
0 very negative mentions

Mentions as of

10/1/2022

10 very positive mentions
19 positive mentions
2 negative mentions
0 very negative mentions

Mentions as of

10/31/2022

7 very positive mentions
34 positive mentions
4 negative mentions
0 very negative mentions

Mentions as of

11/30/2022

14 very positive mentions
9 positive mentions
0 negative mentions
0 very negative mentions

Mentions as of

12/30/2022

21 very positive mentions
9 positive mentions
9 negative mentions
0 very negative mentions

Mentions as of

1/29/2023

Current Sentiment

Recent Stories by Sentiment

Very Negative

No very negative mentions tracked during this time.

Fortinet, Inc. provides cybersecurity solutions to a variety of businesses, such as enterprises, communication service providers and small businesses. It operates through the following segments: Network Security, Infrastructure Security, Cloud Security, and Endpoint Protection, Internet of Things and Operational Technology. The Network Security segment includes the majority of product sales from its FortiGate network security appliances. The Infrastructure Security segment provides a platform, which is an architectural approach that protects the entire digital attack surface, including network core, endpoints, applications, data centers and private and public clouds. Together with its network of Fabric-Ready Partners, the Fortinet Security Fabric platform enables disparate security devices to work together as an integrated, automated, and collaborative solution. The Cloud Security segment provides help to customers to connect securely to and across their cloud environments by offering security through its virtual firewall and other software products in public and private cloud environments. The Endpoint Protection, Internet of Things and Operational Technology segment includes the

Today's Range

Now: $52.70

$51.71

$53.13

50 Day Range

MA: $50.75

$47.45

$55.38

52 Week Range

Now: $52.70

$42.61

$71.52

Volume

5,257,089 shs

Average Volume

4,586,910 shs

Market Capitalization

$41.17 billion

P/E Ratio

58.17

Dividend Yield

N/A

Beta

1.13

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: Atlantic Securities, Bank of America Co., Barclays PLC, BMO Capital Markets, BTIG Research, Cantor Fitzgerald, Citigroup Inc., Deutsche Bank Aktiengesellschaft, Evercore ISI, Guggenheim, Jefferies Financial Group Inc., JPMorgan Chase & Co., KeyCorp, Mizuho, MKM Partners, Morgan Stanley, Oppenheimer Holdings Inc., Piper Sandler, Raymond James, Robert W. Baird, Royal Bank of Canada, Scotiabank, StockNews.com, Sumitomo Mitsui Financial Group, Inc., The Goldman Sachs Group, Inc., TheStreet, UBS Group AG, Wedbush, and Wells Fargo & Company.
View the latest analyst ratings for FTNT.
What is the current price target for Fortinet?: 26 Wall Street analysts have set twelve-month price targets for Fortinet in the last year. Their average twelve-month price target is $66.15, suggesting a possible upside of 25.5%. The Goldman Sachs Group, Inc. has the highest price target set, predicting FTNT will reach $78.00 in the next twelve months. Deutsche Bank Aktiengesellschaft has the lowest price target set, forecasting a price of $53.00 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 8 hold ratings and 17 buy ratings from Wall Street analysts. The stock has a consensus analyst rating of "Buy." A "buy" rating indicates that analysts believe FTNT will outperform the market and that investors should add to their positions of Fortinet.
View the latest ratings for FTNT.
What other companies compete with Fortinet?: Other companies that are similar to Fortinet include Palo Alto Networks, MSCI, STMicroelectronics, TE Connectivity and Microchip Technology. Learn More about companies similar to 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.

Fortinet - FTNT Stock Price Target and Predictions

Analyst Price Target for FTNT

Current Consensus is Buy

Past Monthly Recommendations

Latest Recommendations

News Sentiment Rating

0.74 (Buy)

News Sentiment Over Time

Current Sentiment

Recent Stories by Sentiment

Very Negative

Negative

Positive

Very Positive

Today's Range

50 Day Range

52 Week Range

Volume

Average Volume

Market Capitalization

P/E Ratio

Dividend Yield

Beta

Frequently Asked Questions

What sell-side analysts currently cover shares of Fortinet?

What is the current price target for Fortinet?

What is the current consensus analyst rating for Fortinet?

What other companies compete with Fortinet?

How do I contact Fortinet's investor relations team?