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MU   84.88 (-0.34%)
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GE   139.07 (+0.41%)
DIS   110.54 (+11.50%)
AMC   4.09 (+3.81%)
PFE   27.56 (+0.00%)
PYPL   56.13 (-11.24%)
XOM   103.97 (+1.71%)
QQQ   432.79 (+0.19%)
AAPL   188.32 (-0.58%)
MSFT   414.11 (+0.01%)
META   470.00 (+0.09%)
GOOGL   145.91 (+0.25%)
AMZN   169.84 (-0.40%)
TSLA   189.56 (+1.06%)
NVDA   696.41 (-0.65%)
NIO   5.82 (-0.68%)
AMD   169.35 (-0.93%)
BABA   70.74 (-3.94%)
T   16.82 (-2.94%)
F   12.83 (+0.23%)
MU   84.88 (-0.34%)
CGC   4.11 (-4.86%)
GE   139.07 (+0.41%)
DIS   110.54 (+11.50%)
AMC   4.09 (+3.81%)
PFE   27.56 (+0.00%)
PYPL   56.13 (-11.24%)
XOM   103.97 (+1.71%)

Fortinet (FTNT) Stock Forecast & Price Target

$67.85
-2.18 (-3.11%)
(As of 02/8/2024 ET)

Fortinet Consensus Analyst Rating and Stock Price Forecast (2024)

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.

Analysts' Consensus Rating

Hold
Based on 34 Analyst Ratings

Analysts' Consensus Price Target

$71.36
5.18% Upside
High Forecast$90.00
Average Forecast$71.36
Low Forecast$50.00
TypeCurrent Forecast
2/8/23 to 2/8/24
1 Month Ago
1/9/23 to 1/9/24
3 Months Ago
11/10/22 to 11/10/23
1 Year Ago
2/8/22 to 2/8/23
Consensus Rating
Hold
Hold
Hold
Moderate Buy
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
11 Buy rating(s)
15 Buy rating(s)
17 Buy rating(s)
20 Buy rating(s)
Hold
21 Hold rating(s)
21 Hold rating(s)
19 Hold rating(s)
9 Hold rating(s)
Sell
2 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$71.36$65.42$65.77$68.64
Predicted Upside5.18% Upside11.94% Upside11.99% Upside26.11% 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.
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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.
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Fortinet Stock vs. The Competition

TypeFortinetComputer and Technology CompaniesS&P 500
Consensus Rating Score
2.26
2.57
2.48
Consensus RatingHoldModerate BuyHold
Predicted Upside5.18% Upside164.82% Upside8.87% Upside
News Sentiment RatingPositive News
Neutral News
Positive News

Recent Analyst Ratings and Stock Forecasts

DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
2/8/2024The Goldman Sachs Group
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 Boost TargetBuy ➝ Buy$60.00 ➝ $85.00+22.20%
2/8/2024DZ Bank
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 DowngradeHold ➝ Sell$60.00-14.32%
2/7/2024Stifel Nicolaus
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 Boost TargetHold ➝ Hold$52.00 ➝ $78.00+11.38%
2/7/2024Truist Financial
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 Boost TargetBuy ➝ Buy$60.00 ➝ $80.00+14.24%
2/7/2024Morgan Stanley
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 Boost TargetOverweight ➝ Overweight$77.00 ➝ $81.00+16.61%
2/7/2024Cantor Fitzgerald
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J. Ruykhaver
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Reiterated RatingNeutral$50.00 ➝ $75.00+9.41%
2/7/2024Scotiabank
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 Boost TargetSector Outperform ➝ Sector Outperform$70.00 ➝ $90.00+31.29%
2/7/2024Royal Bank of Canada
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 Boost TargetSector Perform ➝ Sector Perform$60.00 ➝ $71.00+3.98%
2/7/2024Wells Fargo & Company
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 Boost TargetEqual Weight ➝ Equal Weight$65.00 ➝ $70.00+0.78%
2/7/2024Susquehanna
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 Boost TargetNeutral ➝ Neutral$55.00 ➝ $80.00+8.11%
2/7/2024BMO Capital Markets
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 Boost TargetMarket Perform ➝ Market Perform$70.00 ➝ $82.00+10.81%
2/7/2024Mizuho
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 Boost TargetNeutral ➝ Neutral$60.00 ➝ $70.00+3.73%
2/7/2024Wedbush
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 Boost TargetOutperform ➝ Outperform$75.00 ➝ $86.00+27.45%
2/7/2024Rosenblatt Securities
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 Boost TargetBuy ➝ Buy$65.00 ➝ $85.00+25.96%
2/7/2024HSBC
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 DowngradeHold ➝ Reduce$57.00-15.53%
1/18/2024Sanford C. Bernstein
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 Initiated CoverageMarket Perform$65.00+7.23%
1/17/2024Daiwa Capital Markets
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 DowngradeBuy ➝ Neutral$62.00
1/17/2024Capital One Financial
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 DowngradeOverweight ➝ Equal Weight
1/10/2024UBS Group
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 Boost TargetNeutral ➝ Neutral$55.00 ➝ $65.00+9.43%
1/9/2024Citigroup
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 DowngradeBuy ➝ Neutral$60.00 ➝ $62.00+2.63%
12/11/2023JPMorgan Chase & Co.
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 Boost TargetNeutral ➝ Neutral$52.00 ➝ $56.00+4.59%
11/3/2023Piper Sandler
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 Lower TargetNeutral ➝ Neutral$65.00 ➝ $50.00-0.95%
11/3/2023William Blair
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 DowngradeOutperform ➝ Market Perform
11/3/2023Evercore ISI
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 Reiterated RatingOutperform ➝ In-Line$78.00 ➝ $51.00-11.44%
11/3/2023Oppenheimer
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 Reiterated RatingOutperform ➝ Market Perform
10/25/2023Needham & Company LLC
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 Initiated CoverageHold
10/19/2023Jefferies Financial Group
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 DowngradeBuy ➝ Hold$85.00 ➝ $65.00+12.71%
10/13/2023Barclays
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 Reiterated RatingOverweight ➝ Equal Weight$71.00 ➝ $63.00+8.62%
8/7/2023Guggenheim
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 UpgradeNeutral ➝ Buy$70.00+23.30%
8/4/2023Raymond James
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 Lower TargetOutperform ➝ Outperform$75.00 ➝ $70.00-7.60%
8/4/2023Robert W. Baird
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 Lower TargetOutperform ➝ Outperform$93.00 ➝ $84.00+10.88%
8/4/2023TD Cowen
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 DowngradeOutperform ➝ Market Perform$90.00 ➝ $70.00-7.60%
6/16/2023Bank of America
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 Boost Target$75.00 ➝ $83.00+12.79%
5/5/2023Deutsche Bank Aktiengesellschaft
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 Boost Target$63.00 ➝ $65.00+0.99%
2/9/2023Loop Capital
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 Boost Target$66.00 ➝ $80.00+34.14%
2/8/2023Roth Capital
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C. Trebnick
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Reiterated RatingBuy
2/8/2023MKM Partners
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Catharine Trebnick
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Boost Target$65.00 ➝ $70.00+30.16%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 08:26 PM ET.












FTNT Price Target - Frequently Asked Questions

What is Fortinet's consensus rating and price target?

According to the issued ratings of 34 analysts in the last year, the consensus rating for Fortinet stock is Hold based on the current 2 sell ratings, 21 hold ratings and 11 buy ratings for FTNT. The average twelve-month price prediction for Fortinet is $71.36 with a high price target of $90.00 and a low price target of $50.00. Learn more on FTNT's analyst rating history.

Do Wall Street analysts like Fortinet more than its competitors?

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

Is Fortinet being downgraded by Wall Street analysts?

Over the previous 90 days, Fortinet's stock had 6 downgrades by analysts.

Does Fortinet's stock price have much upside?

According to analysts, Fortinet's stock has a predicted upside of 8.69% based on their 12-month stock forecasts.


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This page (NASDAQ:FTNT) was last updated on 2/8/2024 by MarketBeat.com Staff

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