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Fortinet Inc has a consensus price target of $93.52 based on the ratings of 33 analysts. The high is $115 issued by Keybanc on December 19, 2024. The low is $60 issued by DZ Bank on February 8, 2024. The 3 most-recent analyst ratings were released by Jefferies, Keybanc, and Stifel on December 19, 2024, December 19, 2024, and December 18, 2024, respectively. With an average price target of $107.67 between Jefferies, Keybanc, and Stifel, there's an implied 10.51% upside for Fortinet Inc from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Fortinet (NASDAQ:FTNT) was reported by Jefferies on December 19, 2024. The analyst firm set a price target for $105.00 expecting FTNT to rise to within 12 months (a possible 7.77% upside). 100 analyst firms have reported ratings in the last year.
The latest analyst rating for Fortinet (NASDAQ:FTNT) was provided by Jefferies, and Fortinet maintained their hold rating.
The last upgrade for Fortinet Inc happened on December 19, 2024 when Keybanc raised their price target to $115. Keybanc previously had a sector weight for Fortinet Inc.
The last downgrade for Fortinet Inc happened on October 17, 2024 when Mizuho changed their price target from $68 to $68 for Fortinet Inc.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Fortinet, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Fortinet was filed on December 19, 2024 so you should expect the next rating to be made available sometime around December 19, 2025.
While ratings are subjective and will change, the latest Fortinet (FTNT) rating was a maintained with a price target of $95.00 to $105.00. The current price Fortinet (FTNT) is trading at is $97.43, which is within the analyst’s predicted range.
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