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Fortinet
FTNTNASDAQ
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Fortinet (NASDAQ:FTNT) Stock, Analyst Ratings, Price Targets, Forecasts
Fortinet Inc has a consensus price target of $69.39 based on the ratings of 32 analysts. The high is $85 issued by Rosenblatt on June 11, 2024. The low is $50 issued by Cantor Fitzgerald on November 21, 2023. The 3 most-recent analyst ratings were released by TD Cowen, Morgan Stanley, and Barclays on July 18, 2024, July 17, 2024, and July 11, 2024, respectively. With an average price target of $71.33 between TD Cowen, Morgan Stanley, and Barclays, there's an implied 21.93% upside for Fortinet Inc from these most-recent analyst ratings.
Analyst Firms Making Recommendations1
TD Cowen
Morgan Stanley
Barclays
Guggenheim
Rosenblatt
1calculated from analyst ratings
Analyst Ratings for Fortinet
| Buy Now | Get Alert | |||||||
|---|---|---|---|---|---|---|---|---|
| 07/18/2024 | Buy Now | 28.2% | TD Cowen | Shaul Eyal | → $75 | Upgrade | Hold → Buy | Get Alert |
| 07/17/2024 | Buy Now | 17.94% | Morgan Stanley | Hamza Fodderwala | $73 → $69 | Maintains | Overweight | Get Alert |
| 07/11/2024 | Buy Now | 19.65% | Barclays | Saket Kalia | $75 → $70 | Maintains | Equal-Weight | Get Alert |
| 06/25/2024 | Buy Now | 38.46% | Guggenheim | Raymond McDonough | $81 → $81 | Reiterates | Buy → Buy | Get Alert |
| 06/11/2024 | Buy Now | 45.29% | Rosenblatt | Catharine Trebnick | $85 → $85 | Maintains | Buy | Get Alert |
| 06/11/2024 | Buy Now | — | Needham | Matt Dezort | — | Reiterates | → Hold | Get Alert |
| 05/22/2024 | Buy Now | 33.33% | Wedbush | Daniel Ives | → $78 | Reiterates | Outperform → Outperform | Get Alert |
| 05/06/2024 | Buy Now | 11.11% | Susquehanna | Shyam Patil | $80 → $65 | Maintains | Neutral | Get Alert |
| 05/03/2024 | Buy Now | 36.75% | Scotiabank | Patrick Colville | $90 → $80 | Maintains | Sector Outperform | Get Alert |
| 05/03/2024 | Buy Now | 7.69% | JP Morgan | Brian Essex | $67 → $63 | Maintains | Neutral | Get Alert |
| 05/03/2024 | Buy Now | -7.7% | HSBC | Stephen Bersey | $57 → $54 | Maintains | Reduce | Get Alert |
| 05/03/2024 | Buy Now | 5.98% | Wells Fargo | Andrew Nowinski | $70 → $62 | Maintains | Equal-Weight | Get Alert |
| 05/03/2024 | Buy Now | 16.23% | RBC Capital | Dan Bergstrom | $71 → $68 | Maintains | Sector Perform | Get Alert |
| 05/03/2024 | Buy Now | 24.78% | Morgan Stanley | Hamza Fodderwala | $81 → $73 | Maintains | Overweight | Get Alert |
| 05/03/2024 | Buy Now | 14.53% | Evercore ISI Group | Amit Daryanani | $72 → $67 | Maintains | In-Line | Get Alert |
| 05/03/2024 | Buy Now | 19.65% | BMO Capital | Keith Bachman | $82 → $70 | Maintains | Market Perform | Get Alert |
| 05/03/2024 | Buy Now | -5.99% | Cantor Fitzgerald | Yi Fu Lee | $65 → $55 | Maintains | Neutral | Get Alert |
| 05/03/2024 | Buy Now | 33.33% | Wedbush | Daniel Ives | $86 → $78 | Maintains | Outperform | Get Alert |
| 05/03/2024 | Buy Now | 28.2% | Barclays | Saket Kalia | $80 → $75 | Maintains | Equal-Weight | Get Alert |
| 05/03/2024 | Buy Now | 19.65% | Truist Securities | Joel Fishbein | $80 → $70 | Maintains | Buy | Get Alert |
| 05/03/2024 | Buy Now | 19.65% | Piper Sandler | Rob Owens | $75 → $70 | Maintains | Neutral | Get Alert |
| 05/03/2024 | Buy Now | 45.29% | Rosenblatt | Catharine Trebnick | $85 → $85 | Maintains | Buy | Get Alert |
| 05/03/2024 | Buy Now | 12.82% | Mizuho | Gregg Moskowitz | $70 → $66 | Maintains | Neutral | Get Alert |
| 05/03/2024 | Buy Now | — | Needham | Matt Dezort | — | Reiterates | → Hold | Get Alert |
| 05/03/2024 | Buy Now | 28.2% | Baird | Shrenik Kothari | $81 → $75 | Maintains | Outperform | Get Alert |
| 05/01/2024 | Buy Now | 47% | Wedbush | Daniel Ives | → $86 | Reiterates | Outperform → Outperform | Get Alert |
| 04/18/2024 | Buy Now | 19.65% | Jefferies | Joseph Gallo | $75 → $70 | Maintains | Hold | Get Alert |
| 04/17/2024 | Buy Now | 11.11% | Cantor Fitzgerald | Yi Fu Lee | → $65 | Reiterates | Neutral → Neutral | Get Alert |
| 04/03/2024 | Buy Now | 28.2% | Piper Sandler | Rob Owens | → $75 | Maintains | Neutral | Get Alert |
| 04/03/2024 | Buy Now | 36.75% | Susquehanna | Shyam Patil | $80 → $80 | Maintains | Neutral | Get Alert |
| 04/03/2024 | Buy Now | 45.29% | Rosenblatt | Catharine Trebnick | $85 → $85 | Maintains | Buy | Get Alert |
| 02/12/2024 | Buy Now | 11.11% | Cantor Fitzgerald | Yi Fu Lee | $75 → $65 | Maintains | Neutral | Get Alert |
| 02/08/2024 | Buy Now | 45.29% | Goldman Sachs | Gabriela Borges | $60 → $85 | Maintains | Buy | Get Alert |
| 02/08/2024 | Buy Now | 2.56% | DZ Bank | Markus Leistner | → $60 | Downgrade | Hold → Sell | Get Alert |
| 02/07/2024 | Buy Now | 33.33% | Stifel | Adam Borg | $52 → $78 | Maintains | Hold | Get Alert |
| 02/07/2024 | Buy Now | 36.75% | Truist Securities | Joel Fishbein | $60 → $80 | Maintains | Buy | Get Alert |
| 02/07/2024 | Buy Now | 38.46% | Morgan Stanley | Hamza Fodderwala | $77 → $81 | Maintains | Overweight | Get Alert |
| 02/07/2024 | Buy Now | 53.84% | Scotiabank | Patrick Colville | $70 → $90 | Maintains | Sector Outperform | Get Alert |
| 02/07/2024 | Buy Now | 28.2% | Cantor Fitzgerald | Yi Fu Lee | $50 → $75 | Assumes | → Neutral | Get Alert |
| 02/07/2024 | Buy Now | 21.36% | RBC Capital | Dan Bergstrom | $60 → $71 | Maintains | Sector Perform | Get Alert |
| 02/07/2024 | Buy Now | 19.65% | Wells Fargo | Andrew Nowinski | $65 → $70 | Maintains | Equal-Weight | Get Alert |
| 02/07/2024 | Buy Now | 40.17% | BMO Capital | Keith Bachman | $70 → $82 | Maintains | Market Perform | Get Alert |
| 02/07/2024 | Buy Now | 36.75% | Susquehanna | Anne Meisner | $55 → $80 | Maintains | Neutral | Get Alert |
| 02/07/2024 | Buy Now | 47% | Wedbush | Daniel Ives | $75 → $86 | Maintains | Outperform | Get Alert |
| 02/07/2024 | Buy Now | 19.65% | Mizuho | Gregg Moskowitz | $60 → $70 | Maintains | Neutral | Get Alert |
| 02/07/2024 | Buy Now | 45.29% | Rosenblatt | Catharine Trebnick | $65 → $85 | Maintains | Buy | Get Alert |
| 02/07/2024 | Buy Now | -2.57% | HSBC | Stephen Bersey | → $57 | Downgrade | Hold → Reduce | Get Alert |
| 01/17/2024 | Buy Now | — | Capital One | Connor Murphy | — | Downgrade | Overweight → Equal-Weight | Get Alert |
| 01/10/2024 | Buy Now | 11.11% | UBS | Roger Boyd | $55 → $65 | Maintains | Neutral | Get Alert |
| 01/09/2024 | Buy Now | 5.98% | Citigroup | Fatima Boolani | $60 → $62 | Downgrade | Buy → Neutral | Get Alert |
| 12/11/2023 | Buy Now | -4.28% | JP Morgan | Brian Essex | $52 → $56 | Maintains | Neutral | Get Alert |
| 11/21/2023 | Buy Now | -14.53% | Cantor Fitzgerald | Jonathan Ruykhaver | → $50 | Reiterates | Neutral → Neutral | Get Alert |
| 11/07/2023 | Buy Now | 2.56% | Goldman Sachs | Gabriela Borges | $70 → $60 | Maintains | Buy | Get Alert |
| 11/06/2023 | Buy Now | 2.56% | Goldman Sachs | Gabriela Borges | $70 → $60 | Maintains | Buy | Get Alert |
| 11/06/2023 | Buy Now | -16.24% | HSBC | Stephen Bersey | $75 → $49 | Downgrade | Buy → Hold | Get Alert |
| 11/03/2023 | Buy Now | 11.11% | Rosenblatt | Catharine Trebnick | $75 → $65 | Maintains | Buy | Get Alert |
| 11/03/2023 | Buy Now | -14.53% | Piper Sandler | Rob Owens | $65 → $50 | Maintains | Neutral | Get Alert |
| 11/03/2023 | Buy Now | -5.99% | RBC Capital | Dan Bergstrom | $68 → $55 | Maintains | Sector Perform | Get Alert |
| 11/03/2023 | Buy Now | 2.56% | Morgan Stanley | Hamza Fodderwala | $75 → $60 | Maintains | Overweight | Get Alert |
| 11/03/2023 | Buy Now | — | William Blair | Jonathan Ho | — | Downgrade | Outperform → Market Perform | Get Alert |
| 11/03/2023 | Buy Now | -11.11% | Stifel | Adam Borg | $69 → $52 | Downgrade | Buy → Hold | Get Alert |
| 11/03/2023 | Buy Now | — | Oppenheimer | Ittai Kidron | — | Downgrade | Outperform → Perform | Get Alert |
| 11/03/2023 | Buy Now | -12.82% | Evercore ISI Group | Amit Daryanani | $78 → $51 | Downgrade | Outperform → In-Line | Get Alert |
| 11/03/2023 | Buy Now | -14.53% | Cantor Fitzgerald | Jonathan Ruykhaver | $75 → $50 | Downgrade | Overweight → Neutral | Get Alert |
| 11/03/2023 | Buy Now | -11.11% | JP Morgan | Brian Essex | $67 → $52 | Downgrade | Overweight → Neutral | Get Alert |
| 10/25/2023 | Buy Now | 14.53% | JP Morgan | Brian Essex | $74 → $67 | Maintains | Overweight | Get Alert |
| 10/25/2023 | Buy Now | — | Needham | Matt Dezort | — | Initiates | → Hold | Get Alert |
| 10/24/2023 | Buy Now | 19.65% | Goldman Sachs | Gabriela Borges | $78 → $70 | Maintains | Buy | Get Alert |
| 10/20/2023 | Buy Now | 28.2% | Rosenblatt | Catharine Trebnick | $90 → $75 | Maintains | Buy | Get Alert |
| 10/19/2023 | Buy Now | 17.94% | Stifel | Adam Borg | $72 → $69 | Maintains | Buy | Get Alert |
| 10/19/2023 | Buy Now | 11.11% | Jefferies | Joseph Gallo | $85 → $65 | Downgrade | Buy → Hold | Get Alert |
| 10/16/2023 | Buy Now | 11.11% | Mizuho | Gregg Moskowitz | $68 → $65 | Maintains | Neutral | Get Alert |
| 10/13/2023 | Buy Now | 7.69% | Barclays | Saket Kalia | $71 → $63 | Downgrade | Overweight → Equal-Weight | Get Alert |
| 09/29/2023 | Buy Now | 28.2% | HSBC | Stephen Bersey | → $75 | Initiates | → Buy | Get Alert |
| 09/15/2023 | Buy Now | 28.2% | Morgan Stanley | Hamza Fodderwala | $80 → $75 | Maintains | Overweight | Get Alert |
| 09/14/2023 | Buy Now | 23.07% | Stifel | Adam Borg | → $72 | Reiterates | Buy → Buy | Get Alert |
| 09/13/2023 | Buy Now | 16.23% | Mizuho | Gregg Moskowitz | → $68 | Reiterates | Neutral → Neutral | Get Alert |
| 09/13/2023 | Buy Now | 53.84% | Rosenblatt | Catharine Trebnick | → $90 | Reiterates | Neutral → Neutral | Get Alert |
| 08/30/2023 | Buy Now | 19.65% | Citigroup | Fatima Boolani | $73 → $70 | Maintains | Buy | Get Alert |
| 08/28/2023 | Buy Now | 53.84% | Rosenblatt | Catharine Trebnick | → $90 | Reiterates | Buy → Buy | Get Alert |
| 08/07/2023 | Buy Now | 19.65% | Guggenheim | Raymond McDonough | → $70 | Upgrade | Neutral → Buy | Get Alert |
| 08/04/2023 | Buy Now | 23.07% | BMO Capital | Keith Bachman | $88 → $72 | Maintains | Market Perform | Get Alert |
| 08/04/2023 | Buy Now | 36.75% | Morgan Stanley | Hamza Fodderwala | $84 → $80 | Maintains | Overweight | Get Alert |
| 08/04/2023 | Buy Now | 21.36% | Barclays | Saket Kalia | $86 → $71 | Maintains | Overweight | Get Alert |
| 08/04/2023 | Buy Now | 45.29% | Wells Fargo | Andrew Nowinski | $90 → $85 | Maintains | Overweight | Get Alert |
| 08/04/2023 | Buy Now | 43.58% | Baird | Shrenik Kothari | $93 → $84 | Maintains | Outperform | Get Alert |
| 08/04/2023 | Buy Now | 53.84% | Rosenblatt | Catharine Trebnick | $95 → $90 | Maintains | Buy | Get Alert |
| 08/04/2023 | Buy Now | 16.23% | Mizuho | Gregg Moskowitz | $81 → $68 | Maintains | Neutral | Get Alert |
| 08/04/2023 | Buy Now | 19.65% | Raymond James | Adam Tindle | $75 → $70 | Maintains | Outperform | Get Alert |
| 08/04/2023 | Buy Now | 19.65% | TD Cowen | Shaul Eyal | $90 → $70 | Downgrade | Outperform → Market Perform | Get Alert |
| 08/01/2023 | Buy Now | 53.84% | TD Cowen | Shaul Eyal | $85 → $90 | Maintains | Outperform | Get Alert |
| 07/31/2023 | Buy Now | 53.84% | Wells Fargo | Andrew Nowinski | $80 → $90 | Maintains | Overweight | Get Alert |
| 07/25/2023 | Buy Now | 53.84% | Scotiabank | Patrick Colville | $80 → $90 | Maintains | Outperform | Get Alert |
| 07/25/2023 | Buy Now | 47% | Goldman Sachs | Gabriela Borges | $77 → $86 | Maintains | Buy | Get Alert |
| 07/25/2023 | Buy Now | 62.39% | Rosenblatt | Catharine Trebnick | $80 → $95 | Maintains | Buy | Get Alert |
| 07/24/2023 | Buy Now | 58.97% | Baird | Shrenik Kothari | $73 → $93 | Maintains | Outperform | Get Alert |
| 07/18/2023 | Buy Now | 28.2% | Cantor Fitzgerald | Jonathan Ruykhaver | → $75 | Reiterates | Overweight → Overweight | Get Alert |
| 07/17/2023 | Buy Now | 62.39% | Oppenheimer | Ittai Kidron | $70 → $95 | Maintains | Outperform | Get Alert |
| 07/14/2023 | Buy Now | 47% | Barclays | Saket Kalia | $75 → $86 | Maintains | Overweight | Get Alert |
| 07/10/2023 | Buy Now | 43.58% | Morgan Stanley | Hamza Fodderwala | $77 → $84 | Maintains | Overweight | Get Alert |
FAQ
What is the target price for Fortinet (FTNT) stock?
The latest price target for Fortinet (NASDAQ:FTNT) was reported by TD Cowen on July 18, 2024. The analyst firm set a price target for $75.00 expecting FTNT to rise to within 12 months (a possible 28.20% upside). 96 analyst firms have reported ratings in the last year.
What is the most recent analyst rating for Fortinet (FTNT)?
The latest analyst rating for Fortinet (NASDAQ:FTNT) was provided by TD Cowen, and Fortinet upgraded their buy rating.
When was the last upgrade for Fortinet (FTNT)?
The last upgrade for Fortinet Inc happened on July 18, 2024 when TD Cowen raised their price target to $75. TD Cowen previously had a hold for Fortinet Inc.
When was the last downgrade for Fortinet (FTNT)?
The last downgrade for Fortinet Inc happened on February 8, 2024 when DZ Bank changed their price target from N/A to $60 for Fortinet Inc.
When is the next analyst rating going to be posted or updated for Fortinet (FTNT)?
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 July 18, 2024 so you should expect the next rating to be made available sometime around July 18, 2025.
Is the Analyst Rating Fortinet (FTNT) correct?
While ratings are subjective and will change, the latest Fortinet (FTNT) rating was a upgraded with a price target of $0.00 to $75.00. The current price Fortinet (FTNT) is trading at is $58.50, which is within the analyst’s predicted range.
Browse analyst ratings and price targets on all stocks.