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Fortinet Inc has a consensus price target of $89.7 based on the ratings of 33 analysts. The high is $111 issued by HSBC on November 11, 2024. The low is $60 issued by DZ Bank on February 8, 2024. The 3 most-recent analyst ratings were released by Truist Securities, Scotiabank, and Rosenblatt on November 20, 2024, respectively. With an average price target of $105 between Truist Securities, Scotiabank, and Rosenblatt, there's an implied 11.94% 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 Truist Securities on November 20, 2024. The analyst firm set a price target for $105.00 expecting FTNT to rise to within 12 months (a possible 11.94% upside). 100 analyst firms have reported ratings in the last year.
The latest analyst rating for Fortinet (NASDAQ:FTNT) was provided by Truist Securities, and Fortinet reiterated their buy rating.
The last upgrade for Fortinet Inc happened on November 11, 2024 when HSBC raised their price target to $111. HSBC previously had a hold 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 November 20, 2024 so you should expect the next rating to be made available sometime around November 20, 2025.
While ratings are subjective and will change, the latest Fortinet (FTNT) rating was a reiterated with a price target of $85.00 to $105.00. The current price Fortinet (FTNT) is trading at is $93.80, which is within the analyst’s predicted range.
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