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$102.09
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$102.33
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Fortinet Analyst Ratings and Price Targets | NASDAQ:FTNT | Benzinga
Fortinet Inc has a consensus price target of $105.64 based on the ratings of 31 analysts. The high is $135 issued by Scotiabank on February 7, 2025. The low is $67 issued by Evercore ISI Group on May 3, 2024. The 3 most-recent analyst ratings were released by Morgan Stanley, Susquehanna, and RBC Capital on March 18, 2025, February 10, 2025, and February 7, 2025, respectively. With an average price target of $116 between Morgan Stanley, Susquehanna, and RBC Capital, there's an implied 13.36% upside for Fortinet Inc from these most-recent analyst ratings.
Analyst Firms Making Recommendations1
Morgan Stanley
Susquehanna
RBC Capital
Cantor Fitzgerald
Goldman Sachs
1calculated from analyst ratings
Analyst Ratings for Fortinet
| Buy Now | Get Alert | |||||||
|---|---|---|---|---|---|---|---|---|
| 03/18/2025 | Buy Now | 20.2% | Morgan Stanley | Hamza Fodderwala75% | $113 → $123 | Maintains | Overweight | Get Alert |
| 02/10/2025 | Buy Now | 7.5% | Susquehanna | Shyam Patil67% | $90 → $110 | Maintains | Neutral | Get Alert |
| 02/07/2025 | Buy Now | 12.38% | RBC Capital | Dan Bergstrom42% | $97 → $115 | Maintains | Sector Perform | Get Alert |
| 02/07/2025 | Buy Now | 12.38% | Cantor Fitzgerald | Jonathan Ruykhaver69% | $110 → $115 | Maintains | Neutral | Get Alert |
| 02/07/2025 | Buy Now | 27.04% | Goldman Sachs | Gabriela Borges65% | $114 → $130 | Maintains | Buy | Get Alert |
| 02/07/2025 | Buy Now | 31.93% | Scotiabank | Patrick Colville56% | $115 → $135 | Maintains | Sector Outperform | Get Alert |
| 02/07/2025 | Buy Now | — | Guggenheim | John Difucci67% | — | Reiterates | Neutral → Neutral | Get Alert |
| 02/07/2025 | Buy Now | 12.38% | Stifel | Adam Borg72% | $103 → $115 | Maintains | Hold | Get Alert |
| 02/07/2025 | Buy Now | 2.61% | Wells Fargo | Andrew Nowinski65% | $85 → $105 | Maintains | Equal-Weight | Get Alert |
| 02/07/2025 | Buy Now | 31.93% | Piper Sandler | Rob Owens82% | $120 → $135 | Reiterates | Overweight → Overweight | Get Alert |
| 02/07/2025 | Buy Now | 22.15% | Rosenblatt | Catharine Trebnick69% | $115 → $125 | Maintains | Buy | Get Alert |
| 02/07/2025 | Buy Now | — | Needham | Matt Dezort38% | — | Reiterates | Hold → Hold | Get Alert |
| 02/04/2025 | Buy Now | 7.5% | Cantor Fitzgerald | Jonathan Ruykhaver69% | $95 → $110 | Maintains | Neutral | Get Alert |
| 02/03/2025 | Buy Now | 9.45% | Baird | Shrenik Kothari78% | $105 → $112 | Downgrade | Outperform → Neutral | Get Alert |
| 01/24/2025 | Buy Now | — | Guggenheim | John Difucci67% | — | Reiterates | Neutral → Neutral | Get Alert |
| 01/21/2025 | Buy Now | 12.38% | Rosenblatt | Catharine Trebnick69% | $100 → $115 | Maintains | Buy | Get Alert |
| 01/21/2025 | Buy Now | 12.38% | Scotiabank | Patrick Colville56% | $110 → $115 | Maintains | Sector Outperform | Get Alert |
| 01/17/2025 | Buy Now | -1.3% | Citigroup | Fatima Boolani74% | $100 → $101 | Maintains | Neutral | Get Alert |
| 01/14/2025 | Buy Now | — | Raymond James | Adam Tindle66% | — | Downgrade | Outperform → Market Perform | Get Alert |
| 01/06/2025 | Buy Now | 17.27% | Piper Sandler | Rob Owens82% | $100 → $120 | Upgrade | Neutral → Overweight | Get Alert |
| 01/02/2025 | Buy Now | 11.4% | Goldman Sachs | Gabriela Borges65% | $100 → $114 | Maintains | Buy | Get Alert |
| 12/19/2024 | Buy Now | 2.61% | Jefferies | Joseph Gallo73% | $95 → $105 | Maintains | Hold | Get Alert |
| 12/19/2024 | Buy Now | 12.38% | Keybanc | Eric Heath65% | → $115 | Upgrade | Sector Weight → Overweight | Get Alert |
| 12/18/2024 | Buy Now | 0.65% | Stifel | Adam Borg72% | $90 → $103 | Maintains | Hold | Get Alert |
| 12/16/2024 | Buy Now | 2.61% | JP Morgan | Brian Essex68% | $99 → $105 | Maintains | Neutral | Get Alert |
| 12/13/2024 | Buy Now | -23.78% | Mizuho | Gregg Moskowitz70% | $68 → $78 | Maintains | Underperform | Get Alert |
| 11/22/2024 | Buy Now | — | Needham | Matt Dezort38% | — | Reiterates | → Hold | Get Alert |
| 11/20/2024 | Buy Now | 2.61% | Truist Securities | Joel Fishbein76% | $85 → $105 | Reiterates | Buy → Buy | Get Alert |
| 11/20/2024 | Buy Now | 7.5% | Scotiabank | Patrick Colville56% | $85 → $110 | Maintains | Sector Outperform | Get Alert |
| 11/20/2024 | Buy Now | -2.28% | Rosenblatt | Catharine Trebnick69% | $90 → $100 | Maintains | Buy | Get Alert |
| 11/19/2024 | Buy Now | 1.63% | B of A Securities | Tal Liani75% | $87 → $104 | Maintains | Buy | Get Alert |
| 11/19/2024 | Buy Now | 2.61% | Wedbush | Daniel Ives79% | $90 → $105 | Maintains | Outperform | Get Alert |
| 11/19/2024 | Buy Now | -2.28% | Piper Sandler | Rob Owens82% | $80 → $100 | Maintains | Neutral | Get Alert |
| 11/19/2024 | Buy Now | 2.61% | TD Cowen | Shaul Eyal78% | $90 → $105 | Maintains | Buy | Get Alert |
| 11/19/2024 | Buy Now | -2.28% | BMO Capital | Keith Bachman81% | $88 → $100 | Reiterates | Market Perform → Market Perform | Get Alert |
| 11/19/2024 | Buy Now | -5.21% | RBC Capital | Dan Bergstrom42% | $82 → $97 | Maintains | Sector Perform | Get Alert |
| 11/19/2024 | Buy Now | -16.94% | Wells Fargo | Andrew Nowinski65% | $80 → $85 | Maintains | Equal-Weight | Get Alert |
| 11/19/2024 | Buy Now | -12.05% | Stifel | Adam Borg72% | $84 → $90 | Maintains | Hold | Get Alert |
| 11/19/2024 | Buy Now | -7.16% | Cantor Fitzgerald | Jonathan Ruykhaver69% | $88 → $95 | Maintains | Neutral | Get Alert |
| 11/19/2024 | Buy Now | -2.28% | Baird | Shrenik Kothari78% | $95 → $100 | Maintains | Outperform | Get Alert |
| 11/19/2024 | Buy Now | 3.59% | Morgan Stanley | Hamza Fodderwala75% | $105 → $106 | Maintains | Overweight | Get Alert |
| 11/19/2024 | Buy Now | -12.05% | Deutsche Bank | Brad Zelnick69% | $77 → $90 | Maintains | Hold | Get Alert |
| 11/13/2024 | Buy Now | -7.16% | Baird | Shrenik Kothari78% | $88 → $95 | Maintains | Outperform | Get Alert |
| 11/11/2024 | Buy Now | 8.47% | HSBC | Stephen Bersey63% | $83 → $111 | Upgrade | Hold → Buy | Get Alert |
| 11/11/2024 | Buy Now | — | Needham | Matt Dezort38% | — | Reiterates | → Hold | Get Alert |
| 11/08/2024 | Buy Now | -12.05% | Rosenblatt | Catharine Trebnick69% | $85 → $90 | Maintains | Buy | Get Alert |
| 11/08/2024 | Buy Now | -7.16% | Barclays | Saket Kalia77% | $85 → $95 | Maintains | Equal-Weight | Get Alert |
| 11/08/2024 | Buy Now | -7.16% | Raymond James | Adam Tindle66% | $85 → $95 | Maintains | Outperform | Get Alert |
| 11/08/2024 | Buy Now | -18.89% | UBS | Roger Boyd67% | $70 → $83 | Maintains | Neutral | Get Alert |
| 11/08/2024 | Buy Now | -12.05% | Wedbush | Daniel Ives79% | $78 → $90 | Maintains | Outperform | Get Alert |
| 11/08/2024 | Buy Now | -16.94% | Scotiabank | Patrick Colville56% | $75 → $85 | Maintains | Sector Outperform | Get Alert |
| 11/08/2024 | Buy Now | -21.82% | Piper Sandler | Rob Owens82% | $70 → $80 | Maintains | Neutral | Get Alert |
| 11/08/2024 | Buy Now | -14% | Baird | Shrenik Kothari78% | $80 → $88 | Maintains | Outperform | Get Alert |
| 10/31/2024 | Buy Now | -16.94% | Rosenblatt | Catharine Trebnick69% | $72 → $85 | Maintains | Buy | Get Alert |
| 10/29/2024 | Buy Now | -14% | Cantor Fitzgerald | Yi Fu Lee83% | $65 → $88 | Maintains | Neutral | Get Alert |
| 10/23/2024 | Buy Now | -16.94% | Truist Securities | Joel Fishbein76% | $70 → $85 | Maintains | Buy | Get Alert |
| 10/17/2024 | Buy Now | -33.55% | Mizuho | Gregg Moskowitz70% | $68 → $68 | Downgrade | Neutral → Underperform | Get Alert |
| 10/09/2024 | Buy Now | -12.05% | TD Cowen | Shaul Eyal78% | $75 → $90 | Maintains | Buy | Get Alert |
| 10/07/2024 | Buy Now | -16.94% | Barclays | Saket Kalia77% | $74 → $85 | Maintains | Equal-Weight | Get Alert |
| 09/13/2024 | Buy Now | -25.73% | Citigroup | Fatima Boolani74% | $66 → $76 | Maintains | Neutral | Get Alert |
| 08/08/2024 | Buy Now | -31.59% | Susquehanna | Shyam Patil67% | $65 → $70 | Maintains | Neutral | Get Alert |
| 08/07/2024 | Buy Now | -35.5% | Citigroup | Fatima Boolani74% | $65 → $66 | Maintains | Neutral | Get Alert |
| 08/07/2024 | Buy Now | -26.71% | Scotiabank | Patrick Colville56% | $61 → $70 | Maintains | Sector Outperform | Get Alert |
| 08/07/2024 | Buy Now | -36.48% | Cantor Fitzgerald | Yi Fu Lee83% | $55 → $65 | Maintains | Neutral | Get Alert |
| 08/07/2024 | Buy Now | -26.71% | Deutsche Bank | Brad Zelnick69% | $71 → $75 | Maintains | Hold | Get Alert |
| 08/07/2024 | Buy Now | -31.59% | JP Morgan | Brian Essex68% | $63 → $70 | Maintains | Neutral | Get Alert |
| 08/07/2024 | Buy Now | -29.64% | RBC Capital | Dan Bergstrom42% | $68 → $72 | Maintains | Sector Perform | Get Alert |
| 08/07/2024 | Buy Now | -21.82% | Baird | Shrenik Kothari78% | $75 → $80 | Maintains | Outperform | Get Alert |
| 08/07/2024 | Buy Now | -23.78% | Wedbush | Daniel Ives79% | $78 → $78 | Reiterates | Outperform → Outperform | Get Alert |
| 08/07/2024 | Buy Now | -25.73% | BMO Capital | Keith Bachman81% | $70 → $76 | Maintains | Market Perform | Get Alert |
| 08/07/2024 | Buy Now | -31.59% | UBS | Roger Boyd67% | $69 → $70 | Maintains | Neutral | Get Alert |
| 08/07/2024 | Buy Now | -37.46% | Wells Fargo | Andrew Nowinski65% | $62 → $64 | Maintains | Equal-Weight | Get Alert |
| 08/07/2024 | Buy Now | -29.64% | Rosenblatt | Catharine Trebnick69% | $68 → $72 | Maintains | Buy | Get Alert |
| 08/07/2024 | Buy Now | — | Needham | Matt Dezort38% | — | Reiterates | → Hold | Get Alert |
| 08/05/2024 | Buy Now | -33.55% | Rosenblatt | Catharine Trebnick69% | $85 → $68 | Maintains | Buy | Get Alert |
| 07/30/2024 | Buy Now | -36.48% | Citigroup | Fatima Boolani74% | $68 → $65 | Maintains | Neutral | Get Alert |
| 07/29/2024 | Buy Now | — | Guggenheim | John Difucci67% | — | Downgrade | Buy → Neutral | Get Alert |
| 07/18/2024 | Buy Now | -26.71% | TD Cowen | Shaul Eyal78% | → $75 | Upgrade | Hold → Buy | Get Alert |
| 07/17/2024 | Buy Now | -32.57% | Morgan Stanley | Hamza Fodderwala75% | $73 → $69 | Maintains | Overweight | Get Alert |
| 07/11/2024 | Buy Now | -31.59% | Barclays | Saket Kalia77% | $75 → $70 | Maintains | Equal-Weight | Get Alert |
| 06/25/2024 | Buy Now | -20.84% | Guggenheim | Raymond McDonough69% | $81 → $81 | Reiterates | Buy → Buy | Get Alert |
| 06/11/2024 | Buy Now | -16.94% | Rosenblatt | Catharine Trebnick69% | $85 → $85 | Maintains | Buy | Get Alert |
| 06/11/2024 | Buy Now | — | Needham | Matt Dezort38% | — | Reiterates | → Hold | Get Alert |
| 05/22/2024 | Buy Now | -23.78% | Wedbush | Daniel Ives79% | $78 → $78 | Reiterates | Outperform → Outperform | Get Alert |
| 05/06/2024 | Buy Now | -36.48% | Susquehanna | Shyam Patil67% | $80 → $65 | Maintains | Neutral | Get Alert |
| 05/03/2024 | Buy Now | -21.82% | Scotiabank | Patrick Colville56% | $90 → $80 | Maintains | Sector Outperform | Get Alert |
| 05/03/2024 | Buy Now | -38.43% | JP Morgan | Brian Essex68% | $67 → $63 | Maintains | Neutral | Get Alert |
| 05/03/2024 | Buy Now | -47.23% | HSBC | Stephen Bersey63% | $57 → $54 | Maintains | Reduce | Get Alert |
| 05/03/2024 | Buy Now | -39.41% | Wells Fargo | Andrew Nowinski65% | $70 → $62 | Maintains | Equal-Weight | Get Alert |
| 05/03/2024 | Buy Now | -33.55% | RBC Capital | Dan Bergstrom42% | $71 → $68 | Maintains | Sector Perform | Get Alert |
| 05/03/2024 | Buy Now | -28.66% | Morgan Stanley | Hamza Fodderwala75% | $81 → $73 | Maintains | Overweight | Get Alert |
| 05/03/2024 | Buy Now | -34.53% | Evercore ISI Group | Amit Daryanani73% | $72 → $67 | Maintains | In-Line | Get Alert |
| 05/03/2024 | Buy Now | -31.59% | BMO Capital | Keith Bachman81% | $82 → $70 | Maintains | Market Perform | Get Alert |
| 05/03/2024 | Buy Now | -46.25% | Cantor Fitzgerald | Yi Fu Lee83% | $65 → $55 | Maintains | Neutral | Get Alert |
| 05/03/2024 | Buy Now | -23.78% | Wedbush | Daniel Ives79% | $86 → $78 | Maintains | Outperform | Get Alert |
| 05/03/2024 | Buy Now | -26.71% | Barclays | Saket Kalia77% | $80 → $75 | Maintains | Equal-Weight | Get Alert |
| 05/03/2024 | Buy Now | -31.59% | Truist Securities | Joel Fishbein76% | $80 → $70 | Maintains | Buy | Get Alert |
| 05/03/2024 | Buy Now | -31.59% | Piper Sandler | Rob Owens82% | $75 → $70 | Maintains | Neutral | Get Alert |
| 05/03/2024 | Buy Now | -16.94% | Rosenblatt | Catharine Trebnick69% | $85 → $85 | Maintains | Buy | Get Alert |
| 05/03/2024 | Buy Now | -35.5% | Mizuho | Gregg Moskowitz70% | $70 → $66 | Maintains | Neutral | Get Alert |
FAQ
What is the target price for Fortinet (FTNT) stock?
The latest price target for Fortinet (NASDAQ:FTNT) was reported by Morgan Stanley on March 18, 2025. The analyst firm set a price target for $123.00 expecting FTNT to rise to within 12 months (a possible 20.20% upside). 100 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 Morgan Stanley, and Fortinet maintained their overweight rating.
When was the last upgrade for Fortinet (FTNT)?
The last upgrade for Fortinet Inc happened on January 6, 2025 when Piper Sandler raised their price target to $120. Piper Sandler previously had a neutral for Fortinet Inc.
When was the last downgrade for Fortinet (FTNT)?
The last downgrade for Fortinet Inc happened on February 3, 2025 when Baird changed their price target from $105 to $112 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 March 18, 2025 so you should expect the next rating to be made available sometime around March 18, 2026.
Is the Analyst Rating Fortinet (FTNT) correct?
While ratings are subjective and will change, the latest Fortinet (FTNT) rating was a maintained with a price target of $113.00 to $123.00. The current price Fortinet (FTNT) is trading at is $102.33, which is out of the analyst’s predicted range.
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