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Fortinet Inc has a consensus price target of $105.04 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 Susquehanna, RBC Capital, and Cantor Fitzgerald on February 10, 2025, February 7, 2025, and February 7, 2025, respectively. With an average price target of $113.33 between Susquehanna, RBC Capital, and Cantor Fitzgerald, there's an implied 3.08% 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 Susquehanna on February 10, 2025. The analyst firm set a price target for $110.00 expecting FTNT to rise to within 12 months (a possible 0.05% upside). 100 analyst firms have reported ratings in the last year.
The latest analyst rating for Fortinet (NASDAQ:FTNT) was provided by Susquehanna, and Fortinet maintained their neutral rating.
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.
The last downgrade for Fortinet Inc happened on February 3, 2025 when Baird changed their price target from $105 to $112 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 February 10, 2025 so you should expect the next rating to be made available sometime around February 10, 2026.
While ratings are subjective and will change, the latest Fortinet (FTNT) rating was a maintained with a price target of $90.00 to $110.00. The current price Fortinet (FTNT) is trading at is $109.95, which is within the analyst’s predicted range.
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