Fortinet Inc has a consensus price target of $70.64 based on the ratings of 33 analysts. The high is $85 issued by Goldman Sachs on February 8, 2024. The low is $50 issued by Cantor Fitzgerald on November 21, 2023. The 3 most-recent analyst ratings were released by Susquehanna, Citigroup, and Scotiabank on August 8, 2024, August 7, 2024, and August 7, 2024, respectively. With an average price target of $70.33 between Susquehanna, Citigroup, and Scotiabank, there's an implied 1.05% 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 August 8, 2024. The analyst firm set a price target for $70.00 expecting FTNT to rise to within 12 months (a possible 0.57% upside). 97 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 July 18, 2024 when TD Cowen raised their price target to $75. TD Cowen previously had a hold for Fortinet Inc.
The last downgrade for Fortinet Inc happened on July 29, 2024 when Guggenheim changed their price target from N/A to N/A 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 August 8, 2024 so you should expect the next rating to be made available sometime around August 8, 2025.
While ratings are subjective and will change, the latest Fortinet (FTNT) rating was a maintained with a price target of $65.00 to $70.00. The current price Fortinet (FTNT) is trading at is $69.60, which is within the analyst’s predicted range.
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