Fortinet, Inc. (FTNT)
NASDAQ: FTNT · Real-Time Price · USD
94.23
+0.18 (0.19%)
At close: Jan 17, 2025, 4:00 PM
94.51
+0.28 (0.30%)
After-hours: Jan 17, 2025, 7:59 PM EST
Fortinet Stock Forecast
Stock Price Forecast
The 30 analysts with 12-month price forecasts for Fortinet stock have an average target of 95.93, with a low estimate of 60 and a high estimate of 120. The average target predicts an increase of 1.80% from the current stock price of 94.23.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for Fortinet stock from 33 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Aug '24 | Sep '24 | Oct '24 | Nov '24 | Dec '24 | Jan '25 |
|---|---|---|---|---|---|---|
| Strong Buy | 5 | 5 | 5 | 7 | 7 | 7 |
| Buy | 4 | 4 | 4 | 5 | 6 | 6 |
| Hold | 22 | 22 | 21 | 19 | 19 | 18 |
| Sell | 1 | 1 | 2 | 1 | 1 | 1 |
| Strong Sell | 1 | 1 | 1 | 1 | 1 | 1 |
| Total | 33 | 33 | 33 | 33 | 34 | 33 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Citigroup | Citigroup | Hold Maintains $100 → $101 | Hold | Maintains | $100 → $101 | +7.18% | Jan 17, 2025 |
| Raymond James | Raymond James | Buy → Hold Downgrades n/a | Buy → Hold | Downgrades | n/a | n/a | Jan 14, 2025 |
| Piper Sandler | Piper Sandler | Hold → Buy Upgrades $100 → $120 | Hold → Buy | Upgrades | $100 → $120 | +27.35% | Jan 6, 2025 |
| Goldman Sachs | Goldman Sachs | Strong Buy Maintains $100 → $114 | Strong Buy | Maintains | $100 → $114 | +20.98% | Jan 2, 2025 |
| Jefferies | Jefferies | Hold Maintains $95 → $105 | Hold | Maintains | $95 → $105 | +11.43% | Dec 19, 2024 |
Financial Forecast
Revenue This Year
6.01B
from 5.30B
Increased by 13.27%
Revenue Next Year
6.77B
from 6.01B
Increased by 12.68%
EPS This Year
2.29
from 1.46
Increased by 56.87%
EPS Next Year
2.49
from 2.29
Increased by 8.51%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|
| High | 6.2B | 7.3B | 9.1B | |||
| Avg | 6.0B | 6.8B | 7.7B | |||
| Low | 5.7B | 6.3B | 6.9B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|
| High | 17.1% | 20.7% | 34.6% | |||
| Avg | 13.3% | 12.7% | 13.1% | |||
| Low | 8.3% | 4.9% | 1.8% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|
| High | 2.43 | 3.01 | 3.95 | |||
| Avg | 2.29 | 2.49 | 2.82 | |||
| Low | 2.18 | 2.17 | 2.35 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|
| High | 66.7% | 31.6% | 59.1% | |||
| Avg | 56.9% | 8.5% | 13.4% | |||
| Low | 49.0% | -5.4% | -5.4% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.