Fortinet, Inc. (FTNT)

Fortinet Stock Forecast

Stock Price Forecast

The 29 analysts that cover Fortinet stock have a consensus rating of "Hold" and an average price target of $96.07, which forecasts a 21.03% increase in the stock price over the next year. The lowest target is $75 and the highest is $130.

Price Target: $96.07 (+21.03%)

Analyst Consensus: Hold

Target	Low	Average	Median	High
Price	$75	$96.07	$95	$130
Change	-5.52%	+21.03%	+19.68%	+63.77%

Analyst Ratings

The average analyst rating for Fortinet stock is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.

Recommendation Trends

Rating	Mar '25	Apr '25	May '25	Jun '25	Jul '25	Aug '25
Strong Buy	7	7	7	7	6	5
Buy	5	5	5	5	5	3
Hold	18	20	19	19	19	24
Sell	1	1	1	1	1	1
Strong Sell	0	0	0	0	0	0
Total	31	33	32	32	31	33

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Amit Daryanani Evercore ISI Group	Evercore ISI Group	Hold Maintains $105 → $78	Hold	Maintains	$105 → $78	-1.74%	Aug 8, 2025
Brian Essex JP Morgan	JP Morgan	Hold Maintains $105 → $87	Hold	Maintains	$105 → $87	+9.60%	Aug 7, 2025
Patrick Colville Scotiabank	Scotiabank	Buy Maintains $115 → $85	Buy	Maintains	$115 → $85	+7.08%	Aug 7, 2025
Roger Boyd UBS	UBS	Hold Maintains $105 → $90	Hold	Maintains	$105 → $90	+13.38%	Aug 7, 2025
Adam Borg Stifel	Stifel	Hold Maintains $95 → $85	Hold	Maintains	$95 → $85	+7.08%	Aug 7, 2025

More Analyst Ratings

Financial Forecast

Revenue This Year

6.89B

Increased by 15.75%

from 5.96B

Revenue Next Year

7.78B

Increased by 12.82%

from 6.89B

EPS This Year

2.53

Increased by 11.97%

from 2.26

EPS Next Year

2.88

Increased by 13.94%

from 2.53

Fiscal Year	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027
Period Ending	Dec 31, 2020	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026	Dec 31, 2027
Revenue	2.59B	3.34B	4.42B	5.30B	5.96B	6.89B	7.78B	8.84B
Revenue Growth	19.95%	28.82%	32.17%	20.09%	12.27%	15.75%	12.82%	13.69%
EPS	0.58	0.73	1.06	1.46	2.26	2.53	2.88	3.34
EPS Growth	52.63%	25.86%	45.21%	37.74%	54.80%	11.97%	13.94%	15.87%
Forward PE	-	-	-	-	-	31.37	27.53	23.76
No. Analysts	-	-	-	-	-	46	46	21

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2025	2026	2027	2028	2029
High	7.2B	9.1B	10.6B
Avg	6.9B	7.8B	8.8B
Low	6.5B	7.2B	7.8B

Revenue Growth

Revenue Growth	2025	2026	2027	2028	2029
High	21.1%	32.0%	35.8%
Avg	15.8%	12.8%	13.7%
Low	9.4%	4.3%	0.7%

EPS Forecast

EPS	2025	2026	2027	2028	2029
High	2.92	3.96	4.75
Avg	2.53	2.88	3.34
Low	2.38	2.54	2.53

EPS Growth

EPS Growth	2025	2026	2027	2028	2029
High	29.3%	56.6%	64.9%
Avg	12.0%	13.9%	15.9%
Low	5.4%	0.3%	-12.3%

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.