Fortinet, Inc. (FTNT)

Fortinet Stock Forecast

Stock Price Forecast

The 27 analysts that cover Fortinet stock have a consensus rating of "Hold" and an average price target of $90.67, which forecasts a 11.06% increase in the stock price over the next year. The lowest target is $70 and the highest is $130.

Price Target: $90.67 (+11.06%)

Analyst Consensus: Hold

Target	Low	Average	Median	High
Price	$70	$90.67	$86	$130
Change	-14.26%	+11.06%	+5.34%	+59.24%

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	Aug '25	Sep '25	Oct '25	Nov '25	Dec '25	Jan '26
Strong Buy	5	5	5	4	2	3
Buy	3	3	3	3	3	3
Hold	24	24	24	24	23	21
Sell	1	2	2	2	3	3
Strong Sell	0	0	0	0	0	0
Total	33	34	34	33	31	30

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Shaul Eyal TD Cowen	TD Cowen	Hold → Strong Buy Upgrades $100	Hold → Strong Buy	Upgrades	$100	+22.49%	Jan 23, 2026
Fatima Boolani Citigroup	Citigroup	Hold Maintains $83 → $85	Hold	Maintains	$83 → $85	+4.12%	Jan 13, 2026
Rob Owens Piper Sandler	Piper Sandler	Hold Maintains $85 → $90	Hold	Maintains	$85 → $90	+10.24%	Jan 5, 2026
Meta Marshall Morgan Stanley	Morgan Stanley	Sell Maintains $66 → $70	Sell	Maintains	$66 → $70	-14.26%	Dec 18, 2025
Brian Essex JP Morgan	JP Morgan	Hold → Sell Downgrades $85 → $75	Hold → Sell	Downgrades	$85 → $75	-8.13%	Dec 17, 2025

More Analyst Ratings

Financial Forecast

Revenue This Year

6.89B

Increased by 15.69%

from 5.96B

Revenue Next Year

7.67B

Increased by 11.25%

from 6.89B

EPS This Year

2.74

Increased by 21.34%

from 2.26

EPS Next Year

2.99

Increased by 8.96%

from 2.74

Fiscal Year	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026
Period Ending	Dec 31, 2020	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026
Revenue	2.59B	3.34B	4.42B	5.30B	5.96B	6.89B	7.67B
Revenue Growth	19.95%	28.82%	32.17%	20.09%	12.27%	15.69%	11.25%
EPS	0.58	0.73	1.06	1.46	2.26	2.74	2.99
EPS Growth	52.63%	25.86%	45.21%	37.74%	54.80%	21.34%	8.96%
Forward PE	-	-	-	-	-	29.77	27.32
No. Analysts	-	-	-	-	-	44	44

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

Revenue Forecast

Revenue	2025	2026	2027	2028	2029	2030
High	7.1B	8.1B
Avg	6.9B	7.7B
Low	6.6B	7.1B

Revenue Growth

Revenue Growth	2025	2026	2027	2028	2029	2030
High	19.7%	17.6%
Avg	15.7%	11.2%
Low	10.9%	3.3%

EPS Forecast

EPS	2025	2026	2027	2028	2029	2030
High	2.89	3.34
Avg	2.74	2.99
Low	2.45	2.70

EPS Growth

EPS Growth	2025	2026	2027	2028	2029	2030
High	27.8%	21.8%
Avg	21.3%	9.0%
Low	8.4%	-1.4%

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.