Fortinet Stock Forecast

Stock Price Forecast

According to 29 professional analysts, the 12-month price target for Fortinet stock ranges from a low of $78 to a high of $135. The average analyst price target of $104.38 forecasts a -0.34% decrease in the stock price over the next year.

Price Target: $104.38 (-0.34%)

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$78	$104.38	$105	$135
Change	-25.53%	-0.34%	+0.25%	+28.89%

Analyst Ratings

The average analyst rating for Fortinet stock is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Rating	Dec '24	Jan '25	Feb '25	Mar '25	Apr '25	May '25
Strong Buy	7	7	7	7	7	7
Buy	6	6	5	5	5	5
Hold	19	18	18	18	20	19
Sell	1	1	1	1	1	1
Strong Sell	1	1	0	0	0	0
Total	34	33	31	31	33	32

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Roger Boyd UBS	UBS	Hold Maintains $115 → $105	Hold	Maintains	$115 → $105	+0.25%	May 8, 2025
Dan Bergstrom RBC Capital	RBC Capital	Hold Maintains $110 → $105	Hold	Maintains	$110 → $105	+0.25%	May 8, 2025
Eric Heath Keybanc	Keybanc	Buy Maintains $120 → $115	Buy	Maintains	$120 → $115	+9.80%	May 8, 2025
Patrick Colville Scotiabank	Scotiabank	Buy Maintains $135 → $115	Buy	Maintains	$135 → $115	+9.80%	May 8, 2025
Andrew Nowinski Wells Fargo	Wells Fargo	Hold Maintains $105 → $95	Hold	Maintains	$105 → $95	-9.30%	May 8, 2025

More Analyst Ratings

Financial Forecast

Revenue This Year

6.89B

from 5.96B

15.72%

from 5.96B

Revenue Next Year

7.78B

from 6.89B

12.91%

from 6.89B

EPS This Year

2.52

from 2.26

11.63%

from 2.26

EPS Next Year

2.89

from 2.52

14.38%

from 2.52

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	8.85B
Revenue Growth	19.95%	28.82%	32.17%	20.09%	12.27%	15.72%	12.91%	13.76%
EPS	0.58	0.73	1.06	1.46	2.26	2.52	2.89	3.35
EPS Growth	52.63%	25.86%	45.21%	37.74%	54.80%	11.63%	14.38%	16.00%
Forward PE	-	-	-	-	-	41.52	36.30	31.29
No. Analysts	-	-	-	-	-	47	46	21

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

Revenue Forecast

Revenue	2025	2026	2027
High	7.2B	9.1B	10.6B
Avg	6.9B	7.8B	8.9B
Low	6.5B	7.2B	7.8B

Revenue Growth

Revenue Growth	2025	2026	2027
High	20.8%	32.1%	35.7%
Avg	15.7%	12.9%	13.8%
Low	9.4%	4.4%	0.7%

EPS Forecast

EPS	2025	2026	2027
High	2.66	3.96	4.75
Avg	2.52	2.89	3.35
Low	2.38	2.54	2.53

EPS Growth

EPS Growth	2025	2026	2027
High	17.5%	57.0%	64.7%
Avg	11.6%	14.4%	16.0%
Low	5.4%	0.6%	-12.4%

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.