Fortinet, Inc. (FTNT)
NASDAQ: FTNT · Real-Time Price · USD
136.08
-3.02 (-2.17%)
At close: Oct 30, 2026, 4:00 PM EDT
136.24
+0.16 (0.12%)
After-hours: Oct 30, 2026, 7:59 PM EDT

Fortinet Stock Forecast

Stock Price Forecast

According to 43 analysts polled by S&P Global, Fortinet stock has a consensus rating of "Hold" and an average price target of $146.13. The average 1-year stock price forecast is 7.39% higher than the current stock price, while the lowest is $107 (-21.37%) and the highest is $190 (+39.62%).

Price Target: $146.13 (+7.39%)
Analyst Consensus: Hold

Price Target

Chart
TargetLowAverageMedianHigh
Price$107$146.13$141$190
Change-21.37%+7.39%+3.62%+39.62%

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

Chart
RatingMay '26Jun '26Jul '26Aug '26Sep '26Oct '26
Strong Buy1010101086
Buy011111
Hold292729293131
Sell121111
Strong Sell343334
Total434444444443

Latest Forecasts

AnalystFirmRatingRatingActionPrice TargetUpsideDate
Freedom Capital Markets
Freedom Capital Markets
Hold
Maintains
$140 → $150
HoldMaintains$140 → $150+10.23%Oct 30, 2026
Susquehanna
Susquehanna
Hold
Reiterates
$160 → $145
HoldReiterates$160 → $145+6.55%Oct 30, 2026
Robert W. Baird
Robert W. Baird
Hold
Maintains
$170 → $150
HoldMaintains$170 → $150+10.23%Oct 30, 2026
Truist Financial
Truist Financial
Buy
Maintains
$200 → $175
BuyMaintains$200 → $175+28.60%Oct 30, 2026
Deutsche Bank
Deutsche Bank
Hold
Maintains
$160 → $130
HoldMaintains$160 → $130-4.47%Oct 29, 2026
More Analyst Ratings

Financial Forecast

Revenue This Year
8.17B
from 6.80B
Increased by 20.22%
Revenue Next Year
9.11B
from 8.17B
Increased by 11.39%
EPS This Year
3.56
from 2.76
Increased by 29.16%
EPS Next Year
3.88
from 3.56
Increased by 8.84%
Fiscal YearFY 2021FY 2022FY 2023FY 2024FY 2025FY 2026
Period EndingDec 31, 2021Dec 31, 2022Dec 31, 2023Dec 31, 2024Dec 31, 2025Dec 31, 2026
Revenue
3.34B4.42B5.30B5.96B6.80B8.17B
Revenue Growth
28.82%32.17%20.09%12.27%14.17%20.22%
Gross Profit
2.56B3.33B4.07B4.80B5.47B6.55B
Gross Margin
76.57%75.44%76.68%80.56%80.46%80.08%
Operating Income
645.80M965.00M1.24B1.80B2.07B3.04B
Net Income
606.80M857.30M1.15B1.75B1.85B2.40B
EPS
----2.763.56
EPS Growth
----16.46%29.16%
Forward PE
82.8036.1735.8940.1127.9738.17
Free Cash Flow
----2.21B3.33B
No. Analysts
-----35
EPS and Forward PE are based on non-GAAP adjusted numbers.

Revenue Forecast

Revenue202620272028
High8.2B
Avg8.2B
Low8.1B

Revenue Growth

Revenue Growth202620272028
High
21.0%
Avg
20.2%
Low
19.5%

EPS Forecast

EPS202620272028
High3.64
Avg3.56
Low3.50

EPS Growth

EPS Growth202620272028
High
31.9%
Avg
29.2%
Low
26.8%