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 $99.04, which forecasts a -15.85% decrease in the stock price over the next year. The lowest target is $70 and the highest is $125.

Price Target: $99.04 (-15.85%)

Analyst Consensus: Hold

Target	Low	Average	Median	High
Price	$70	$99.04	$100	$125
Change	-40.52%	-15.85%	-15.03%	+6.21%

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	Dec '25	Jan '26	Feb '26	Mar '26	Apr '26	May '26
Strong Buy	3	5	3	3	3	5
Buy	3	3	2	2	1	1
Hold	23	20	18	18	17	18
Sell	3	3	3	4	4	4
Strong Sell	0	0	0	0	0	0
Total	32	31	26	27	25	28

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Fatima Boolani Citigroup	Citigroup	Hold Maintains $90 → $115	Hold	Maintains	$90 → $115	-2.29%	May 8, 2026
Saket Kalia Barclays	Barclays	Hold Maintains $88 → $115	Hold	Maintains	$88 → $115	-2.29%	May 8, 2026
Shyam Patil Susquehanna	Susquehanna	Hold Maintains $90 → $115	Hold	Maintains	$90 → $115	-2.29%	May 8, 2026
Roger Boyd UBS	UBS	Hold Maintains $90 → $115	Hold	Maintains	$90 → $115	-2.29%	May 7, 2026
Shaul Eyal TD Cowen	TD Cowen	Strong Buy Maintains $100 → $125	Strong Buy	Maintains	$100 → $125	+6.21%	May 7, 2026

More Analyst Ratings

Financial Forecast

Revenue This Year

7.75B

Increased by 14.04%

from 6.80B

Revenue Next Year

8.57B

Increased by 10.50%

from 7.75B

EPS This Year

3.04

Increased by 25.56%

from 2.42

EPS Next Year

3.38

Increased by 11.11%

from 3.04

Fiscal Year	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027
Period Ending	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026	Dec 31, 2027
Revenue	3.34B	4.42B	5.30B	5.96B	6.80B	7.75B	8.57B
Revenue Growth	28.82%	32.17%	20.09%	12.27%	14.17%	14.04%	10.50%
EPS	0.73	1.06	1.46	2.26	2.42	3.04	3.38
EPS Growth	25.86%	45.21%	37.74%	54.80%	7.08%	25.56%	11.11%
Forward PE	-	-	-	-	-	38.73	34.86
No. Analysts	-	-	-	-	-	46	45

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

Revenue Forecast

Revenue	2026	2027	2028	2029	2030	2031	2032	2033
High	8.1B	9.0B
Avg	7.8B	8.6B
Low	7.4B	8.0B

Revenue Growth

Revenue Growth	2026	2027	2028	2029	2030	2031	2032	2033
High	18.4%	16.7%
Avg	14.0%	10.5%
Low	8.3%	2.9%

EPS Forecast

EPS	2026	2027	2028	2029	2030	2031
High	3.29	4.00
Avg	3.04	3.38
Low	2.85	2.91

EPS Growth

EPS Growth	2026	2027	2028	2029	2030	2031
High	35.8%	31.7%
Avg	25.6%	11.1%
Low	17.8%	-4.2%

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 sources.