Fortinet, Inc. (FTNT)
NASDAQ: FTNT · Real-Time Price · USD
108.69
+2.51 (2.36%)
At close: May 5, 2025, 4:00 PM
108.51
-0.18 (-0.17%)
After-hours: May 5, 2025, 4:58 PM EDT
Fortinet Stock Forecast
Stock Price Forecast
The 30 analysts with 12-month price forecasts for Fortinet stock have an average target of 104.53, with a low estimate of 67 and a high estimate of 135. The average target predicts a decrease of -3.83% from the current stock price of 108.69.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for Fortinet stock from 33 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Nov '24 | Dec '24 | Jan '25 | Feb '25 | Mar '25 | Apr '25 |
|---|---|---|---|---|---|---|
| Strong Buy | 7 | 7 | 7 | 7 | 7 | 7 |
| Buy | 5 | 6 | 6 | 5 | 5 | 5 |
| Hold | 19 | 19 | 18 | 18 | 18 | 20 |
| Sell | 1 | 1 | 1 | 1 | 1 | 1 |
| Strong Sell | 1 | 1 | 1 | 0 | 0 | 0 |
| Total | 33 | 34 | 33 | 31 | 31 | 33 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Cantor Fitzgerald | Cantor Fitzgerald | Hold Maintains $115 → $100 | Hold | Maintains | $115 → $100 | -8.00% | Apr 24, 2025 |
| Roth Capital | Roth Capital | Hold Initiates $103 | Hold | Initiates | $103 | -5.24% | Apr 23, 2025 |
| Morgan Stanley | Morgan Stanley | Buy Maintains $123 → $105 | Buy | Maintains | $123 → $105 | -3.39% | Apr 16, 2025 |
| Stephens & Co. | Stephens & Co. | Hold Initiates $108 | Hold | Initiates | $108 | -0.63% | Apr 1, 2025 |
| Jefferies | Jefferies | Hold Maintains $115 → $105 | Hold | Maintains | $115 → $105 | -3.39% | Mar 31, 2025 |
Financial Forecast
Revenue This Year
6.90B
from 5.96B
Increased by 15.84%
Revenue Next Year
7.79B
from 6.90B
Increased by 12.94%
EPS This Year
2.52
from 2.26
Increased by 11.44%
EPS Next Year
2.87
from 2.52
Increased by 14.00%
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.
Revenue Forecast
| Revenue | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|
| High | 7.3B | 9.3B | 11.3B | ||
| Avg | 6.9B | 7.8B | 9.1B | ||
| Low | 6.3B | 7.0B | 7.8B |
Revenue Growth
| Revenue Growth | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|
| High | 23.3% | 34.5% | 45.0% | ||
| Avg | 15.8% | 12.9% | 16.2% | ||
| Low | 6.5% | 1.9% | 0.1% |
EPS Forecast
| EPS | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|
| High | 3.11 | 4.14 | 4.97 | ||
| Avg | 2.52 | 2.87 | 3.43 | ||
| Low | 2.29 | 2.56 | 2.54 |
EPS Growth
| EPS Growth | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|
| High | 37.6% | 64.5% | 73.3% | ||
| Avg | 11.4% | 14.0% | 19.4% | ||
| Low | 1.5% | 1.6% | -11.6% |
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.