Fortinet Stock Forecast

Stock Price Forecast

The 28 analysts with 12-month price forecasts for Fortinet stock have an average target of 105.04, with a low estimate of 67 and a high estimate of 135. The average target predicts a decrease of -4.53% from the current stock price of 110.02.

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$67	$105.04	$105	$135
Change	-39.10%	-4.53%	-4.56%	+22.70%

Analyst Ratings

The average analyst rating for Fortinet stock from 31 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	Sep '24	Oct '24	Nov '24	Dec '24	Jan '25	Feb '25
Strong Buy	5	5	7	7	7	7
Buy	4	4	5	6	6	5
Hold	22	21	19	19	18	18
Sell	1	2	1	1	1	1
Strong Sell	1	1	1	1	1	0
Total	33	33	33	34	33	31

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Shyam Patil Susquehanna	Susquehanna	Hold Maintains $90 → $110	Hold	Maintains	$90 → $110	-0.02%	Feb 10, 2025
Dan Bergstrom RBC Capital	RBC Capital	Hold Maintains $97 → $115	Hold	Maintains	$97 → $115	+4.53%	Feb 7, 2025
Jonathan Ruykhaver Cantor Fitzgerald	Cantor Fitzgerald	Hold Maintains $110 → $115	Hold	Maintains	$110 → $115	+4.53%	Feb 7, 2025
Gabriela Borges Goldman Sachs	Goldman Sachs	Strong Buy Maintains $114 → $130	Strong Buy	Maintains	$114 → $130	+18.16%	Feb 7, 2025
Patrick Colville Scotiabank	Scotiabank	Buy Maintains $115 → $135	Buy	Maintains	$115 → $135	+22.70%	Feb 7, 2025

More Analyst Ratings

Financial Forecast

Revenue This Year

6.77B

from 5.96B

13.59%

from 5.96B

Revenue Next Year

7.65B

from 6.77B

13.01%

from 6.77B

EPS This Year

2.52

from 2.26

11.68%

from 2.26

EPS Next Year

2.88

from 2.52

14.01%

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	6.77B	7.65B	9.06B
Revenue Growth	19.94%	28.82%	32.17%	20.09%	12.27%	13.59%	13.01%	18.48%
EPS	0.58	0.73	1.06	1.46	2.26	2.52	2.88	3.48
EPS Growth	52.63%	25.86%	45.21%	37.74%	54.79%	11.68%	14.01%	20.90%
Forward PE	-	-	-	-	-	43.59	38.24	31.63
No. Analysts	-	-	-	-	-	43	42	14

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

Revenue Forecast

Revenue	2025	2026	2027
High	7.3B	9.1B	11.0B
Avg	6.8B	7.6B	9.1B
Low	6.3B	6.9B	8.0B

Revenue Growth

Revenue Growth	2025	2026	2027
High	21.7%	34.7%	43.3%
Avg	13.6%	13.0%	18.5%
Low	5.8%	1.9%	5.2%

EPS Forecast

EPS	2025	2026	2027
High	3.11	4.14	4.97
Avg	2.52	2.88	3.48
Low	2.36	2.56	2.54

EPS Growth

EPS Growth	2025	2026	2027
High	37.6%	64.1%	72.9%
Avg	11.7%	14.0%	20.9%
Low	4.3%	1.3%	-11.8%

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.