Fortinet, Inc. (FTNT)
NASDAQ: FTNT · Real-Time Price · USD
178.76
+2.80 (1.59%)
At close: Sep 30, 2026, 4:00 PM EDT
178.82
+0.06 (0.03%)
After-hours: Sep 30, 2026, 7:58 PM EDT

Fortinet Stock Forecast

Stock Price Forecast

According to 44 analysts polled by S&P Global, Fortinet stock has a consensus rating of "Hold" and an average price target of $164.32. The average 1-year stock price forecast is 8.08% lower than the current stock price, while the lowest is $104 (-41.82%) and the highest is $220 (+23.07%).

Price Target: $164.32 (-8.08%)
Analyst Consensus: Hold

Price Target

Chart
TargetLowAverageMedianHigh
Price$104$164.32$165$220
Change-41.82%-8.08%-7.70%+23.07%

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
RatingApr '26May '26Jun '26Jul '26Aug '26Sep '26
Strong Buy9101010108
Buy101111
Hold292927292931
Sell112111
Strong Sell334333
Total434344444444

Latest Forecasts

AnalystFirmRatingRatingActionPrice TargetUpsideDate
Bernstein
Bernstein
Hold
Maintains
$102 → $145
HoldMaintains$102 → $145-18.89%Sep 17, 2026
TD Cowen
TD Cowen
Buy
Reiterates
$215
BuyReiterates$215+20.27%Sep 16, 2026
Wedbush
Wedbush
Hold
Downgrades
$125 → $155
HoldDowngrades$125 → $155-13.29%Sep 10, 2026
Stifel Nicolaus
Stifel Nicolaus
Hold
Maintains
$175
HoldMaintains$175-2.10%Aug 27, 2026
Citi
Citi
Hold
Reiterates
$185
HoldReiterates$185+3.49%Aug 20, 2026
More Analyst Ratings

Financial Forecast

Revenue This Year
8.12B
from 6.80B
Increased by 19.41%
Revenue Next Year
9.04B
from 8.12B
Increased by 11.35%
EPS This Year
3.45
from 2.76
Increased by 25.00%
EPS Next Year
3.78
from 3.45
Increased by 9.50%
Fiscal YearFY 2021FY 2022FY 2023FY 2024FY 2025FY 2026
Period EndingDec 31, 2021Dec 31, 2022Dec 31, 2023Dec 31, 2024Dec 31, 2025Dec 31, 2026
Revenue
3.34B4.42B5.30B5.96B6.80B8.12B
Revenue Growth
28.82%32.17%20.09%12.27%14.17%19.41%
Gross Profit
2.56B3.33B4.07B4.80B5.47B6.52B
Gross Margin
76.57%75.44%76.68%80.56%80.46%80.33%
Operating Income
645.80M965.00M1.24B1.80B2.07B2.94B
Net Income
606.80M857.30M1.15B1.75B1.85B2.29B
EPS
----2.763.45
EPS Growth
----16.46%25.00%
Forward PE
82.8036.1735.8940.1127.9751.81
Free Cash Flow
----2.21B3.10B
No. Analysts
-----40
EPS and Forward PE are based on non-GAAP adjusted numbers.

Revenue Forecast

Revenue202620272028
High8.3B
Avg8.1B
Low8.1B

Revenue Growth

Revenue Growth202620272028
High
22.3%
Avg
19.4%
Low
18.5%

EPS Forecast

EPS202620272028
High3.62
Avg3.45
Low3.41

EPS Growth

EPS Growth202620272028
High
31.2%
Avg
25.0%
Low
23.6%