Fortinet, Inc. (FTNT)
NASDAQ: FTNT · IEX Real-Time Price · USD
68.31
+1.04 (1.55%)
At close: Mar 28, 2024, 4:00 PM
68.30
-0.01 (-0.01%)
After-hours: Mar 28, 2024, 6:53 PM EDT
Fortinet Stock Forecast
Stock Price Forecast
The 29 analysts with 12-month price forecasts for Fortinet stock have an average target of 70.72, with a low estimate of 50 and a high estimate of 90. The average target predicts an increase of 3.53% from the current stock price of 68.31.
Analyst Consensus: Buy
* Price targets were last updated on Feb 12, 2024.
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 | Oct '23 | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 |
---|---|---|---|---|---|---|
Strong Buy | 10 | 8 | 8 | 7 | 6 | 6 |
Buy | 9 | 6 | 6 | 6 | 5 | 5 |
Hold | 12 | 19 | 19 | 20 | 20 | 20 |
Sell | 0 | 0 | 0 | 0 | 1 | 1 |
Strong Sell | 0 | 0 | 0 | 0 | 1 | 1 |
Total | 31 | 33 | 33 | 33 | 33 | 33 |
Latest Forecasts
Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
---|---|---|---|---|---|---|---|
Cantor Fitzgerald | Cantor Fitzgerald | Hold Maintains $75 → $65 | Hold | Maintains | $75 → $65 | -4.85% | Feb 12, 2024 |
Goldman Sachs | Goldman Sachs | Strong Buy Maintains $60 → $85 | Strong Buy | Maintains | $60 → $85 | +24.43% | Feb 8, 2024 |
DZ Bank | DZ Bank | Hold → Strong Sell Downgrades $60 | Hold → Strong Sell | Downgrades | $60 | -12.17% | Feb 8, 2024 |
Stifel | Stifel | Hold Maintains $52 → $78 | Hold | Maintains | $52 → $78 | +14.19% | Feb 7, 2024 |
Truist Securities | Truist Securities | Strong Buy Maintains $60 → $80 | Strong Buy | Maintains | $60 → $80 | +17.11% | Feb 7, 2024 |
Financial Forecast
Revenue This Year
5.90B
from 5.30B
Increased by 11.20%
Revenue Next Year
6.70B
from 5.90B
Increased by 13.58%
EPS This Year
1.75
from 1.46
Increased by 19.57%
EPS Next Year
1.98
from 1.75
Increased by 13.64%
Revenue Forecast
Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
---|---|---|---|---|---|
High | 6.3B | 7.5B | 8.8B | 11.0B | 12.9B |
Avg | 5.9B | 6.7B | 7.7B | 10.1B | 11.8B |
Low | 5.6B | 6.1B | 7.1B | 9.5B | 10.8B |
Revenue Growth
Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
---|---|---|---|---|---|
High | 17.9% | 28.0% | 31.1% | 41.8% | 27.0% |
Avg | 11.2% | 13.6% | 15.4% | 31.0% | 16.7% |
Low | 5.7% | 3.8% | 5.6% | 22.8% | 6.2% |
EPS Forecast
EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
---|---|---|---|---|---|
High | 2.25 | 3.08 | 4.08 | 2.77 | 3.19 |
Avg | 1.75 | 1.98 | 2.55 | 2.55 | 3.10 |
Low | 1.62 | 1.73 | 1.93 | 2.31 | 2.98 |
EPS Growth
EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
---|---|---|---|---|---|
High | 53.9% | 76.2% | 105.9% | 8.9% | 25.3% |
Avg | 19.6% | 13.6% | 28.3% | 0.0% | 21.8% |
Low | 10.8% | -0.6% | -2.7% | -9.4% | 17.0% |
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.