Fortinet, Inc. (FTNT)
NASDAQ: FTNT · IEX Real-Time Price · USD
60.78
+0.55 (0.91%)
At close: Jun 14, 2024, 4:00 PM
60.79
+0.01 (0.02%)
After-hours: Jun 14, 2024, 7:55 PM EDT

Fortinet Stock Forecast

Stock Price Forecast

The 28 analysts with 12-month price forecasts for Fortinet stock have an average target of 69.14, with a low estimate of 50 and a high estimate of 85. The average target predicts an increase of 13.75% from the current stock price of 60.78.

Analyst Consensus: Hold
Target Low Average Median High
Price $50 $69.14 $70 $85
Change -17.74% +13.75% +15.17% +39.85%

Analyst Ratings

The average analyst rating for Fortinet stock from 32 stock analysts is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.

Recommendation Trends

Rating Jan '24Feb '24Mar '24Apr '24May '24Jun '24
Strong Buy 766644
Buy 655555
Hold 202020212121
Sell 011111
Strong Sell 011111
Total 333333343232

Latest Forecasts

Analyst Firm Rating Rating Action Price Target Upside Date
Rosenblatt
Rosenblatt
Strong Buy
Maintains
$85
Strong Buy Maintains $85 +39.85% Jun 11, 2024
Needham
Needham
Hold
Reiterates
n/a
Hold Reiterates n/a n/a Jun 11, 2024
Wedbush
Wedbush
Buy
Reiterates
$78
Buy Reiterates $78 +28.33% May 22, 2024
Susquehanna
Susquehanna
Hold
Maintains
$80$65
Hold Maintains $80$65 +6.94% May 6, 2024
Scotiabank
Scotiabank
Buy
Maintains
$90$80
Buy Maintains $90$80 +31.62% May 3, 2024
More Analyst Ratings

Financial Forecast

Revenue This Year
5.92B
from 5.30B
Increased by 11.50%
Revenue Next Year
6.67B
from 5.92B
Increased by 12.81%
EPS This Year
1.80
from 1.46
Increased by 23.46%
EPS Next Year
2.00
from 1.80
Increased by 11.11%
Year 2019202020212022202320242025202620272028
Revenue
2.16B2.59B3.34B4.42B5.30B5.92B6.67B7.60B9.51B10.69B
Revenue Growth
19.86%19.94%28.82%32.17%20.09%11.50%12.81%13.91%25.17%12.33%
EPS
0.380.580.731.061.461.802.002.382.883.55
EPS Growth
-1.04%52.63%25.86%45.21%37.74%23.46%11.11%18.59%21.16%23.31%
Forward PE
-----33.7230.3525.5921.1217.13
No. Analysts -----43421854
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue 20242025202620272028
High 6.1B 7.2B 8.3B 11.0B 11.9B
Avg 5.9B 6.7B 7.6B 9.5B 10.7B
Low 5.7B 6.2B 6.9B 8.4B 9.4B

Revenue Growth

Revenue Growth 20242025202620272028
High
15.6%
21.7%
23.9%
44.2%
25.6%
Avg
11.5%
12.8%
13.9%
25.2%
12.3%
Low
6.6%
4.1%
4.0%
10.2%
-1.0%

EPS Forecast

EPS 20242025202620272028
High 2.12 2.60 3.14 3.98 4.63
Avg 1.80 2.00 2.38 2.88 3.55
Low 1.70 1.76 1.96 2.27 2.50

EPS Growth

EPS Growth 20242025202620272028
High
45.3%
44.5%
56.8%
67.6%
60.9%
Avg
23.5%
11.1%
18.6%
21.2%
23.3%
Low
16.1%
-2.1%
-2.1%
-4.3%
-13.2%
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 disclaimer.