Fortinet, Inc. (FTNT)

NASDAQ: FTNT · IEX Real-Time Price · USD
59.13
+2.33 (4.10%)
At close: Jun 24, 2022 4:00 PM
59.60
+0.47 (0.79%)
Pre-market: Jun 27, 2022 7:30 AM EDT

Stock Price Forecast

According to 37 stock analysts, the average 12-month stock price forecast for Fortinet stock is $73.02, which predicts an increase of 23.49%. The lowest target is $58.78 and the highest is $89.25. On average, analysts rate Fortinet stock as a buy.
Analyst Consensus: Buy
Target Low Average Median High
Price $58.78 $73.02 $71.71 $89.25
Change -0.59% +23.49% +21.28% +50.94%

Analyst Ratings

The average analyst rating for Fortinet stock from 37 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 Jan '22Feb '22Mar '22Apr '22May '22Jun '22
Strong Buy 10111110910
Buy 131313141414
Hold 131314141413
Sell 111110
Strong Sell 000000
Total 373839393837

Financial Forecast

Revenue This Year
4.47B
Increased by 33.77%
Revenue Next Year
5.43B
Increased by 21.52%
EPS This Year
5.21
Increased by 600.20%
EPS Next Year
6.33
Increased by 21.60%
Year 2017201820192020202120222023202420252026
Revenue
1.49B1.80B2.16B2.59B3.34B4.47B5.43B6.60B7.86B9.55B
Revenue Growth
17.21%
20.72%
19.86%
19.94%
28.82%
33.77%
21.52%
21.48%
19.12%
21.50%
EPS
0.040.400.390.600.745.216.337.669.1111.04
EPS Growth
-5.26%
1,000.00%
-2.02%
53.61%
24.83%
600.20%
21.60%
20.92%
18.88%
21.26%
No. Analysts -----31321177

Revenue Forecast

Revenue 20222023202420252026
High 4.7B 6.0B 7.3B 8.3B 9.9B
Avg 4.5B 5.4B 6.6B 7.9B 9.6B
Low 4.2B 5.0B 5.6B 7.6B 9.3B

Revenue Growth

Revenue Growth 20222023202420252026
High
37.0%
33.7%
33.6%
25.1%
26.4%
Avg
31.4%
21.5%
21.5%
19.1%
21.5%
Low
24.4%
11.1%
3.1%
15.5%
17.9%

EPS Forecast

EPS 20222023202420252026
High 5.53 7.09 8.79 9.56 11.48
Avg 5.21 6.33 7.66 9.11 11.04
Low 4.91 5.68 6.58 8.83 10.71

EPS Growth

EPS Growth 20222023202420252026
High
38.8%
36.0%
38.7%
24.8%
26.1%
Avg
30.7%
21.6%
20.9%
18.9%
21.3%
Low
23.2%
9.1%
3.8%
15.3%
17.6%