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
Target Low Average Median High
Price $50 $70.72 $70 $90
Change -26.80% +3.53% +2.47% +31.75%
* 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 '23Nov '23Dec '23Jan '24Feb '24Mar '24
Strong Buy 1088766
Buy 966655
Hold 121919202020
Sell 000011
Strong Sell 000011
Total 313333333333

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
Strong Sell
Downgrades
$60
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
More Analyst Ratings

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%
Year 2019202020212022202320242025202620272028
Revenue
2.16B2.59B3.34B4.42B5.30B5.90B6.70B7.73B10.12B11.81B
Revenue Growth
19.86%19.94%28.82%32.17%20.09%11.20%13.58%15.36%30.99%16.65%
EPS
0.380.580.731.061.461.751.982.552.553.10
EPS Growth
-1.04%52.63%25.86%45.21%37.74%19.57%13.64%28.31%0.05%21.77%
No. Analysts -----42421343
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue 20242025202620272028
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 20242025202620272028
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 20242025202620272028
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 20242025202620272028
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.