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 $159.51. The average 1-year stock price forecast is 1.51% lower than the current stock price, while the lowest is $86 (-46.90%) and the highest is $220 (+35.84%).

Price Target: $159.51 (-1.51%)

Analyst Consensus: Hold

Price Target

Chart

Target	Low	Average	Median	High
Price	$86	$159.51	$165	$220
Change	-46.90%	-1.51%	+1.88%	+35.84%

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

Rating	Feb '26	Mar '26	Apr '26	May '26	Jun '26	Jul '26
Strong Buy	9	9	9	10	10	10
Buy	1	1	1	0	1	1
Hold	29	29	29	29	27	29
Sell	1	1	1	1	2	1
Strong Sell	2	3	3	3	4	2
Total	42	43	43	43	44	43

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Shyam Patil Susquehanna	Susquehanna	Hold Maintains $115 → $160	Hold	Maintains	$115 → $160	-1.20%	Jul 31, 2026
Jonathan Ho William Blair	William Blair	Hold Maintains n/a	Hold	Maintains	n/a	n/a	Jul 30, 2026
Joseph Gallo Jefferies	Jefferies	Hold Maintains $190	Hold	Maintains	$190	+17.32%	Jul 30, 2026
Brian Essex J.P. Morgan	J.P. Morgan	Sell Reiterates $100 → $118	Sell	Reiterates	$100 → $118	-27.14%	Jul 30, 2026
Peter Levine Evercore ISI	Evercore ISI	Hold Maintains $150 → $165	Hold	Maintains	$150 → $165	+1.88%	Jul 30, 2026

More Analyst Ratings

Financial Forecast

Revenue This Year

7.81B

from 6.80B

14.91%

from 6.80B

Revenue Next Year

8.64B

from 7.81B

10.57%

from 7.81B

EPS This Year

3.16

from 2.76

14.48%

from 2.76

EPS Next Year

3.43

from 3.16

8.41%

from 3.16

Fiscal Year	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026
Period Ending	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026
Revenue	3.34B	4.42B	5.30B	5.96B	6.80B	7.81B
Revenue Growth	28.82%	32.17%	20.09%	12.27%	14.17%	14.91%
Gross Profit	2.56B	3.33B	4.07B	4.80B	5.47B	6.26B
Gross Margin	76.57%	75.44%	76.68%	80.56%	80.46%	80.16%
Operating Income	645.80M	965.00M	1.24B	1.80B	2.07B	2.71B
Net Income	606.80M	857.30M	1.15B	1.75B	1.85B	2.06B
EPS	-	-	-	-	2.76	3.16
EPS Growth	-	-	-	-	16.46%	14.48%
Forward PE	82.80	36.17	35.89	40.11	27.97	51.26
Free Cash Flow	905.51M	1.06B	1.44B	1.83B	1.75B	2.71B
No. Analysts	-	-	-	-	-	41

EPS and Forward PE are based on non-GAAP adjusted numbers.

Revenue Forecast

Chart

Revenue	2026	2027	2028
High	8.0B
Avg	7.8B
Low	7.8B

Revenue Growth

Chart

Revenue Growth	2026	2027	2028
High	18.1%
Avg	14.9%
Low	14.2%

EPS Forecast

Chart

EPS	2026	2027	2028
High	3.37
Avg	3.16
Low	3.11

EPS Growth

Chart

EPS Growth	2026	2027	2028
High	22.1%
Avg	14.5%
Low	12.7%