Fortinet Inc has a consensus price target of $105.1 based on the ratings of 32 analysts. The high is $135 issued by Scotiabank on February 7, 2025. The low is $67 issued by Evercore ISI Group on May 3, 2024. The 3 most-recent analyst ratings were released by Morgan Stanley, Stephens & Co., and Jefferies on April 16, 2025, April 1, 2025, and March 31, 2025, respectively. With an average price target of $106 between Morgan Stanley, Stephens & Co., and Jefferies, there's an implied 9.29% upside for Fortinet Inc from these most-recent analyst ratings.
1calculated from analyst ratings
Buy Now | Get Alert | |||||||
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04/16/2025 | Buy Now | 8.26% | Morgan Stanley | Hamza Fodderwala75% | $123 → $105 | Maintains | Overweight | Get Alert |
04/01/2025 | Buy Now | 11.36% | Stephens & Co. | Todd Weller 41% | → $108 | Initiates | → Equal-Weight | Get Alert |
03/31/2025 | Buy Now | 8.26% | Jefferies | Joseph Gallo73% | $115 → $105 | Maintains | Hold | Get Alert |
03/18/2025 | Buy Now | 26.82% | Morgan Stanley | Hamza Fodderwala75% | $113 → $123 | Maintains | Overweight | Get Alert |
02/10/2025 | Buy Now | 13.42% | Susquehanna | Shyam Patil66% | $90 → $110 | Maintains | Neutral | Get Alert |
02/07/2025 | Buy Now | 18.57% | RBC Capital | Dan Bergstrom40% | $97 → $115 | Maintains | Sector Perform | Get Alert |
02/07/2025 | Buy Now | 18.57% | Cantor Fitzgerald | Jonathan Ruykhaver68% | $110 → $115 | Maintains | Neutral | Get Alert |
02/07/2025 | Buy Now | 34.04% | Goldman Sachs | Gabriela Borges63% | $114 → $130 | Maintains | Buy | Get Alert |
02/07/2025 | Buy Now | 39.2% | Scotiabank | Patrick Colville55% | $115 → $135 | Maintains | Sector Outperform | Get Alert |
02/07/2025 | Buy Now | — | Guggenheim | John Difucci65% | — | Reiterates | Neutral → Neutral | Get Alert |
02/07/2025 | Buy Now | 18.57% | Stifel | Adam Borg71% | $103 → $115 | Maintains | Hold | Get Alert |
02/07/2025 | Buy Now | 8.26% | Wells Fargo | Andrew Nowinski63% | $85 → $105 | Maintains | Equal-Weight | Get Alert |
02/07/2025 | Buy Now | 39.2% | Piper Sandler | Rob Owens82% | $120 → $135 | Reiterates | Overweight → Overweight | Get Alert |
02/07/2025 | Buy Now | 28.89% | Rosenblatt | Catharine Trebnick67% | $115 → $125 | Maintains | Buy | Get Alert |
02/07/2025 | Buy Now | — | Needham | Matt Dezort23% | — | Reiterates | Hold → Hold | Get Alert |
02/04/2025 | Buy Now | 13.42% | Cantor Fitzgerald | Jonathan Ruykhaver68% | $95 → $110 | Maintains | Neutral | Get Alert |
02/03/2025 | Buy Now | 15.48% | Baird | Shrenik Kothari74% | $105 → $112 | Downgrade | Outperform → Neutral | Get Alert |
01/24/2025 | Buy Now | — | Guggenheim | John Difucci65% | — | Reiterates | Neutral → Neutral | Get Alert |
01/21/2025 | Buy Now | 18.57% | Rosenblatt | Catharine Trebnick67% | $100 → $115 | Maintains | Buy | Get Alert |
01/21/2025 | Buy Now | 18.57% | Scotiabank | Patrick Colville55% | $110 → $115 | Maintains | Sector Outperform | Get Alert |
01/17/2025 | Buy Now | 4.14% | Citigroup | Fatima Boolani73% | $100 → $101 | Maintains | Neutral | Get Alert |
01/14/2025 | Buy Now | — | Raymond James | Adam Tindle67% | — | Downgrade | Outperform → Market Perform | Get Alert |
01/06/2025 | Buy Now | 23.73% | Piper Sandler | Rob Owens82% | $100 → $120 | Upgrade | Neutral → Overweight | Get Alert |
01/02/2025 | Buy Now | 17.54% | Goldman Sachs | Gabriela Borges63% | $100 → $114 | Maintains | Buy | Get Alert |
12/19/2024 | Buy Now | 8.26% | Jefferies | Joseph Gallo73% | $95 → $105 | Maintains | Hold | Get Alert |
12/19/2024 | Buy Now | 18.57% | Keybanc | Eric Heath59% | → $115 | Upgrade | Sector Weight → Overweight | Get Alert |
12/18/2024 | Buy Now | 6.2% | Stifel | Adam Borg71% | $90 → $103 | Maintains | Hold | Get Alert |
12/16/2024 | Buy Now | 8.26% | JP Morgan | Brian Essex69% | $99 → $105 | Maintains | Neutral | Get Alert |
12/13/2024 | Buy Now | -19.58% | Mizuho | Gregg Moskowitz69% | $68 → $78 | Maintains | Underperform | Get Alert |
11/22/2024 | Buy Now | — | Needham | Matt Dezort23% | — | Reiterates | → Hold | Get Alert |
11/20/2024 | Buy Now | 8.26% | Truist Securities | Joel Fishbein74% | $85 → $105 | Reiterates | Buy → Buy | Get Alert |
11/20/2024 | Buy Now | 13.42% | Scotiabank | Patrick Colville55% | $85 → $110 | Maintains | Sector Outperform | Get Alert |
11/20/2024 | Buy Now | 3.11% | Rosenblatt | Catharine Trebnick67% | $90 → $100 | Maintains | Buy | Get Alert |
11/19/2024 | Buy Now | 7.23% | B of A Securities | Tal Liani75% | $87 → $104 | Maintains | Buy | Get Alert |
11/19/2024 | Buy Now | 8.26% | Wedbush | Daniel Ives78% | $90 → $105 | Maintains | Outperform | Get Alert |
11/19/2024 | Buy Now | 3.11% | Piper Sandler | Rob Owens82% | $80 → $100 | Maintains | Neutral | Get Alert |
11/19/2024 | Buy Now | 8.26% | TD Cowen | Shaul Eyal77% | $90 → $105 | Maintains | Buy | Get Alert |
11/19/2024 | Buy Now | 3.11% | BMO Capital | Keith Bachman79% | $88 → $100 | Reiterates | Market Perform → Market Perform | Get Alert |
11/19/2024 | Buy Now | 0.02% | RBC Capital | Dan Bergstrom40% | $82 → $97 | Maintains | Sector Perform | Get Alert |
11/19/2024 | Buy Now | -12.36% | Wells Fargo | Andrew Nowinski63% | $80 → $85 | Maintains | Equal-Weight | Get Alert |
11/19/2024 | Buy Now | -7.2% | Stifel | Adam Borg71% | $84 → $90 | Maintains | Hold | Get Alert |
11/19/2024 | Buy Now | -2.05% | Cantor Fitzgerald | Jonathan Ruykhaver68% | $88 → $95 | Maintains | Neutral | Get Alert |
11/19/2024 | Buy Now | 3.11% | Baird | Shrenik Kothari74% | $95 → $100 | Maintains | Outperform | Get Alert |
11/19/2024 | Buy Now | 9.29% | Morgan Stanley | Hamza Fodderwala75% | $105 → $106 | Maintains | Overweight | Get Alert |
11/19/2024 | Buy Now | -7.2% | Deutsche Bank | Brad Zelnick69% | $77 → $90 | Maintains | Hold | Get Alert |
11/13/2024 | Buy Now | -2.05% | Baird | Shrenik Kothari74% | $88 → $95 | Maintains | Outperform | Get Alert |
11/11/2024 | Buy Now | 14.45% | HSBC | Stephen Bersey64% | $83 → $111 | Upgrade | Hold → Buy | Get Alert |
11/11/2024 | Buy Now | — | Needham | Matt Dezort23% | — | Reiterates | → Hold | Get Alert |
11/08/2024 | Buy Now | -7.2% | Rosenblatt | Catharine Trebnick67% | $85 → $90 | Maintains | Buy | Get Alert |
11/08/2024 | Buy Now | -2.05% | Barclays | Saket Kalia77% | $85 → $95 | Maintains | Equal-Weight | Get Alert |
11/08/2024 | Buy Now | -2.05% | Raymond James | Adam Tindle67% | $85 → $95 | Maintains | Outperform | Get Alert |
11/08/2024 | Buy Now | -14.42% | UBS | Roger Boyd67% | $70 → $83 | Maintains | Neutral | Get Alert |
11/08/2024 | Buy Now | -7.2% | Wedbush | Daniel Ives78% | $78 → $90 | Maintains | Outperform | Get Alert |
11/08/2024 | Buy Now | -12.36% | Scotiabank | Patrick Colville55% | $75 → $85 | Maintains | Sector Outperform | Get Alert |
11/08/2024 | Buy Now | -17.51% | Piper Sandler | Rob Owens82% | $70 → $80 | Maintains | Neutral | Get Alert |
11/08/2024 | Buy Now | -9.26% | Baird | Shrenik Kothari74% | $80 → $88 | Maintains | Outperform | Get Alert |
10/31/2024 | Buy Now | -12.36% | Rosenblatt | Catharine Trebnick67% | $72 → $85 | Maintains | Buy | Get Alert |
10/29/2024 | Buy Now | -9.26% | Cantor Fitzgerald | Yi Fu Lee80% | $65 → $88 | Maintains | Neutral | Get Alert |
10/23/2024 | Buy Now | -12.36% | Truist Securities | Joel Fishbein74% | $70 → $85 | Maintains | Buy | Get Alert |
10/17/2024 | Buy Now | -29.89% | Mizuho | Gregg Moskowitz69% | $68 → $68 | Downgrade | Neutral → Underperform | Get Alert |
10/09/2024 | Buy Now | -7.2% | TD Cowen | Shaul Eyal77% | $75 → $90 | Maintains | Buy | Get Alert |
10/07/2024 | Buy Now | -12.36% | Barclays | Saket Kalia77% | $74 → $85 | Maintains | Equal-Weight | Get Alert |
09/13/2024 | Buy Now | -21.64% | Citigroup | Fatima Boolani73% | $66 → $76 | Maintains | Neutral | Get Alert |
08/08/2024 | Buy Now | -27.82% | Susquehanna | Shyam Patil66% | $65 → $70 | Maintains | Neutral | Get Alert |
08/07/2024 | Buy Now | -31.95% | Citigroup | Fatima Boolani73% | $65 → $66 | Maintains | Neutral | Get Alert |
08/07/2024 | Buy Now | -22.67% | Scotiabank | Patrick Colville55% | $61 → $70 | Maintains | Sector Outperform | Get Alert |
08/07/2024 | Buy Now | -32.98% | Cantor Fitzgerald | Yi Fu Lee80% | $55 → $65 | Maintains | Neutral | Get Alert |
08/07/2024 | Buy Now | -22.67% | Deutsche Bank | Brad Zelnick69% | $71 → $75 | Maintains | Hold | Get Alert |
08/07/2024 | Buy Now | -27.82% | JP Morgan | Brian Essex69% | $63 → $70 | Maintains | Neutral | Get Alert |
08/07/2024 | Buy Now | -25.76% | RBC Capital | Dan Bergstrom40% | $68 → $72 | Maintains | Sector Perform | Get Alert |
08/07/2024 | Buy Now | -17.51% | Baird | Shrenik Kothari74% | $75 → $80 | Maintains | Outperform | Get Alert |
08/07/2024 | Buy Now | -19.58% | Wedbush | Daniel Ives78% | $78 → $78 | Reiterates | Outperform → Outperform | Get Alert |
08/07/2024 | Buy Now | -21.64% | BMO Capital | Keith Bachman79% | $70 → $76 | Maintains | Market Perform | Get Alert |
08/07/2024 | Buy Now | -27.82% | UBS | Roger Boyd67% | $69 → $70 | Maintains | Neutral | Get Alert |
08/07/2024 | Buy Now | -34.01% | Wells Fargo | Andrew Nowinski63% | $62 → $64 | Maintains | Equal-Weight | Get Alert |
08/07/2024 | Buy Now | -25.76% | Rosenblatt | Catharine Trebnick67% | $68 → $72 | Maintains | Buy | Get Alert |
08/07/2024 | Buy Now | — | Needham | Matt Dezort23% | — | Reiterates | → Hold | Get Alert |
08/05/2024 | Buy Now | -29.89% | Rosenblatt | Catharine Trebnick67% | $85 → $68 | Maintains | Buy | Get Alert |
07/30/2024 | Buy Now | -32.98% | Citigroup | Fatima Boolani73% | $68 → $65 | Maintains | Neutral | Get Alert |
07/29/2024 | Buy Now | — | Guggenheim | John Difucci65% | — | Downgrade | Buy → Neutral | Get Alert |
07/18/2024 | Buy Now | -22.67% | TD Cowen | Shaul Eyal77% | → $75 | Upgrade | Hold → Buy | Get Alert |
07/17/2024 | Buy Now | -28.86% | Morgan Stanley | Hamza Fodderwala75% | $73 → $69 | Maintains | Overweight | Get Alert |
07/11/2024 | Buy Now | -27.82% | Barclays | Saket Kalia77% | $75 → $70 | Maintains | Equal-Weight | Get Alert |
06/25/2024 | Buy Now | -16.48% | Guggenheim | Raymond McDonough65% | $81 → $81 | Reiterates | Buy → Buy | Get Alert |
06/11/2024 | Buy Now | -12.36% | Rosenblatt | Catharine Trebnick67% | $85 → $85 | Maintains | Buy | Get Alert |
06/11/2024 | Buy Now | — | Needham | Matt Dezort23% | — | Reiterates | → Hold | Get Alert |
05/22/2024 | Buy Now | -19.58% | Wedbush | Daniel Ives78% | $78 → $78 | Reiterates | Outperform → Outperform | Get Alert |
05/06/2024 | Buy Now | -32.98% | Susquehanna | Shyam Patil66% | $80 → $65 | Maintains | Neutral | Get Alert |
05/03/2024 | Buy Now | -17.51% | Scotiabank | Patrick Colville55% | $90 → $80 | Maintains | Sector Outperform | Get Alert |
05/03/2024 | Buy Now | -35.04% | JP Morgan | Brian Essex69% | $67 → $63 | Maintains | Neutral | Get Alert |
05/03/2024 | Buy Now | -44.32% | HSBC | Stephen Bersey64% | $57 → $54 | Maintains | Reduce | Get Alert |
05/03/2024 | Buy Now | -36.07% | Wells Fargo | Andrew Nowinski63% | $70 → $62 | Maintains | Equal-Weight | Get Alert |
05/03/2024 | Buy Now | -29.89% | RBC Capital | Dan Bergstrom40% | $71 → $68 | Maintains | Sector Perform | Get Alert |
05/03/2024 | Buy Now | -24.73% | Morgan Stanley | Hamza Fodderwala75% | $81 → $73 | Maintains | Overweight | Get Alert |
05/03/2024 | Buy Now | -30.92% | Evercore ISI Group | Amit Daryanani70% | $72 → $67 | Maintains | In-Line | Get Alert |
05/03/2024 | Buy Now | -27.82% | BMO Capital | Keith Bachman79% | $82 → $70 | Maintains | Market Perform | Get Alert |
05/03/2024 | Buy Now | -43.29% | Cantor Fitzgerald | Yi Fu Lee80% | $65 → $55 | Maintains | Neutral | Get Alert |
05/03/2024 | Buy Now | -19.58% | Wedbush | Daniel Ives78% | $86 → $78 | Maintains | Outperform | Get Alert |
05/03/2024 | Buy Now | -22.67% | Barclays | Saket Kalia77% | $80 → $75 | Maintains | Equal-Weight | Get Alert |
05/03/2024 | Buy Now | -27.82% | Truist Securities | Joel Fishbein74% | $80 → $70 | Maintains | Buy | Get Alert |
The latest price target for Fortinet (NASDAQ:FTNT) was reported by Morgan Stanley on April 16, 2025. The analyst firm set a price target for $105.00 expecting FTNT to rise to within 12 months (a possible 8.26% upside). 100 analyst firms have reported ratings in the last year.
The latest analyst rating for Fortinet (NASDAQ:FTNT) was provided by Morgan Stanley, and Fortinet maintained their overweight rating.
The last upgrade for Fortinet Inc happened on January 6, 2025 when Piper Sandler raised their price target to $120. Piper Sandler previously had a neutral for Fortinet Inc.
The last downgrade for Fortinet Inc happened on February 3, 2025 when Baird changed their price target from $105 to $112 for Fortinet Inc.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Fortinet, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Fortinet was filed on April 16, 2025 so you should expect the next rating to be made available sometime around April 16, 2026.
While ratings are subjective and will change, the latest Fortinet (FTNT) rating was a maintained with a price target of $123.00 to $105.00. The current price Fortinet (FTNT) is trading at is $96.99, which is out of the analyst’s predicted range.
Browse analyst ratings and price targets on all stocks.
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