Bulls vs Bears
Click to unlock major analysts' bullish and bearish positions by joining Benzinga Edge.
Click to unlock major analysts' bullish and bearish positions by joining Benzinga Edge.
Fortinet Inc has a consensus price target of $104.38 based on the ratings of 32 analysts. The high is $135 issued by Piper Sandler on February 7, 2025. The low is $78 issued by Mizuho on December 13, 2024. The 3 most-recent analyst ratings were released by UBS, RBC Capital, and Keybanc on May 8, 2025, respectively. With an average price target of $108.33 between UBS, RBC Capital, and Keybanc, there's an implied 5.38% upside for Fortinet Inc from these most-recent analyst ratings.
1calculated from analyst ratings
Buy Now | Get Alert | |||||||
---|---|---|---|---|---|---|---|---|
05/08/2025 | Buy Now | 2.14% | UBS | Roger Boyd69% | $115 → $105 | Maintains | Neutral | Get Alert |
05/08/2025 | Buy Now | 2.14% | RBC Capital | Dan Bergstrom40% | $110 → $105 | Maintains | Sector Perform | Get Alert |
05/08/2025 | Buy Now | 11.87% | Keybanc | Eric Heath77% | $120 → $115 | Maintains | Overweight | Get Alert |
05/08/2025 | Buy Now | 11.87% | Scotiabank | Patrick Colville59% | $135 → $115 | Maintains | Sector Outperform | Get Alert |
05/08/2025 | Buy Now | -7.59% | Wells Fargo | Andrew Nowinski67% | $105 → $95 | Maintains | Equal-Weight | Get Alert |
05/08/2025 | Buy Now | -7.59% | Stifel | Adam Borg76% | $115 → $95 | Maintains | Hold | Get Alert |
05/08/2025 | Buy Now | 5.06% | Baird | Shrenik Kothari78% | $113 → $108 | Maintains | Neutral | Get Alert |
05/06/2025 | Buy Now | 9.92% | Baird | Shrenik Kothari78% | $110 → $113 | Maintains | Neutral | Get Alert |
04/24/2025 | Buy Now | -2.72% | Cantor Fitzgerald | Jonathan Ruykhaver72% | $115 → $100 | Maintains | Neutral | Get Alert |
04/23/2025 | Buy Now | 0.19% | Roth Capital | Taz Koujalgi82% | → $103 | Initiates | → Neutral | Get Alert |
04/16/2025 | Buy Now | 2.14% | Morgan Stanley | Hamza Fodderwala76% | $123 → $105 | Maintains | Overweight | Get Alert |
04/01/2025 | Buy Now | 5.06% | Stephens & Co. | Todd Weller 68% | → $108 | Initiates | → Equal-Weight | Get Alert |
03/31/2025 | Buy Now | 2.14% | Jefferies | Joseph Gallo74% | $115 → $105 | Maintains | Hold | Get Alert |
03/18/2025 | Buy Now | 19.65% | Morgan Stanley | Hamza Fodderwala76% | $113 → $123 | Maintains | Overweight | Get Alert |
02/10/2025 | Buy Now | 7% | Susquehanna | Shyam Patil69% | $90 → $110 | Maintains | Neutral | Get Alert |
02/07/2025 | Buy Now | 11.87% | RBC Capital | Dan Bergstrom40% | $97 → $115 | Maintains | Sector Perform | Get Alert |
02/07/2025 | Buy Now | 11.87% | Cantor Fitzgerald | Jonathan Ruykhaver72% | $110 → $115 | Maintains | Neutral | Get Alert |
02/07/2025 | Buy Now | 26.46% | Goldman Sachs | Gabriela Borges68% | $114 → $130 | Maintains | Buy | Get Alert |
02/07/2025 | Buy Now | 31.32% | Scotiabank | Patrick Colville59% | $115 → $135 | Maintains | Sector Outperform | Get Alert |
02/07/2025 | Buy Now | — | Guggenheim | John Difucci70% | — | Reiterates | Neutral → Neutral | Get Alert |
02/07/2025 | Buy Now | 11.87% | Stifel | Adam Borg76% | $103 → $115 | Maintains | Hold | Get Alert |
02/07/2025 | Buy Now | 2.14% | Wells Fargo | Andrew Nowinski67% | $85 → $105 | Maintains | Equal-Weight | Get Alert |
02/07/2025 | Buy Now | 31.32% | Piper Sandler | Rob Owens82% | $120 → $135 | Reiterates | Overweight → Overweight | Get Alert |
02/07/2025 | Buy Now | 21.6% | Rosenblatt | Catharine Trebnick70% | $115 → $125 | Maintains | Buy | Get Alert |
02/07/2025 | Buy Now | — | Needham | Matt Dezort48% | — | Reiterates | Hold → Hold | Get Alert |
02/04/2025 | Buy Now | 7% | Cantor Fitzgerald | Jonathan Ruykhaver72% | $95 → $110 | Maintains | Neutral | Get Alert |
02/03/2025 | Buy Now | 8.95% | Baird | Shrenik Kothari78% | $105 → $112 | Downgrade | Outperform → Neutral | Get Alert |
01/24/2025 | Buy Now | — | Guggenheim | John Difucci70% | — | Reiterates | Neutral → Neutral | Get Alert |
01/21/2025 | Buy Now | 11.87% | Rosenblatt | Catharine Trebnick70% | $100 → $115 | Maintains | Buy | Get Alert |
01/21/2025 | Buy Now | 11.87% | Scotiabank | Patrick Colville59% | $110 → $115 | Maintains | Sector Outperform | Get Alert |
01/17/2025 | Buy Now | -1.75% | Citigroup | Fatima Boolani77% | $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 | 16.73% | Piper Sandler | Rob Owens82% | $100 → $120 | Upgrade | Neutral → Overweight | Get Alert |
01/02/2025 | Buy Now | 10.89% | Goldman Sachs | Gabriela Borges68% | $100 → $114 | Maintains | Buy | Get Alert |
12/19/2024 | Buy Now | 2.14% | Jefferies | Joseph Gallo74% | $95 → $105 | Maintains | Hold | Get Alert |
12/19/2024 | Buy Now | 11.87% | Keybanc | Eric Heath77% | → $115 | Upgrade | Sector Weight → Overweight | Get Alert |
12/18/2024 | Buy Now | 0.19% | Stifel | Adam Borg76% | $90 → $103 | Maintains | Hold | Get Alert |
12/16/2024 | Buy Now | 2.14% | JP Morgan | Brian Essex68% | $99 → $105 | Maintains | Neutral | Get Alert |
12/13/2024 | Buy Now | -24.12% | Mizuho | Gregg Moskowitz71% | $68 → $78 | Maintains | Underperform | Get Alert |
11/22/2024 | Buy Now | — | Needham | Matt Dezort48% | — | Reiterates | → Hold | Get Alert |
11/20/2024 | Buy Now | 2.14% | Truist Securities | Joel Fishbein78% | $85 → $105 | Reiterates | Buy → Buy | Get Alert |
11/20/2024 | Buy Now | 7% | Scotiabank | Patrick Colville59% | $85 → $110 | Maintains | Sector Outperform | Get Alert |
11/20/2024 | Buy Now | -2.72% | Rosenblatt | Catharine Trebnick70% | $90 → $100 | Maintains | Buy | Get Alert |
11/19/2024 | Buy Now | 1.17% | B of A Securities | Tal Liani76% | $87 → $104 | Maintains | Buy | Get Alert |
11/19/2024 | Buy Now | 2.14% | Wedbush | Daniel Ives81% | $90 → $105 | Maintains | Outperform | Get Alert |
11/19/2024 | Buy Now | -2.72% | Piper Sandler | Rob Owens82% | $80 → $100 | Maintains | Neutral | Get Alert |
11/19/2024 | Buy Now | 2.14% | TD Cowen | Shaul Eyal78% | $90 → $105 | Maintains | Buy | Get Alert |
11/19/2024 | Buy Now | -2.72% | BMO Capital | Keith Bachman82% | $88 → $100 | Reiterates | Market Perform → Market Perform | Get Alert |
11/19/2024 | Buy Now | -5.64% | RBC Capital | Dan Bergstrom40% | $82 → $97 | Maintains | Sector Perform | Get Alert |
11/19/2024 | Buy Now | -17.32% | Wells Fargo | Andrew Nowinski67% | $80 → $85 | Maintains | Equal-Weight | Get Alert |
11/19/2024 | Buy Now | -12.45% | Stifel | Adam Borg76% | $84 → $90 | Maintains | Hold | Get Alert |
11/19/2024 | Buy Now | -7.59% | Cantor Fitzgerald | Jonathan Ruykhaver72% | $88 → $95 | Maintains | Neutral | Get Alert |
11/19/2024 | Buy Now | -2.72% | Baird | Shrenik Kothari78% | $95 → $100 | Maintains | Outperform | Get Alert |
11/19/2024 | Buy Now | 3.11% | Morgan Stanley | Hamza Fodderwala76% | $105 → $106 | Maintains | Overweight | Get Alert |
11/19/2024 | Buy Now | -12.45% | Deutsche Bank | Brad Zelnick70% | $77 → $90 | Maintains | Hold | Get Alert |
11/13/2024 | Buy Now | -7.59% | Baird | Shrenik Kothari78% | $88 → $95 | Maintains | Outperform | Get Alert |
11/11/2024 | Buy Now | 7.98% | HSBC | Stephen Bersey62% | $83 → $111 | Upgrade | Hold → Buy | Get Alert |
11/11/2024 | Buy Now | — | Needham | Matt Dezort48% | — | Reiterates | → Hold | Get Alert |
11/08/2024 | Buy Now | -12.45% | Rosenblatt | Catharine Trebnick70% | $85 → $90 | Maintains | Buy | Get Alert |
11/08/2024 | Buy Now | -7.59% | Barclays | Saket Kalia78% | $85 → $95 | Maintains | Equal-Weight | Get Alert |
11/08/2024 | Buy Now | -7.59% | Raymond James | Adam Tindle67% | $85 → $95 | Maintains | Outperform | Get Alert |
11/08/2024 | Buy Now | -19.26% | UBS | Roger Boyd69% | $70 → $83 | Maintains | Neutral | Get Alert |
11/08/2024 | Buy Now | -12.45% | Wedbush | Daniel Ives81% | $78 → $90 | Maintains | Outperform | Get Alert |
11/08/2024 | Buy Now | -17.32% | Scotiabank | Patrick Colville59% | $75 → $85 | Maintains | Sector Outperform | Get Alert |
11/08/2024 | Buy Now | -22.18% | Piper Sandler | Rob Owens82% | $70 → $80 | Maintains | Neutral | Get Alert |
11/08/2024 | Buy Now | -14.4% | Baird | Shrenik Kothari78% | $80 → $88 | Maintains | Outperform | Get Alert |
10/31/2024 | Buy Now | -17.32% | Rosenblatt | Catharine Trebnick70% | $72 → $85 | Maintains | Buy | Get Alert |
10/29/2024 | Buy Now | -14.4% | Cantor Fitzgerald | Yi Fu Lee85% | $65 → $88 | Maintains | Neutral | Get Alert |
10/23/2024 | Buy Now | -17.32% | Truist Securities | Joel Fishbein78% | $70 → $85 | Maintains | Buy | Get Alert |
10/17/2024 | Buy Now | -33.85% | Mizuho | Gregg Moskowitz71% | $68 → $68 | Downgrade | Neutral → Underperform | Get Alert |
10/09/2024 | Buy Now | -12.45% | TD Cowen | Shaul Eyal78% | $75 → $90 | Maintains | Buy | Get Alert |
10/07/2024 | Buy Now | -17.32% | Barclays | Saket Kalia78% | $74 → $85 | Maintains | Equal-Weight | Get Alert |
09/13/2024 | Buy Now | -26.07% | Citigroup | Fatima Boolani77% | $66 → $76 | Maintains | Neutral | Get Alert |
08/08/2024 | Buy Now | -31.91% | Susquehanna | Shyam Patil69% | $65 → $70 | Maintains | Neutral | Get Alert |
08/07/2024 | Buy Now | -35.8% | Citigroup | Fatima Boolani77% | $65 → $66 | Maintains | Neutral | Get Alert |
08/07/2024 | Buy Now | -27.04% | Scotiabank | Patrick Colville59% | $61 → $75 | Maintains | Sector Outperform | Get Alert |
08/07/2024 | Buy Now | -36.77% | Cantor Fitzgerald | Yi Fu Lee85% | $55 → $65 | Maintains | Neutral | Get Alert |
08/07/2024 | Buy Now | -27.04% | Deutsche Bank | Brad Zelnick70% | $71 → $75 | Maintains | Hold | Get Alert |
08/07/2024 | Buy Now | -31.91% | JP Morgan | Brian Essex68% | $63 → $70 | Maintains | Neutral | Get Alert |
08/07/2024 | Buy Now | -29.96% | RBC Capital | Dan Bergstrom40% | $68 → $72 | Maintains | Sector Perform | Get Alert |
08/07/2024 | Buy Now | -22.18% | Baird | Shrenik Kothari78% | $75 → $80 | Maintains | Outperform | Get Alert |
08/07/2024 | Buy Now | -24.12% | Wedbush | Daniel Ives81% | $78 → $78 | Reiterates | Outperform → Outperform | Get Alert |
08/07/2024 | Buy Now | -26.07% | BMO Capital | Keith Bachman82% | $70 → $76 | Maintains | Market Perform | Get Alert |
08/07/2024 | Buy Now | -31.91% | UBS | Roger Boyd69% | $69 → $70 | Maintains | Neutral | Get Alert |
08/07/2024 | Buy Now | -37.74% | Wells Fargo | Andrew Nowinski67% | $62 → $64 | Maintains | Equal-Weight | Get Alert |
08/07/2024 | Buy Now | -29.96% | Rosenblatt | Catharine Trebnick70% | $68 → $72 | Maintains | Buy | Get Alert |
08/07/2024 | Buy Now | — | Needham | Matt Dezort48% | — | Reiterates | → Hold | Get Alert |
08/05/2024 | Buy Now | -33.85% | Rosenblatt | Catharine Trebnick70% | $85 → $68 | Maintains | Buy | Get Alert |
07/30/2024 | Buy Now | -36.77% | Citigroup | Fatima Boolani77% | $68 → $65 | Maintains | Neutral | Get Alert |
07/29/2024 | Buy Now | — | Guggenheim | John Difucci70% | — | Downgrade | Buy → Neutral | Get Alert |
07/18/2024 | Buy Now | -27.04% | TD Cowen | Shaul Eyal78% | → $75 | Upgrade | Hold → Buy | Get Alert |
07/17/2024 | Buy Now | -32.88% | Morgan Stanley | Hamza Fodderwala76% | $73 → $69 | Maintains | Overweight | Get Alert |
07/11/2024 | Buy Now | -31.91% | Barclays | Saket Kalia78% | $75 → $70 | Maintains | Equal-Weight | Get Alert |
06/25/2024 | Buy Now | -21.21% | Guggenheim | Raymond McDonough69% | $81 → $81 | Reiterates | Buy → Buy | Get Alert |
06/11/2024 | Buy Now | -17.32% | Rosenblatt | Catharine Trebnick70% | $85 → $85 | Maintains | Buy | Get Alert |
06/11/2024 | Buy Now | — | Needham | Matt Dezort48% | — | Reiterates | → Hold | Get Alert |
05/22/2024 | Buy Now | -24.12% | Wedbush | Daniel Ives81% | $78 → $78 | Reiterates | Outperform → Outperform | Get Alert |
05/06/2024 | Buy Now | -36.77% | Susquehanna | Shyam Patil69% | $80 → $65 | Maintains | Neutral | Get Alert |
05/03/2024 | Buy Now | -22.18% | Scotiabank | Patrick Colville59% | $90 → $80 | Maintains | Sector Outperform | Get Alert |
05/03/2024 | Buy Now | -38.72% | JP Morgan | Brian Essex68% | $67 → $63 | Maintains | Neutral | Get Alert |
The latest price target for Fortinet (NASDAQ:FTNT) was reported by UBS on May 8, 2025. The analyst firm set a price target for $105.00 expecting FTNT to rise to within 12 months (a possible 2.14% upside). 96 analyst firms have reported ratings in the last year.
The latest analyst rating for Fortinet (NASDAQ:FTNT) was provided by UBS, and Fortinet maintained their neutral 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 May 8, 2025 so you should expect the next rating to be made available sometime around May 8, 2026.
While ratings are subjective and will change, the latest Fortinet (FTNT) rating was a maintained with a price target of $115.00 to $105.00. The current price Fortinet (FTNT) is trading at is $102.80, which is out of the analyst’s predicted range.
Browse analyst ratings and price targets on all stocks.
A newsletter built for market enthusiasts by market enthusiasts. Top stories, top movers, and trade ideas delivered to your inbox every weekday before and after the market closes.