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Fortinet Analyst Ratings

FTNTNASDAQ
Logo brought to you by Benzinga Data
$103.16
-0.46-0.44%
At close: -
$102.80
-0.36-0.35%
After Hours: May 23, 7:59 PM EDT
Consensus Rating1
Neutral
Highest Price Target1
$135.00
Lowest Price Target1
$78.00
Consensus Price Target1
$104.38

Fortinet Analyst Ratings and Price Targets | NASDAQ:FTNT | Benzinga

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.

Analyst Trends and Forecast
3
6
Feb
1
Mar
1
3
Apr
1
4
May
Buy
Hold
Sell
Strong Sell
Analyst Rating and Forecast
12345
2.7
Hold
Strong Buy
Buy
Hold
Sell
Strong Sell

Analyst Firms Making Recommendations1

UBS
RBC Capital
Keybanc
Scotiabank
Wells Fargo

1calculated from analyst ratings

Analyst Ratings for Fortinet

Buy NowGet Alert
05/08/2025Buy Now2.14%UBS
Roger Boyd69%
$115 → $105MaintainsNeutralGet Alert
05/08/2025Buy Now2.14%RBC Capital
Dan Bergstrom40%
$110 → $105MaintainsSector PerformGet Alert
05/08/2025Buy Now11.87%Keybanc
Eric Heath77%
$120 → $115MaintainsOverweightGet Alert
05/08/2025Buy Now11.87%Scotiabank
Patrick Colville59%
$135 → $115MaintainsSector OutperformGet Alert
05/08/2025Buy Now-7.59%Wells Fargo
Andrew Nowinski67%
$105 → $95MaintainsEqual-WeightGet Alert
05/08/2025Buy Now-7.59%Stifel
Adam Borg76%
$115 → $95MaintainsHoldGet Alert
05/08/2025Buy Now5.06%Baird
Shrenik Kothari78%
$113 → $108MaintainsNeutralGet Alert
05/06/2025Buy Now9.92%Baird
Shrenik Kothari78%
$110 → $113MaintainsNeutralGet Alert
04/24/2025Buy Now-2.72%Cantor Fitzgerald
Jonathan Ruykhaver72%
$115 → $100MaintainsNeutralGet Alert
04/23/2025Buy Now0.19%Roth Capital
Taz Koujalgi82%
→ $103Initiates → NeutralGet Alert
04/16/2025Buy Now2.14%Morgan Stanley
Hamza Fodderwala76%
$123 → $105MaintainsOverweightGet Alert
04/01/2025Buy Now5.06%Stephens & Co.
Todd Weller 68%
→ $108Initiates → Equal-WeightGet Alert
03/31/2025Buy Now2.14%Jefferies
Joseph Gallo74%
$115 → $105MaintainsHoldGet Alert
03/18/2025Buy Now19.65%Morgan Stanley
Hamza Fodderwala76%
$113 → $123MaintainsOverweightGet Alert
02/10/2025Buy Now7%Susquehanna
Shyam Patil69%
$90 → $110MaintainsNeutralGet Alert
02/07/2025Buy Now11.87%RBC Capital
Dan Bergstrom40%
$97 → $115MaintainsSector PerformGet Alert
02/07/2025Buy Now11.87%Cantor Fitzgerald
Jonathan Ruykhaver72%
$110 → $115MaintainsNeutralGet Alert
02/07/2025Buy Now26.46%Goldman Sachs
Gabriela Borges68%
$114 → $130MaintainsBuyGet Alert
02/07/2025Buy Now31.32%Scotiabank
Patrick Colville59%
$115 → $135MaintainsSector OutperformGet Alert
02/07/2025Buy Now—Guggenheim
John Difucci70%
—ReiteratesNeutral → NeutralGet Alert
02/07/2025Buy Now11.87%Stifel
Adam Borg76%
$103 → $115MaintainsHoldGet Alert
02/07/2025Buy Now2.14%Wells Fargo
Andrew Nowinski67%
$85 → $105MaintainsEqual-WeightGet Alert
02/07/2025Buy Now31.32%Piper Sandler
Rob Owens82%
$120 → $135ReiteratesOverweight → OverweightGet Alert
02/07/2025Buy Now21.6%Rosenblatt
Catharine Trebnick70%
$115 → $125MaintainsBuyGet Alert
02/07/2025Buy Now—Needham
Matt Dezort48%
—ReiteratesHold → HoldGet Alert
02/04/2025Buy Now7%Cantor Fitzgerald
Jonathan Ruykhaver72%
$95 → $110MaintainsNeutralGet Alert
02/03/2025Buy Now8.95%Baird
Shrenik Kothari78%
$105 → $112DowngradeOutperform → NeutralGet Alert
01/24/2025Buy Now—Guggenheim
John Difucci70%
—ReiteratesNeutral → NeutralGet Alert
01/21/2025Buy Now11.87%Rosenblatt
Catharine Trebnick70%
$100 → $115MaintainsBuyGet Alert
01/21/2025Buy Now11.87%Scotiabank
Patrick Colville59%
$110 → $115MaintainsSector OutperformGet Alert
01/17/2025Buy Now-1.75%Citigroup
Fatima Boolani77%
$100 → $101MaintainsNeutralGet Alert
01/14/2025Buy Now—Raymond James
Adam Tindle67%
—DowngradeOutperform → Market PerformGet Alert
01/06/2025Buy Now16.73%Piper Sandler
Rob Owens82%
$100 → $120UpgradeNeutral → OverweightGet Alert
01/02/2025Buy Now10.89%Goldman Sachs
Gabriela Borges68%
$100 → $114MaintainsBuyGet Alert
12/19/2024Buy Now2.14%Jefferies
Joseph Gallo74%
$95 → $105MaintainsHoldGet Alert
12/19/2024Buy Now11.87%Keybanc
Eric Heath77%
→ $115UpgradeSector Weight → OverweightGet Alert
12/18/2024Buy Now0.19%Stifel
Adam Borg76%
$90 → $103MaintainsHoldGet Alert
12/16/2024Buy Now2.14%JP Morgan
Brian Essex68%
$99 → $105MaintainsNeutralGet Alert
12/13/2024Buy Now-24.12%Mizuho
Gregg Moskowitz71%
$68 → $78MaintainsUnderperformGet Alert
11/22/2024Buy Now—Needham
Matt Dezort48%
—Reiterates → HoldGet Alert
11/20/2024Buy Now2.14%Truist Securities
Joel Fishbein78%
$85 → $105ReiteratesBuy → BuyGet Alert
11/20/2024Buy Now7%Scotiabank
Patrick Colville59%
$85 → $110MaintainsSector OutperformGet Alert
11/20/2024Buy Now-2.72%Rosenblatt
Catharine Trebnick70%
$90 → $100MaintainsBuyGet Alert
11/19/2024Buy Now1.17%B of A Securities
Tal Liani76%
$87 → $104MaintainsBuyGet Alert
11/19/2024Buy Now2.14%Wedbush
Daniel Ives81%
$90 → $105MaintainsOutperformGet Alert
11/19/2024Buy Now-2.72%Piper Sandler
Rob Owens82%
$80 → $100MaintainsNeutralGet Alert
11/19/2024Buy Now2.14%TD Cowen
Shaul Eyal78%
$90 → $105MaintainsBuyGet Alert
11/19/2024Buy Now-2.72%BMO Capital
Keith Bachman82%
$88 → $100ReiteratesMarket Perform → Market PerformGet Alert
11/19/2024Buy Now-5.64%RBC Capital
Dan Bergstrom40%
$82 → $97MaintainsSector PerformGet Alert
11/19/2024Buy Now-17.32%Wells Fargo
Andrew Nowinski67%
$80 → $85MaintainsEqual-WeightGet Alert
11/19/2024Buy Now-12.45%Stifel
Adam Borg76%
$84 → $90MaintainsHoldGet Alert
11/19/2024Buy Now-7.59%Cantor Fitzgerald
Jonathan Ruykhaver72%
$88 → $95MaintainsNeutralGet Alert
11/19/2024Buy Now-2.72%Baird
Shrenik Kothari78%
$95 → $100MaintainsOutperformGet Alert
11/19/2024Buy Now3.11%Morgan Stanley
Hamza Fodderwala76%
$105 → $106MaintainsOverweightGet Alert
11/19/2024Buy Now-12.45%Deutsche Bank
Brad Zelnick70%
$77 → $90MaintainsHoldGet Alert
11/13/2024Buy Now-7.59%Baird
Shrenik Kothari78%
$88 → $95MaintainsOutperformGet Alert
11/11/2024Buy Now7.98%HSBC
Stephen Bersey62%
$83 → $111UpgradeHold → BuyGet Alert
11/11/2024Buy Now—Needham
Matt Dezort48%
—Reiterates → HoldGet Alert
11/08/2024Buy Now-12.45%Rosenblatt
Catharine Trebnick70%
$85 → $90MaintainsBuyGet Alert
11/08/2024Buy Now-7.59%Barclays
Saket Kalia78%
$85 → $95MaintainsEqual-WeightGet Alert
11/08/2024Buy Now-7.59%Raymond James
Adam Tindle67%
$85 → $95MaintainsOutperformGet Alert
11/08/2024Buy Now-19.26%UBS
Roger Boyd69%
$70 → $83MaintainsNeutralGet Alert
11/08/2024Buy Now-12.45%Wedbush
Daniel Ives81%
$78 → $90MaintainsOutperformGet Alert
11/08/2024Buy Now-17.32%Scotiabank
Patrick Colville59%
$75 → $85MaintainsSector OutperformGet Alert
11/08/2024Buy Now-22.18%Piper Sandler
Rob Owens82%
$70 → $80MaintainsNeutralGet Alert
11/08/2024Buy Now-14.4%Baird
Shrenik Kothari78%
$80 → $88MaintainsOutperformGet Alert
10/31/2024Buy Now-17.32%Rosenblatt
Catharine Trebnick70%
$72 → $85MaintainsBuyGet Alert
10/29/2024Buy Now-14.4%Cantor Fitzgerald
Yi Fu Lee85%
$65 → $88MaintainsNeutralGet Alert
10/23/2024Buy Now-17.32%Truist Securities
Joel Fishbein78%
$70 → $85MaintainsBuyGet Alert
10/17/2024Buy Now-33.85%Mizuho
Gregg Moskowitz71%
$68 → $68DowngradeNeutral → UnderperformGet Alert
10/09/2024Buy Now-12.45%TD Cowen
Shaul Eyal78%
$75 → $90MaintainsBuyGet Alert
10/07/2024Buy Now-17.32%Barclays
Saket Kalia78%
$74 → $85MaintainsEqual-WeightGet Alert
09/13/2024Buy Now-26.07%Citigroup
Fatima Boolani77%
$66 → $76MaintainsNeutralGet Alert
08/08/2024Buy Now-31.91%Susquehanna
Shyam Patil69%
$65 → $70MaintainsNeutralGet Alert
08/07/2024Buy Now-35.8%Citigroup
Fatima Boolani77%
$65 → $66MaintainsNeutralGet Alert
08/07/2024Buy Now-27.04%Scotiabank
Patrick Colville59%
$61 → $75MaintainsSector OutperformGet Alert
08/07/2024Buy Now-36.77%Cantor Fitzgerald
Yi Fu Lee85%
$55 → $65MaintainsNeutralGet Alert
08/07/2024Buy Now-27.04%Deutsche Bank
Brad Zelnick70%
$71 → $75MaintainsHoldGet Alert
08/07/2024Buy Now-31.91%JP Morgan
Brian Essex68%
$63 → $70MaintainsNeutralGet Alert
08/07/2024Buy Now-29.96%RBC Capital
Dan Bergstrom40%
$68 → $72MaintainsSector PerformGet Alert
08/07/2024Buy Now-22.18%Baird
Shrenik Kothari78%
$75 → $80MaintainsOutperformGet Alert
08/07/2024Buy Now-24.12%Wedbush
Daniel Ives81%
$78 → $78ReiteratesOutperform → OutperformGet Alert
08/07/2024Buy Now-26.07%BMO Capital
Keith Bachman82%
$70 → $76MaintainsMarket PerformGet Alert
08/07/2024Buy Now-31.91%UBS
Roger Boyd69%
$69 → $70MaintainsNeutralGet Alert
08/07/2024Buy Now-37.74%Wells Fargo
Andrew Nowinski67%
$62 → $64MaintainsEqual-WeightGet Alert
08/07/2024Buy Now-29.96%Rosenblatt
Catharine Trebnick70%
$68 → $72MaintainsBuyGet Alert
08/07/2024Buy Now—Needham
Matt Dezort48%
—Reiterates → HoldGet Alert
08/05/2024Buy Now-33.85%Rosenblatt
Catharine Trebnick70%
$85 → $68MaintainsBuyGet Alert
07/30/2024Buy Now-36.77%Citigroup
Fatima Boolani77%
$68 → $65MaintainsNeutralGet Alert
07/29/2024Buy Now—Guggenheim
John Difucci70%
—DowngradeBuy → NeutralGet Alert
07/18/2024Buy Now-27.04%TD Cowen
Shaul Eyal78%
→ $75UpgradeHold → BuyGet Alert
07/17/2024Buy Now-32.88%Morgan Stanley
Hamza Fodderwala76%
$73 → $69MaintainsOverweightGet Alert
07/11/2024Buy Now-31.91%Barclays
Saket Kalia78%
$75 → $70MaintainsEqual-WeightGet Alert
06/25/2024Buy Now-21.21%Guggenheim
Raymond McDonough69%
$81 → $81ReiteratesBuy → BuyGet Alert
06/11/2024Buy Now-17.32%Rosenblatt
Catharine Trebnick70%
$85 → $85MaintainsBuyGet Alert
06/11/2024Buy Now—Needham
Matt Dezort48%
—Reiterates → HoldGet Alert
05/22/2024Buy Now-24.12%Wedbush
Daniel Ives81%
$78 → $78ReiteratesOutperform → OutperformGet Alert
05/06/2024Buy Now-36.77%Susquehanna
Shyam Patil69%
$80 → $65MaintainsNeutralGet Alert
05/03/2024Buy Now-22.18%Scotiabank
Patrick Colville59%
$90 → $80MaintainsSector OutperformGet Alert
05/03/2024Buy Now-38.72%JP Morgan
Brian Essex68%
$67 → $63MaintainsNeutralGet Alert

FAQ

Q

What is the target price for Fortinet (FTNT) stock?

A

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.

Q

What is the most recent analyst rating for Fortinet (FTNT)?

A

The latest analyst rating for Fortinet (NASDAQ:FTNT) was provided by UBS, and Fortinet maintained their neutral rating.

Q

When was the last upgrade for Fortinet (FTNT)?

A

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.

Q

When was the last downgrade for Fortinet (FTNT)?

A

The last downgrade for Fortinet Inc happened on February 3, 2025 when Baird changed their price target from $105 to $112 for Fortinet Inc.

Q

When is the next analyst rating going to be posted or updated for Fortinet (FTNT)?

A

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.

Q

Is the Analyst Rating Fortinet (FTNT) correct?

A

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.

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