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Fortinet Analyst Ratings

FTNTNASDAQ
Logo brought to you by Benzinga Data
$96.13
0.060.06%
At close: -
$96.99
0.860.89%
After Hours: Apr 17, 6:42 PM EDT
Consensus Rating1
Neutral
Highest Price Target1
$135.00
Lowest Price Target1
$67.00
Consensus Price Target1
$105.10

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

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.

Analyst Trends and Forecast
1
1
1
Dec 24
3
3
Jan
3
6
Feb
1
Mar
1
1
Apr
Buy
Hold
Sell
Strong Sell
Analyst Rating and Forecast
12345
2.6
Hold
Strong Buy
Buy
Hold
Sell
Strong Sell

Analyst Firms Making Recommendations1

Morgan Stanley
Stephens & Co.
Jefferies
Susquehanna
RBC Capital

1calculated from analyst ratings

Analyst Ratings for Fortinet

Buy NowGet Alert
04/16/2025Buy Now8.26%Morgan Stanley
Hamza Fodderwala75%
$123 → $105MaintainsOverweightGet Alert
04/01/2025Buy Now11.36%Stephens & Co.
Todd Weller 41%
→ $108Initiates → Equal-WeightGet Alert
03/31/2025Buy Now8.26%Jefferies
Joseph Gallo73%
$115 → $105MaintainsHoldGet Alert
03/18/2025Buy Now26.82%Morgan Stanley
Hamza Fodderwala75%
$113 → $123MaintainsOverweightGet Alert
02/10/2025Buy Now13.42%Susquehanna
Shyam Patil66%
$90 → $110MaintainsNeutralGet Alert
02/07/2025Buy Now18.57%RBC Capital
Dan Bergstrom40%
$97 → $115MaintainsSector PerformGet Alert
02/07/2025Buy Now18.57%Cantor Fitzgerald
Jonathan Ruykhaver68%
$110 → $115MaintainsNeutralGet Alert
02/07/2025Buy Now34.04%Goldman Sachs
Gabriela Borges63%
$114 → $130MaintainsBuyGet Alert
02/07/2025Buy Now39.2%Scotiabank
Patrick Colville55%
$115 → $135MaintainsSector OutperformGet Alert
02/07/2025Buy NowGuggenheim
John Difucci65%
ReiteratesNeutral → NeutralGet Alert
02/07/2025Buy Now18.57%Stifel
Adam Borg71%
$103 → $115MaintainsHoldGet Alert
02/07/2025Buy Now8.26%Wells Fargo
Andrew Nowinski63%
$85 → $105MaintainsEqual-WeightGet Alert
02/07/2025Buy Now39.2%Piper Sandler
Rob Owens82%
$120 → $135ReiteratesOverweight → OverweightGet Alert
02/07/2025Buy Now28.89%Rosenblatt
Catharine Trebnick67%
$115 → $125MaintainsBuyGet Alert
02/07/2025Buy NowNeedham
Matt Dezort23%
ReiteratesHold → HoldGet Alert
02/04/2025Buy Now13.42%Cantor Fitzgerald
Jonathan Ruykhaver68%
$95 → $110MaintainsNeutralGet Alert
02/03/2025Buy Now15.48%Baird
Shrenik Kothari74%
$105 → $112DowngradeOutperform → NeutralGet Alert
01/24/2025Buy NowGuggenheim
John Difucci65%
ReiteratesNeutral → NeutralGet Alert
01/21/2025Buy Now18.57%Rosenblatt
Catharine Trebnick67%
$100 → $115MaintainsBuyGet Alert
01/21/2025Buy Now18.57%Scotiabank
Patrick Colville55%
$110 → $115MaintainsSector OutperformGet Alert
01/17/2025Buy Now4.14%Citigroup
Fatima Boolani73%
$100 → $101MaintainsNeutralGet Alert
01/14/2025Buy NowRaymond James
Adam Tindle67%
DowngradeOutperform → Market PerformGet Alert
01/06/2025Buy Now23.73%Piper Sandler
Rob Owens82%
$100 → $120UpgradeNeutral → OverweightGet Alert
01/02/2025Buy Now17.54%Goldman Sachs
Gabriela Borges63%
$100 → $114MaintainsBuyGet Alert
12/19/2024Buy Now8.26%Jefferies
Joseph Gallo73%
$95 → $105MaintainsHoldGet Alert
12/19/2024Buy Now18.57%Keybanc
Eric Heath59%
→ $115UpgradeSector Weight → OverweightGet Alert
12/18/2024Buy Now6.2%Stifel
Adam Borg71%
$90 → $103MaintainsHoldGet Alert
12/16/2024Buy Now8.26%JP Morgan
Brian Essex69%
$99 → $105MaintainsNeutralGet Alert
12/13/2024Buy Now-19.58%Mizuho
Gregg Moskowitz69%
$68 → $78MaintainsUnderperformGet Alert
11/22/2024Buy NowNeedham
Matt Dezort23%
Reiterates → HoldGet Alert
11/20/2024Buy Now8.26%Truist Securities
Joel Fishbein74%
$85 → $105ReiteratesBuy → BuyGet Alert
11/20/2024Buy Now13.42%Scotiabank
Patrick Colville55%
$85 → $110MaintainsSector OutperformGet Alert
11/20/2024Buy Now3.11%Rosenblatt
Catharine Trebnick67%
$90 → $100MaintainsBuyGet Alert
11/19/2024Buy Now7.23%B of A Securities
Tal Liani75%
$87 → $104MaintainsBuyGet Alert
11/19/2024Buy Now8.26%Wedbush
Daniel Ives78%
$90 → $105MaintainsOutperformGet Alert
11/19/2024Buy Now3.11%Piper Sandler
Rob Owens82%
$80 → $100MaintainsNeutralGet Alert
11/19/2024Buy Now8.26%TD Cowen
Shaul Eyal77%
$90 → $105MaintainsBuyGet Alert
11/19/2024Buy Now3.11%BMO Capital
Keith Bachman79%
$88 → $100ReiteratesMarket Perform → Market PerformGet Alert
11/19/2024Buy Now0.02%RBC Capital
Dan Bergstrom40%
$82 → $97MaintainsSector PerformGet Alert
11/19/2024Buy Now-12.36%Wells Fargo
Andrew Nowinski63%
$80 → $85MaintainsEqual-WeightGet Alert
11/19/2024Buy Now-7.2%Stifel
Adam Borg71%
$84 → $90MaintainsHoldGet Alert
11/19/2024Buy Now-2.05%Cantor Fitzgerald
Jonathan Ruykhaver68%
$88 → $95MaintainsNeutralGet Alert
11/19/2024Buy Now3.11%Baird
Shrenik Kothari74%
$95 → $100MaintainsOutperformGet Alert
11/19/2024Buy Now9.29%Morgan Stanley
Hamza Fodderwala75%
$105 → $106MaintainsOverweightGet Alert
11/19/2024Buy Now-7.2%Deutsche Bank
Brad Zelnick69%
$77 → $90MaintainsHoldGet Alert
11/13/2024Buy Now-2.05%Baird
Shrenik Kothari74%
$88 → $95MaintainsOutperformGet Alert
11/11/2024Buy Now14.45%HSBC
Stephen Bersey64%
$83 → $111UpgradeHold → BuyGet Alert
11/11/2024Buy NowNeedham
Matt Dezort23%
Reiterates → HoldGet Alert
11/08/2024Buy Now-7.2%Rosenblatt
Catharine Trebnick67%
$85 → $90MaintainsBuyGet Alert
11/08/2024Buy Now-2.05%Barclays
Saket Kalia77%
$85 → $95MaintainsEqual-WeightGet Alert
11/08/2024Buy Now-2.05%Raymond James
Adam Tindle67%
$85 → $95MaintainsOutperformGet Alert
11/08/2024Buy Now-14.42%UBS
Roger Boyd67%
$70 → $83MaintainsNeutralGet Alert
11/08/2024Buy Now-7.2%Wedbush
Daniel Ives78%
$78 → $90MaintainsOutperformGet Alert
11/08/2024Buy Now-12.36%Scotiabank
Patrick Colville55%
$75 → $85MaintainsSector OutperformGet Alert
11/08/2024Buy Now-17.51%Piper Sandler
Rob Owens82%
$70 → $80MaintainsNeutralGet Alert
11/08/2024Buy Now-9.26%Baird
Shrenik Kothari74%
$80 → $88MaintainsOutperformGet Alert
10/31/2024Buy Now-12.36%Rosenblatt
Catharine Trebnick67%
$72 → $85MaintainsBuyGet Alert
10/29/2024Buy Now-9.26%Cantor Fitzgerald
Yi Fu Lee80%
$65 → $88MaintainsNeutralGet Alert
10/23/2024Buy Now-12.36%Truist Securities
Joel Fishbein74%
$70 → $85MaintainsBuyGet Alert
10/17/2024Buy Now-29.89%Mizuho
Gregg Moskowitz69%
$68 → $68DowngradeNeutral → UnderperformGet Alert
10/09/2024Buy Now-7.2%TD Cowen
Shaul Eyal77%
$75 → $90MaintainsBuyGet Alert
10/07/2024Buy Now-12.36%Barclays
Saket Kalia77%
$74 → $85MaintainsEqual-WeightGet Alert
09/13/2024Buy Now-21.64%Citigroup
Fatima Boolani73%
$66 → $76MaintainsNeutralGet Alert
08/08/2024Buy Now-27.82%Susquehanna
Shyam Patil66%
$65 → $70MaintainsNeutralGet Alert
08/07/2024Buy Now-31.95%Citigroup
Fatima Boolani73%
$65 → $66MaintainsNeutralGet Alert
08/07/2024Buy Now-22.67%Scotiabank
Patrick Colville55%
$61 → $70MaintainsSector OutperformGet Alert
08/07/2024Buy Now-32.98%Cantor Fitzgerald
Yi Fu Lee80%
$55 → $65MaintainsNeutralGet Alert
08/07/2024Buy Now-22.67%Deutsche Bank
Brad Zelnick69%
$71 → $75MaintainsHoldGet Alert
08/07/2024Buy Now-27.82%JP Morgan
Brian Essex69%
$63 → $70MaintainsNeutralGet Alert
08/07/2024Buy Now-25.76%RBC Capital
Dan Bergstrom40%
$68 → $72MaintainsSector PerformGet Alert
08/07/2024Buy Now-17.51%Baird
Shrenik Kothari74%
$75 → $80MaintainsOutperformGet Alert
08/07/2024Buy Now-19.58%Wedbush
Daniel Ives78%
$78 → $78ReiteratesOutperform → OutperformGet Alert
08/07/2024Buy Now-21.64%BMO Capital
Keith Bachman79%
$70 → $76MaintainsMarket PerformGet Alert
08/07/2024Buy Now-27.82%UBS
Roger Boyd67%
$69 → $70MaintainsNeutralGet Alert
08/07/2024Buy Now-34.01%Wells Fargo
Andrew Nowinski63%
$62 → $64MaintainsEqual-WeightGet Alert
08/07/2024Buy Now-25.76%Rosenblatt
Catharine Trebnick67%
$68 → $72MaintainsBuyGet Alert
08/07/2024Buy NowNeedham
Matt Dezort23%
Reiterates → HoldGet Alert
08/05/2024Buy Now-29.89%Rosenblatt
Catharine Trebnick67%
$85 → $68MaintainsBuyGet Alert
07/30/2024Buy Now-32.98%Citigroup
Fatima Boolani73%
$68 → $65MaintainsNeutralGet Alert
07/29/2024Buy NowGuggenheim
John Difucci65%
DowngradeBuy → NeutralGet Alert
07/18/2024Buy Now-22.67%TD Cowen
Shaul Eyal77%
→ $75UpgradeHold → BuyGet Alert
07/17/2024Buy Now-28.86%Morgan Stanley
Hamza Fodderwala75%
$73 → $69MaintainsOverweightGet Alert
07/11/2024Buy Now-27.82%Barclays
Saket Kalia77%
$75 → $70MaintainsEqual-WeightGet Alert
06/25/2024Buy Now-16.48%Guggenheim
Raymond McDonough65%
$81 → $81ReiteratesBuy → BuyGet Alert
06/11/2024Buy Now-12.36%Rosenblatt
Catharine Trebnick67%
$85 → $85MaintainsBuyGet Alert
06/11/2024Buy NowNeedham
Matt Dezort23%
Reiterates → HoldGet Alert
05/22/2024Buy Now-19.58%Wedbush
Daniel Ives78%
$78 → $78ReiteratesOutperform → OutperformGet Alert
05/06/2024Buy Now-32.98%Susquehanna
Shyam Patil66%
$80 → $65MaintainsNeutralGet Alert
05/03/2024Buy Now-17.51%Scotiabank
Patrick Colville55%
$90 → $80MaintainsSector OutperformGet Alert
05/03/2024Buy Now-35.04%JP Morgan
Brian Essex69%
$67 → $63MaintainsNeutralGet Alert
05/03/2024Buy Now-44.32%HSBC
Stephen Bersey64%
$57 → $54MaintainsReduceGet Alert
05/03/2024Buy Now-36.07%Wells Fargo
Andrew Nowinski63%
$70 → $62MaintainsEqual-WeightGet Alert
05/03/2024Buy Now-29.89%RBC Capital
Dan Bergstrom40%
$71 → $68MaintainsSector PerformGet Alert
05/03/2024Buy Now-24.73%Morgan Stanley
Hamza Fodderwala75%
$81 → $73MaintainsOverweightGet Alert
05/03/2024Buy Now-30.92%Evercore ISI Group
Amit Daryanani70%
$72 → $67MaintainsIn-LineGet Alert
05/03/2024Buy Now-27.82%BMO Capital
Keith Bachman79%
$82 → $70MaintainsMarket PerformGet Alert
05/03/2024Buy Now-43.29%Cantor Fitzgerald
Yi Fu Lee80%
$65 → $55MaintainsNeutralGet Alert
05/03/2024Buy Now-19.58%Wedbush
Daniel Ives78%
$86 → $78MaintainsOutperformGet Alert
05/03/2024Buy Now-22.67%Barclays
Saket Kalia77%
$80 → $75MaintainsEqual-WeightGet Alert
05/03/2024Buy Now-27.82%Truist Securities
Joel Fishbein74%
$80 → $70MaintainsBuyGet Alert

FAQ

Q

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

A

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.

Q

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

A

The latest analyst rating for Fortinet (NASDAQ:FTNT) was provided by Morgan Stanley, and Fortinet maintained their overweight 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 April 16, 2025 so you should expect the next rating to be made available sometime around April 16, 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 $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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