$61.40
0.16[0.26%]
At close: May 17
$61.40
0[0.00%]
After Hours: 5:10PM EDT
Fortinet
(NASDAQ:FTNT)Fortinet Stock (NASDAQ:FTNT), Analyst Ratings, Price Targets, Predictions
Fortinet Inc has a consensus price target of $60.94, established from looking at the 100 latest analyst ratings. The last 3 analyst ratings were released from Susquehanna, Scotiabank, and JP Morgan on May 6, 2024, May 3, 2024, and May 3, 2024. With an average price target of $69.33 between Susquehanna, Scotiabank, and JP Morgan, there's an implied 12.92% upside for Fortinet Inc from these 3 analyst ratings.
Analyst Firms Making Recommendations1
Susquehanna
Scotiabank
JP Morgan
HSBC
Wells Fargo
1calculated from analyst ratings published within the last 3 years
Analyst Ratings for Fortinet
| Buy Now | Get Alert | |||||||
|---|---|---|---|---|---|---|---|---|
| 05/06/2024 | Buy Now | 5.86% | Susquehanna | Shyam Patil | $80 → $65 | Maintains | Neutral | Get Alert |
| 05/03/2024 | Buy Now | 30.29% | Scotiabank | Patrick Colville | $90 → $80 | Maintains | Sector Outperform | Get Alert |
| 05/03/2024 | Buy Now | 2.61% | JP Morgan | Brian Essex | $67 → $63 | Maintains | Neutral | Get Alert |
| 05/03/2024 | Buy Now | -12.05% | HSBC | Stephen Bersey | $57 → $54 | Maintains | Reduce | Get Alert |
| 05/03/2024 | Buy Now | 0.98% | Wells Fargo | Andrew Nowinski | $70 → $62 | Maintains | Equal-Weight | Get Alert |
| 05/03/2024 | Buy Now | 10.75% | RBC Capital | Dan Bergstrom | $71 → $68 | Maintains | Sector Perform | Get Alert |
| 05/03/2024 | Buy Now | 18.89% | Morgan Stanley | Hamza Fodderwala | $81 → $73 | Maintains | Overweight | Get Alert |
| 05/03/2024 | Buy Now | 9.12% | Evercore ISI Group | Amit Daryanani | $72 → $67 | Maintains | In-Line | Get Alert |
| 05/03/2024 | Buy Now | 14.01% | BMO Capital | Keith Bachman | $82 → $70 | Maintains | Market Perform | Get Alert |
| 05/03/2024 | Buy Now | -10.42% | Cantor Fitzgerald | Yi Fu Lee | $65 → $55 | Maintains | Neutral | Get Alert |
| 05/03/2024 | Buy Now | 27.04% | Wedbush | Daniel Ives | $86 → $78 | Maintains | Outperform | Get Alert |
| 05/03/2024 | Buy Now | 22.15% | Barclays | Saket Kalia | $80 → $75 | Maintains | Equal-Weight | Get Alert |
| 05/03/2024 | Buy Now | 14.01% | Truist Securities | Joel Fishbein | $80 → $70 | Maintains | Buy | Get Alert |
| 05/03/2024 | Buy Now | 14.01% | Piper Sandler | Rob Owens | $75 → $70 | Maintains | Neutral | Get Alert |
| 05/03/2024 | Buy Now | 38.44% | Rosenblatt | Catharine Trebnick | $85 → $85 | Maintains | Buy | Get Alert |
| 05/03/2024 | Buy Now | 7.49% | Mizuho | Gregg Moskowitz | $70 → $66 | Maintains | Neutral | Get Alert |
| 05/03/2024 | Buy Now | — | Needham | Matt Dezort | — | Reiterates | → Hold | Get Alert |
| 05/03/2024 | Buy Now | 22.15% | Baird | Shrenik Kothari | $81 → $75 | Maintains | Outperform | Get Alert |
| 05/01/2024 | Buy Now | 40.07% | Wedbush | Daniel Ives | → $86 | Reiterates | Outperform → Outperform | Get Alert |
| 04/18/2024 | Buy Now | 14.01% | Jefferies | Joseph Gallo | $75 → $70 | Maintains | Hold | Get Alert |
| 04/17/2024 | Buy Now | 5.86% | Cantor Fitzgerald | Yi Fu Lee | → $65 | Reiterates | Neutral → Neutral | Get Alert |
| 04/03/2024 | Buy Now | 22.15% | Piper Sandler | Rob Owens | → $75 | Maintains | Neutral | Get Alert |
| 04/03/2024 | Buy Now | 30.29% | Susquehanna | Shyam Patil | $80 → $80 | Maintains | Neutral | Get Alert |
| 04/03/2024 | Buy Now | 38.44% | Rosenblatt | Catharine Trebnick | $85 → $85 | Maintains | Buy | Get Alert |
| 02/12/2024 | Buy Now | 5.86% | Cantor Fitzgerald | Yi Fu Lee | $75 → $65 | Maintains | Neutral | Get Alert |
| 02/08/2024 | Buy Now | 38.44% | Goldman Sachs | Gabriela Borges | $60 → $85 | Maintains | Buy | Get Alert |
| 02/08/2024 | Buy Now | -2.28% | DZ Bank | Markus Leistner | → $60 | Downgrade | Hold → Sell | Get Alert |
| 02/07/2024 | Buy Now | 27.04% | Stifel | Adam Borg | $52 → $78 | Maintains | Hold | Get Alert |
| 02/07/2024 | Buy Now | 30.29% | Truist Securities | Joel Fishbein | $60 → $80 | Maintains | Buy | Get Alert |
| 02/07/2024 | Buy Now | 31.92% | Morgan Stanley | Hamza Fodderwala | $77 → $81 | Maintains | Overweight | Get Alert |
FAQ
What is the target price for Fortinet (FTNT)?
The latest price target for Fortinet (NASDAQ: FTNT) was reported by Susquehanna on May 6, 2024. The analyst firm set a price target for $65.00 expecting FTNT to rise to within 12 months (a possible 5.86% upside). 94 analyst firms have reported ratings in the last year.
What is the most recent analyst rating for Fortinet (FTNT)?
The latest analyst rating for Fortinet (NASDAQ: FTNT) was provided by Susquehanna, and Fortinet maintained their neutral rating.
When was the last upgrade for Fortinet (FTNT)?
The last upgrade for Fortinet Inc happened on August 7, 2023 when Guggenheim raised their price target to $70. Guggenheim previously had a neutral for Fortinet Inc.
When was the last downgrade for Fortinet (FTNT)?
The last downgrade for Fortinet Inc happened on February 8, 2024 when DZ Bank changed their price target from N/A to $60 for Fortinet Inc.
When is the next analyst rating going to be posted or updated for Fortinet (FTNT)?
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 6, 2024 so you should expect the next rating to be made available sometime around May 6, 2025.
Is the Analyst Rating Fortinet (FTNT) correct?
While ratings are subjective and will change, the latest Fortinet (FTNT) rating was a maintained with a price target of $80.00 to $65.00. The current price Fortinet (FTNT) is trading at is $61.40, which is out of the analyst’s predicted range.
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