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Fortinet

FTNTNASDAQ
Logo brought to you by Benzinga Data
$75.37
0.690.92%
Last update: 10:49 AM
15 minutes delayed
Consensus Rating1
Neutral
Highest Price Target1
$85.00
Lowest Price Target1
$50.00
Consensus Price Target1
$71.00

Fortinet (NASDAQ:FTNT) Stock, Analyst Ratings, Price Targets, Forecasts

Fortinet Inc has a consensus price target of $71 based on the ratings of 33 analysts. The high is $85 issued by Goldman Sachs on February 8, 2024. The low is $50 issued by Cantor Fitzgerald on November 21, 2023. The 3 most-recent analyst ratings were released by Citigroup, Susquehanna, and Citigroup on September 13, 2024, August 8, 2024, and August 7, 2024, respectively. With an average price target of $70.67 between Citigroup, Susquehanna, and Citigroup, there's an implied -6.24% downside for Fortinet Inc from these most-recent analyst ratings.

Analyst Trends and Forecast
0
0
0
0
Jun
1
3
Jul
2
7
Aug
1
Sep
Buy
Hold
Sell
Strong Sell
Analyst Rating and Forecast
12345
2.6
Hold
Strong Buy
Buy
Hold
Sell
Strong Sell

Analyst Firms Making Recommendations1

Citigroup
Susquehanna
Scotiabank
Cantor Fitzgerald
Deutsche Bank

1calculated from analyst ratings

Analyst Ratings for Fortinet

Data brought to you by Benzinga APIs

FAQ

Q

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

A

The latest price target for Fortinet (NASDAQ:FTNT) was reported by Citigroup on September 13, 2024. The analyst firm set a price target for $76.00 expecting FTNT to rise to within 12 months (a possible 0.84% upside). 92 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 Citigroup, and Fortinet maintained their neutral rating.

Q

When was the last upgrade for Fortinet (FTNT)?

A

The last upgrade for Fortinet Inc happened on July 18, 2024 when TD Cowen raised their price target to $75. TD Cowen previously had a hold for Fortinet Inc.

Q

When was the last downgrade for Fortinet (FTNT)?

A

The last downgrade for Fortinet Inc happened on July 29, 2024 when Guggenheim changed their price target from N/A to N/A 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 September 13, 2024 so you should expect the next rating to be made available sometime around September 13, 2025.

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 $66.00 to $76.00. The current price Fortinet (FTNT) is trading at is $75.37, which is within the analyst’s predicted range.

Browse analyst ratings and price targets on all stocks.

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