$63.56
-0.13[-0.20%]
At close: Apr 22
$63.56
0[0.00%]
PreMarket: 5:18PM EDT
Fortinet
(NASDAQ:FTNT)Fortinet Stock (NASDAQ:FTNT), Analyst Ratings, Price Targets, Predictions
Fortinet Inc has a consensus price target of $62.46, established from looking at the 100 latest analyst ratings. The last 3 analyst ratings were released from Jefferies, Cantor Fitzgerald, and Piper Sandler on April 18, 2024, April 17, 2024, and April 3, 2024. With an average price target of $70 between Jefferies, Cantor Fitzgerald, and Piper Sandler, there's an implied 10.13% upside for Fortinet Inc from these 3 analyst ratings.
Analyst Firms Making Recommendations1
Jefferies
Cantor Fitzgerald
Piper Sandler
Susquehanna
Rosenblatt
1calculated from analyst ratings published within the last 3 years
Analyst Ratings for Fortinet
date | ticker | Buy Now | Company | Current price | Upside/Downside | Analyst Firm | Analyst & % Accurate | Price Target Change | Rating Change | Previous / Current Rating | Get Alert |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 04/18/2024 | FTNT | Buy Now | Fortinet | $63.56 | 10.13% | Jefferies | Joseph Gallo | $75 → $70 | Maintains | Hold | Get Alert |
| 04/17/2024 | FTNT | Buy Now | Fortinet | $63.56 | 2.27% | Cantor Fitzgerald | Yi Fu Lee | → $65 | Reiterates | Neutral → Neutral | Get Alert |
| 04/03/2024 | FTNT | Buy Now | Fortinet | $63.56 | 18% | Piper Sandler | Rob Owens | → $75 | Maintains | Neutral | Get Alert |
| 04/03/2024 | FTNT | Buy Now | Fortinet | $63.56 | 25.87% | Susquehanna | Shyam Patil | $80 → $80 | Maintains | Neutral | Get Alert |
| 04/03/2024 | FTNT | Buy Now | Fortinet | $63.56 | 33.73% | Rosenblatt | Catharine Trebnick | $85 → $85 | Maintains | Buy | Get Alert |
| 02/12/2024 | FTNT | Buy Now | Fortinet | $63.56 | 2.27% | Cantor Fitzgerald | Yi Fu Lee | $75 → $65 | Maintains | Neutral | Get Alert |
| 02/08/2024 | FTNT | Buy Now | Fortinet | $63.56 | 33.73% | Goldman Sachs | Gabriela Borges | $60 → $85 | Maintains | Buy | Get Alert |
| 02/08/2024 | FTNT | Buy Now | Fortinet | $63.56 | -5.6% | DZ Bank | Markus Leistner | → $60 | Downgrade | Hold → Sell | Get Alert |
| 02/07/2024 | FTNT | Buy Now | Fortinet | $63.56 | 22.72% | Stifel | Adam Borg | $52 → $78 | Maintains | Hold | Get Alert |
| 02/07/2024 | FTNT | Buy Now | Fortinet | $63.56 | 25.87% | Truist Securities | Joel Fishbein | $60 → $80 | Maintains | Buy | Get Alert |
| 02/07/2024 | FTNT | Buy Now | Fortinet | $63.56 | 27.44% | Morgan Stanley | Hamza Fodderwala | $77 → $81 | Maintains | Overweight | Get Alert |
| 02/07/2024 | FTNT | Buy Now | Fortinet | $63.56 | 41.6% | Scotiabank | Patrick Colville | $70 → $90 | Maintains | Sector Outperform | Get Alert |
| 02/07/2024 | FTNT | Buy Now | Fortinet | $63.56 | 18% | Cantor Fitzgerald | Yi Fu Lee | $50 → $75 | Assumes | → Neutral | Get Alert |
| 02/07/2024 | FTNT | Buy Now | Fortinet | $63.56 | 11.71% | RBC Capital | Dan Bergstrom | $60 → $71 | Maintains | Sector Perform | Get Alert |
| 02/07/2024 | FTNT | Buy Now | Fortinet | $63.56 | 10.13% | Wells Fargo | Andrew Nowinski | $65 → $70 | Maintains | Equal-Weight | Get Alert |
| 02/07/2024 | FTNT | Buy Now | Fortinet | $63.56 | 29.01% | BMO Capital | Keith Bachman | $70 → $82 | Maintains | Market Perform | Get Alert |
| 02/07/2024 | FTNT | Buy Now | Fortinet | $63.56 | 25.87% | Susquehanna | Anne Meisner | $55 → $80 | Maintains | Neutral | Get Alert |
| 02/07/2024 | FTNT | Buy Now | Fortinet | $63.56 | 35.31% | Wedbush | Daniel Ives | $75 → $86 | Maintains | Outperform | Get Alert |
| 02/07/2024 | FTNT | Buy Now | Fortinet | $63.56 | 10.13% | Mizuho | Gregg Moskowitz | $60 → $70 | Maintains | Neutral | Get Alert |
FAQ
What is the target price for Fortinet (FTNT)?
The latest price target for Fortinet (NASDAQ: FTNT) was reported by Jefferies on April 18, 2024. The analyst firm set a price target for $70.00 expecting FTNT to rise to within 12 months (a possible 10.13% upside). 84 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 Jefferies, and Fortinet maintained their hold 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 April 18, 2024 so you should expect the next rating to be made available sometime around April 18, 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 $75.00 to $70.00. The current price Fortinet (FTNT) is trading at is $63.56, which is out of the analyst’s predicted range.
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