Fortinet (FTNT) Stock Forecast & Price Prediction

Estimation of the future price movement of Fortinet stock, based on various factors such as historical price trends, market trends, company performance, and economic conditions.

Price target


Current $70.44

Concensus $71.68


Low $57.00

Median $70.30

High $85.00

Based on analysts projections #FTNT is expected to experience a positive growth trajectory over the next year.

The current average FTNT price target, as estimated by these analysts, is $71.68.

The predictions for the future FTNT stock price range from a low of $57.00 to a high of $85.00, highlighting the variability of market expectations for FTNT.

It is important to note that market fluctuations and unforeseen events can have an impact on these projections, so investors should always exercise caution and conduct thorough research before making any investment decisions.

FTNT stock forecasts by analyst

Analyst / firm Date Rating Price target Price when posted
Shrenik Kothari
Robert W. Baird
February 7, 2024 Buy 81.00 69.48
Raymond McDonough
Guggenheim
November 3, 2023 Sell 62.00 47.75
Junaid Siddiqui
Truist Financial
November 3, 2023 Sell 60.00 47.75
Raymond McDonough
Guggenheim
August 7, 2023 Sell 70.00 56.77
Loop Capital Markets February 7, 2023 Sell 66.00 51.99
BMO Capital February 2, 2023 Sell 57.00 53.09
Morgan Stanley December 22, 2022 Buy 71.00 48.98
Hamza Fodderwala
Morgan Stanley
November 3, 2022 Sell 66.00 45.93
Carson Sippel
SMBC Nikko
October 6, 2022 Sell 70.00 53.74
Catharine Trebnick
MKM Partners
September 16, 2022 Sell 70.00 50.42
Brad Zelnick
Deutsche Bank
August 17, 2022 Sell 63.00 51.93
Dan Bergstrom
RBC Capital
August 4, 2022 Sell 69.00 52.53
Keith Bachman
BMO Capital
August 4, 2022 Sell 68.00 52.53
Gregg Moskowitz
Mizuho Securities
August 4, 2022 Sell 70.00 52.53
Saket Kalia
Barclays
August 4, 2022 Buy 77.00 52.53
Keith Bachman
BMO Capital
July 5, 2022 Sell 70.00 57.37
Michael Turits
KeyBanc
May 15, 2022 Buy 353.00 56.31
Patrick Colville
Deutsche Bank
May 12, 2022 Buy 300.00 52.19
Fatima Boolani
Citigroup
April 29, 2022 Buy 405.00 61.73
Brian Essex
Goldman Sachs
April 17, 2022 Buy 390.00 66.35
Saket Kalia
Barclays
April 3, 2022 Buy 395.00 67.80
Patrick Colville
Deutsche Bank
March 26, 2022 Buy 250.00 66.55
Daniel Ives
Wedbush
February 6, 2022 Buy 350.00 62.87
Catharine Trebnick
Colliers Securities
February 4, 2022 Buy 330.00 62.87
Irvin Liu
Evercore ISI
February 4, 2022 Buy 380.00 62.87
Adam Tindle
Raymond James
February 4, 2022 Buy 350.00 62.87
Hamza Fodderwala
Morgan Stanley
February 4, 2022 Buy 315.00 62.87
Andrew Nowinski
Wells Fargo
February 3, 2022 Buy 360.00 59.40
Shaul Eyal
Cowen & Co.
January 19, 2022 Buy 425.00 61.43
Gray Powell
BTIG
November 17, 2021 Buy 391.00 68.27
Shebly Seyrafi
FBN Securities
November 5, 2021 Buy 400.00 68.24
Rob Owens
Piper Sandler
November 5, 2021 Buy 350.00 68.24
Ittai Kidron
Oppenheimer
November 5, 2021 Buy 400.00 68.24
Brian Essex
Goldman Sachs
November 5, 2021 Buy 380.00 68.24
Michael Turits
KeyBanc
October 25, 2021 Buy 370.00 66.38
Adam Borg
Stifel Nicolaus
September 21, 2021 Buy 355.00 59.92

Fortinet (FTNT) Fundamentals Checker

Financial metrics are used to evaluate financial stability which helps analysts determine if Fortinet is undervalued compared to its fair value. A company's financial health can strongly influence the stock forecast.

Neutral

Financial Scores

Updated on: 03/03/2024

Altman Z-Score: 5.2

Piotroski Score: 6.0

ESG Score

Updated on: 03/03/2024

Environmental: 44.1

Social: 48.9

Governance: 63.1

Financial Health

Updated on: 03/03/2024

DCF: Buy

ROE: Strong Sell

ROA: Strong Buy

Debt to equity ratio: Strong Sell

Price to earnings ratio: Strong Buy

Price to book ratio: Strong Sell

FTNT Discounted Cash Flow

Updated on: 03/03/2024

$78.334
Discounted Cash Flow Value


$70.440
Current Price

FTNT Revenues by Segment

Updated on: 03/03/2024

Product
$19,273,000.00
Security Subscription
$18,981,000.00
Service
$33,775,000.00
Technical Support and Other
$14,794,000.00

Revenue from Contract with Customer, Excluding Assessed Tax

FTNT Revenues by Region

Updated on: 03/03/2024

Americas
$21,752,000.00
Asia Pacific and Japan
$10,567,000.00
Europe, Middle East and Africa
$20,729,000.00
Other Americas
$5,693,000.00
UNITED STATES
$16,059,000.00

FTNT Notes Due

Updated on: 03/03/2024

CIKExchangeTitle

There are no data to display

Fortinet (FTNT) Social Sentiments

Monitoring bullish and bearish sentiments towards Fortinet on Twitter and Stocktwits could help to forecast an upward or downward trend in Fortinet stock price.

No social results for FTNT

Fortinet (FTNT): A Promising Stock Forecast in Cybersecurity Solutions for IT Infrastructure

Fortinet (FTNT), a leading provider of cybersecurity solutions, is one of the top companies operating in the Software - Infrastructure sector. The company's mission is to deliver the most innovative, highest-performing network security platform to secure and simplify IT infrastructure. Fortinet has been performing well in recent years and its stock forecast for the future looks promising. The company's strong... Read more

Fortinet (FTNT): A Promising Stock Pick in the Software - Infrastructure Industry for Positive Stock Predictions

The technology sector is one of the most dynamic and rapidly growing sectors in the stock market industry today. One specific sub-sector of technology that has gained significant attention in recent years is the Software - Infrastructure industry which includes companies that specialize in developing software platforms, networking and security infrastructure for businesses. These firms are critical to a company's... Read more