← ANALYST RATINGS · TIPRANKS

Fortinet (FTNT): analyst forecast and price target

$169 −7.03% close 16.10.26 · market cap $135B · Technology · Software - Infrastructure QQQ 0.57%SPY 0.17%
Price targets and ratings of

Analyst consensus

Hold

6 Buy20 Hold3 Sell

Ratings of 29 analysts in the last 3 months · top analysts only

12-month forecast

$176+3.9% upside

Based on 29 price targets given in the last 3 months, the average target is $176, the highest $225, the lowest $110. The average is +3.9% from the last price of $169.

$100$150$200Jan 26AprJulOctJan 27AprJulOctHigh$225Average$176Low$110
Highest target $225 Average target $176 Lowest target $110
AnalystFirmPrice target RatingUpsideAction Date Move vs SPY
Roger Boyd★★★★★★★★★★#2761 · hits 58% · avg +8.0% UBS $180 → $200+11.1% Hold +18.3% Assigned 15.10.26on TipRanks 09:20 −1.4%next day −5.9%
Gregg Moskowitz★★★★★★★★★★#704 · hits 60% · avg +10.0% Mizuho Securities $138 → $160+15.9% Sell −5.4% Reiterated 15.10.26on TipRanks 07:40 −1.4%next day −5.9%
Richard Poland★★★★★★★★★★#7479 · hits 60% · avg +1.3% Wells Fargo $135 → $160+18.5% Sell −5.4% Assigned 15.10.26on TipRanks 06:10 −1.4%next day −5.9%
Shaul Eyal★★★★★★★★★★#238 · hits 62% · avg +18.3% TD Cowen $215 → $225+4.7% Buy +33.0% Assigned 13.10.26on TipRanks 05:01 −1.1%next day −2.4%
Dan Bergstrom★★★★★★★★★★#2035 · hits 64% · avg +14.6% RBC Capital $185 → $205+10.8% Hold +21.2% Reiterated 12.10.26on TipRanks 08:20 −0.9%next day −1.1%
Saket Kalia★★★★★★★★★★#966 · hits 56% · avg +9.0% Barclays $190 → $210+10.5% Hold +24.2% Assigned 12.10.26on TipRanks 05:07 −0.9%next day −1.1%
Daniel Ives★★★★★★★★★★#345 · hits 58% · avg +18.2% Wedbush $225 Buy +33.0% Initiated 06.10.26on TipRanks Oct 7 08:45 +3.3%next day −0.8% · 5 days −0.1%
Peter Weed★★★★★★★★★★#1023 · hits 66% · avg +14.7% Bernstein $102 → $145+42.2% Hold −14.3% Reiterated 17.09.26on TipRanks 06:30 −0.7%next day −1.7% · 5 days +2.7%
Shaul Eyal★★★★★★★★★★#238 · hits 62% · avg +18.3% TD Cowen $215 Buy +27.1% Reiterated 16.09.26on TipRanks 00:30 +0.1%next day −0.7% · 5 days +2.0%
Steven Wahrhaftig★★★★★★★★★★#11208 · hits 25% · avg −12.8% Wedbush $125 → $155+24.0% Hold −8.4% Downgrade 10.09.26on TipRanks 16:15 −2.6%next day +9.5% · 5 days +8.9%
Adam Borg★★★★★★★★★★#582 · hits 66% · avg +15.2% Stifel Nicolaus $175 Hold +3.5% Reiterated 27.08.26on TipRanks 10:10 +9.0%next day −3.7% · 5 days −9.8%
Fatima Boolani★★★★★★★★★★#345 · hits 64% · avg +19.6% Citi $185 Hold +9.4% Reiterated 20.08.26on TipRanks 05:55 −0.5%next day +1.4% · 5 days +13.5%
Shrenik Kothari★★★★★★★★★★#198 · hits 68% · avg +22.3% Robert W. Baird $165 Hold −2.4% Reiterated 03.08.26on TipRanks 16:55 +1.3%next day −2.3% · 5 days −3.7%
Gregg Moskowitz★★★★★★★★★★#704 · hits 60% · avg +10.0% Mizuho Securities $125 → $138+10.4% Sell −18.4% Reiterated 31.07.26on TipRanks Aug 4 08:18 +4.3%next day −0.6% · 5 days −4.9%
Shyam Patil★★★★★★★★★★#779 · hits 56% · avg +10.4% Susquehanna $115 → $160+39.1% Hold −5.4% Reiterated 31.07.26on TipRanks 08:21 +4.3%next day −0.6% · 5 days −4.9%
Jonathan Ho★★★★★★★★★★#1758 · hits 55% · avg +8.6% William Blair — Hold — Reiterated 30.07.26on TipRanks 13:35 −1.0%next day +4.3% · 5 days +0.2%
Joseph Gallo★★★★★★★★★★#603 · hits 69% · avg +18.2% Jefferies $190 Hold +12.3% Reiterated 30.07.26on TipRanks 10:44 −1.0%next day +4.3% · 5 days +0.2%
Brian Essex★★★★★★★★★★#1150 · hits 55% · avg +10.1% J.P. Morgan $100 → $118+18.0% Sell −30.2% Assigned 30.07.26on TipRanks 09:30 −1.0%next day +4.3% · 5 days +0.2%
Peter Levine★★★★★★★★★★#1212 · hits 60% · avg +15.1% Evercore ISI $150 → $165+10.0% Hold −2.4% Reiterated 30.07.26on TipRanks 08:50 −1.0%next day +4.3% · 5 days +0.2%
Ittai Kidron★★★★★★★★★★#866 · hits 55% · avg +9.8% Oppenheimer — Hold — Reiterated 30.07.26on TipRanks 08:35 −1.0%next day +4.3% · 5 days +0.2%
Brad Zelnick★★★★★★★★★★#560 · hits 66% · avg +9.3% Deutsche Bank $100 → $160+60.0% Hold −5.4% Reiterated 30.07.26on TipRanks 08:35 −1.0%next day +4.3% · 5 days +0.2%
Junaid Siddiqui★★★★★★★★★★#379 · hits 74% · avg +31.2% Truist Financial $183 Buy +8.2% Reiterated 30.07.26on TipRanks 07:55 −1.0%next day +4.3% · 5 days +0.2%
Keith Bachman★★★★★★★★★★#1304 · hits 53% · avg +8.0% BMO Capital $170 → $185+8.8% Hold +9.4% Reiterated 30.07.26on TipRanks 07:55 −1.0%next day +4.3% · 5 days +0.2%
Roger Boyd★★★★★★★★★★#2761 · hits 58% · avg +8.0% UBS $115 → $180+56.5% Hold +6.4% Reiterated 30.07.26on TipRanks 07:35 −1.0%next day +4.3% · 5 days +0.2%
Tal Liani★★★★★★★★★★#798 · hits 58% · avg +10.2% Bank of America Securities $200 → $220+10.0% Buy +30.1% Reiterated 30.07.26on TipRanks 07:35 −1.0%next day +4.3% · 5 days +0.2%
Patrick Colville★★★★★★★★★★#1680 · hits 55% · avg +8.6% Scotiabank $110 → $163+48.2% Hold −3.6% Reiterated 30.07.26on TipRanks 07:35 −1.0%next day +4.3% · 5 days +0.2%
Gabriela Borges★★★★★★★★★★#817 · hits 59% · avg +13.8% Goldman Sachs $116 → $190+63.8% Buy +12.3% Assigned 30.07.26on TipRanks 07:11 −1.0%next day +4.3% · 5 days +0.2%
Catharine Trebnick★★★★★★★★★★#6979 · hits 49% · avg +0.4% Rosenblatt Securities $185 → $195+5.4% Buy +15.3% Reiterated 30.07.26on TipRanks 07:06 −1.0%next day +4.3% · 5 days +0.2%
Dan Bergstrom★★★★★★★★★★#2035 · hits 64% · avg +14.6% RBC Capital $160 → $185+15.6% Hold +9.4% Reiterated 30.07.26on TipRanks 06:56 −1.0%next day +4.3% · 5 days +0.2%
Rob Owens★★★★★★★★★★#194 · hits 63% · avg +19.9% Piper Sandler $110 → $175+59.1% Hold +3.5% Reiterated 30.07.26on TipRanks 06:55 −1.0%next day +4.3% · 5 days +0.2%
Mike Cikos★★★★★★★★★★#418 · hits 59% · avg +16.1% Needham — Hold — Reiterated 30.07.26on TipRanks 06:50 −1.0%next day +4.3% · 5 days +0.2%
Meta Marshall★★★★★★★★★★#1825 · hits 56% · avg +6.2% Morgan Stanley $133 → $136+2.3% Hold −19.6% Reiterated 30.07.26on TipRanks 06:50 −1.0%next day +4.3% · 5 days +0.2%
Richard Poland★★★★★★★★★★#7479 · hits 60% · avg +1.3% Wells Fargo $120 → $135+12.5% Sell −20.2% Reiterated 30.07.26on TipRanks 06:30 −1.0%next day +4.3% · 5 days +0.2%
Gray Powell★★★★★★★★★★#648 · hits 58% · avg +12.0% BTIG $186 → $203+9.1% Buy +20.0% Reiterated 30.07.26on TipRanks 06:15 −1.0%next day +4.3% · 5 days +0.2%
Saket Kalia★★★★★★★★★★#966 · hits 56% · avg +9.0% Barclays $170 → $190+11.8% Hold +12.3% Reiterated 30.07.26on TipRanks 05:44 −1.0%next day +4.3% · 5 days +0.2%
Jonathan Ruykhaver★★★★★★★★★★#124 · hits 64% · avg +24.8% Cantor Fitzgerald $165 → $185+12.1% Hold +9.4% Reiterated 29.07.26on TipRanks Jul 30 07:50 +3.7%next day −1.0% · 5 days +1.6%
Unknown Analyst Guggenheim — Hold — Reiterated 29.07.26on TipRanks Jul 30 06:55 +3.7%next day −1.0% · 5 days +1.6%
Imtiaz Koujalgi★★★★★★★★★★#894 · hits 68% · avg +20.9% Roth MKM $90.00 → $110+22.2% Hold −35.0% Reiterated 28.07.26on TipRanks 21:50 +3.7%next day −1.0% · 5 days +1.6%
Stephen Bersey★★★★★★★★★★#568 · hits 72% · avg +18.0% HSBC $102 Sell −39.7% Downgrade 29.06.26on TipRanks 18:45 −1.9%next day +3.6% · 5 days +2.2%
Markus Leistner★★★★★★★★★★#1603 · hits 60% · avg +20.6% DZ BANK AG $125 Hold −26.1% Downgrade 19.05.26on TipRanks 05:05 +1.6%next day +0.8% · 5 days −2.1%
Todd Weller CFA★★★★★★★★★★#3888 · hits 54% · avg +11.4% Stephens $115 Hold −32.0% Reiterated 07.05.26on TipRanks 06:55 +20.3%next day +4.8% · 5 days +10.6%
Eric Heath★★★★★★★★★★#631 · hits 66% · avg +19.7% KeyBanc — Hold — Reiterated 07.05.26on TipRanks 05:31 +20.3%next day +4.8% · 5 days +10.6%
Ellie Bagshaw★★★★★★★★★★#7195 · hits 100% · avg +54.7% Arete Research $104 Buy −38.5% Upgrade 27.04.26on TipRanks May 1 02:15 +1.4%next day +0.5% · 5 days +3.8%
Shigemichi Yoshizu★★★★★★★★★★#7046 · hits 67% · avg +19.0% Daiwa $86.00 Hold −49.2% Downgrade 12.11.25on TipRanks 06:15 −1.9%next day +0.3% · 5 days +0.1%

Every rating the collector has kept for the last 12 months, including the earlier ones of the same analyst. Latest of each analyst

Best analysts covering Fortinet

TipRanks picks them by their record on this stock; the figures under the name are their record across all their ratings.

Most accurate

3 months Catharine Trebnick★★★★★★★★★★Rosenblatt Securities · #6979
Hits 49%200 of 410 Average return +0.4%
1 year Tal Liani★★★★★★★★★★Bank of America Securities · #798
Hits 58%278 of 483 Average return +10.2%
2 years Junaid Siddiqui★★★★★★★★★★Truist Financial · #379
Hits 74%81 of 109 Average return +31.2%

Most profitable

3 months Catharine Trebnick★★★★★★★★★★Rosenblatt Securities · #6979
Hits 49%200 of 410 Average return +0.4%
1 year Junaid Siddiqui★★★★★★★★★★Truist Financial · #379
Hits 74%81 of 109 Average return +31.2%
2 years Junaid Siddiqui★★★★★★★★★★Truist Financial · #379
Hits 74%81 of 109 Average return +31.2%

How the average price target moved

The average target of all analysts (their ratings of the 3 months before) on each day, the top analysts’ dashed, against the price; the site keeps this record since 1 October 2026. On 01.10.26: target $171 at a price of $179 (−4.6%); now: $177 at $169 (+4.5%).

$160$180Sep 15Oct 1Oct 15Top analysts$176Average target$177Price$169

PriceAverage targetTop analysts’ target

Recommendation trend · top analysts

02550758403Oct 253273Nov3274Dec6308Jan 2673111Feb94113Mar83710Apr103710May10279Jun195116Jul133412Aug12338Sep372Oct

Strong BuyBuyHoldSell

Rating05.2606.2607.2608.2609.2610.26
Strong Buy000000
Buy10101913123
Hold37275134337
Sell109161282

Earnings and sales forecast

Next report: 28.10.26 (Q3 2026, date not confirmed)

Earnings per share

Next quarter’s EPS estimate — $0.86 (from $0.84 to $0.92). Last quarter: $0.90.

Sales

Next quarter’s sales estimate — $2.1B (from $2.0B to $2.1B). Last quarter: $2.0B.

Best top-analyst consensus in the sector · Technology

TSMTSMC
ANETArista Networks
UCTTUltra Clean Holdings
ONTOOnto Innovation
CLSnot in our ETFs
About Fortinet
  • CEO: Ken Xie
  • Employees: 15,472
  • 899 Kifer Road, Sunnyvale, CA, 94086, US
  • www.fortinet.com

Fortinet, Inc. specializes in delivering extensive, unified, and automated cybersecurity solutions to a global clientele, encompassing the Americas, Europe, the Middle East, Africa, and the Asia Pacific regions. At its core, the company offers FortiGate, a powerful platform combining hardware and software licenses that provides a comprehensive suite of security and networking functionalities. This includes firewall capabilities, intrusion prevention, anti-malware defense, virtual private network (VPN) services, application control, web filtering, anti-spam measures, and wide area network (WAN) acceleration. Beyond its flagship product, Fortinet provides a diverse portfolio of specialized security tools. These range from FortiSwitch for secure network switching and FortiAP for robust wireless connectivity, to FortiExtender, a versatile hardware appliance. For centralized network visibility and control, clients utilize FortiAnalyzer for logging, analysis, and reporting, and FortiManager for scalable administration of FortiGate devices. The company further fortifies digital defenses with FortiWeb (web application firewalls), FortiMail (secure email gateways), and FortiSandbox technology, which offers proactive threat detection and mitigation. Endpoint protection is a key focus, delivered through FortiClient (featuring pattern-based anti-malware, behavior-based exploit protection, web-filtering, and an application firewall) and the advanced FortiEDR/XDR suite, which leverages machine learning for anti-malware execution and real-time post-infection defense. Additionally, FortiToken and FortiAuthenticator product families provide essential multi-factor authentication to safeguard systems and data. Fortinet's service offerings include security subscriptions, technical support, professional consulting, and training programs. Its robust security technologies are distributed both directly to end-users and through an extensive network of channel partners. The company serves a

Data from the stock’s TipRanks forecast page, read 1 min ago. It is read again as soon as a new rating appears and at least every 8 hours. TipRanks ↗