What is the analyst consensus rating for FTNT?

The analyst consensus rating for FTNT is "Hold" based on 31 analyst recommendations.

What is the average price target for FTNT?

The average 12-month price target for FTNT is $113.42, representing a downside of 25.1% from the current price of $151.35.

What do analyst ratings mean?

Analyst ratings indicate investment recommendations: Strong Buy and Buy are bullish signals suggesting the stock may outperform. Hold means the stock is fairly valued. Sell and Strong Sell are bearish signals suggesting potential underperformance. These ratings are based on fundamental analysis and valuation models.

What is a price target?

A price target is an analyst's projection of a stock's fair value over a specific timeframe, typically 12 months. Analysts use fundamental analysis, financial modeling, and industry comparisons to estimate where the stock should trade. Price targets can range from low (conservative) to high (optimistic) estimates.

Fortinet, Inc. (FTNT) Forecast: Analyst Ratings & Targets

Latest FTNT Analyst Ratings & Recommendations

Recent analyst recommendations with rating changes and price target updates (last 90 days)

Date	Analyst	Firm	Action	Rating	Price Target
Jun 12, 2026	Saket Kalia	Barclays	Maintains	Hold	$115.00 → $155.00 +40.00 (34.8%)
Jun 8, 2026	Shaul Eyal	TD Cowen	Reiterates	Buy	$125.00 → $160.00 +35.00 (28.0%)
Jun 8, 2026	Tal Liani	BofA Securities	Reiterates	Buy	$130.00 → $180.00 +50.00 (38.5%)
May 19, 2026	Markus Leistner	DZ BANK AG	Downgrades	Hold	$125.00
May 11, 2026	Shrenik Kothari	Baird	Maintains	Hold	$115.00
May 8, 2026	Unknown Analyst	Guggenheim	Maintains	Hold	-
May 8, 2026	Shyam Patil	Susquehanna	Reiterates	Hold	$90.00 → $115.00 +25.00 (27.8%)
May 8, 2026	Fatima Boolani	Citi	Maintains	Hold	$90.00 → $115.00 +25.00 (27.8%)
May 7, 2026	Adam Borg	Stifel Nicolaus	Maintains	Hold	$85.00 → $102.00 +17.00 (20.0%)
May 7, 2026	Patrick Colville	Scotiabank	Maintains	Hold	$85.00 → $110.00 +25.00 (29.4%)
May 7, 2026	Todd Weller CFA	Stephens	Maintains	Hold	$115.00
May 7, 2026	Imtiaz Koujalgi	Roth MKM	Maintains	Hold	$90.00
May 7, 2026	Jonathan Ho	William Blair	Maintains	Hold	-
May 7, 2026	Gregg Moskowitz	Mizuho	Maintains	Sell	$70.00 → $86.00 +16.00 (22.9%)
May 7, 2026	Rob Owens	Piper Sandler	Maintains	Hold	$90.00 → $110.00 +20.00 (22.2%)
May 7, 2026	Gray Powell	BTIG	Downgrades	Buy	$125.00
May 7, 2026	Junaid Siddiqui	Truist	Reiterates	Buy	$88.00 → $120.00 +32.00 (36.4%)
May 7, 2026	Brad Zelnick	Deutsche Bank	Maintains	Hold	$85.00 → $100.00 +15.00 (17.6%)
May 7, 2026	Eric Heath	KeyBanc	Maintains	Hold	-
May 7, 2026	Gabriela Borges	Goldman Sachs	Initiates Coverage	Buy	$101.00 → $116.00 +15.00 (14.8%)
May 7, 2026	Keith Bachman	BMO Capital	Maintains	Hold	$95.00 → $117.00 +22.00 (23.2%)
May 7, 2026	Brian Essex	JP Morgan	Initiates Coverage	Sell	$73.00 → $75.00 +2.00 (2.7%)
May 7, 2026	Roger Boyd	UBS	Initiates Coverage	Hold	$90.00 → $115.00 +25.00 (27.8%)
May 7, 2026	Mike Cikos	Needham	Maintains	Hold	-
May 7, 2026	Catharine Trebnick	Rosenblatt	Reiterates	Buy	$105.00 → $125.00 +20.00 (19.1%)
May 7, 2026	Dan Bergstrom	RBC Capital	Maintains	Hold	$90.00 → $107.00 +17.00 (18.9%)
May 7, 2026	Peter Levine	Evercore ISI Group	Initiates Coverage	Hold	$78.00 → $100.00 +22.00 (28.2%)
May 7, 2026	Meta Marshall	Morgan Stanley	Maintains	Sell	$70.00 → $80.00 +10.00 (14.3%)
Apr 27, 2026	Ellie Bagshaw	Arete Research	Downgrades	Buy	$104.00
Apr 21, 2026	Jonathan Ruykhaver	Cantor Fitzgerald	Reiterates	Hold	$87.00 → $87.00 +0.00 (0.0%)
Apr 14, 2026	Gregg Moskowitz	Mizuho	Maintains	Sell	$74.00 → $70.00 -4.00 (-5.4%)
Apr 14, 2026	Ittai Kidron	Oppenheimer	Maintains	Hold	-

Saket Kalia

Barclays

HoldMaintains

$115.00 → $155.00

Jun 12

Shaul Eyal

TD Cowen

BuyReiterates

$125.00 → $160.00

Jun 8

Tal Liani

BofA Securities

BuyReiterates

$130.00 → $180.00

Jun 8

Markus Leistner

DZ BANK AG

HoldDowngrades

$125.00

May 19

Shrenik Kothari

Baird

HoldMaintains

$115.00

May 11

Unknown Analyst

Guggenheim

HoldMaintains

May 8

Shyam Patil

Susquehanna

HoldReiterates

$90.00 → $115.00

May 8

Fatima Boolani

Citi

HoldMaintains

$90.00 → $115.00

May 8

Adam Borg

Stifel Nicolaus

HoldMaintains

$85.00 → $102.00

May 7

Patrick Colville

Scotiabank

HoldMaintains

$85.00 → $110.00

May 7

Todd Weller CFA

Stephens

HoldMaintains

$115.00

May 7

Imtiaz Koujalgi

Roth MKM

HoldMaintains

$90.00

May 7

Jonathan Ho

William Blair

HoldMaintains

May 7

Gregg Moskowitz

Mizuho

SellMaintains

$70.00 → $86.00

May 7

Rob Owens

Piper Sandler

HoldMaintains

$90.00 → $110.00

May 7

Gray Powell

BTIG

BuyDowngrades

$125.00

May 7

Junaid Siddiqui

Truist

BuyReiterates

$88.00 → $120.00

May 7

Brad Zelnick

Deutsche Bank

HoldMaintains

$85.00 → $100.00

May 7

Eric Heath

KeyBanc

HoldMaintains

May 7

Gabriela Borges

Goldman Sachs

BuyInitiates Coverage

$101.00 → $116.00

May 7

Keith Bachman

BMO Capital

HoldMaintains

$95.00 → $117.00

May 7

Brian Essex

JP Morgan

SellInitiates Coverage

$73.00 → $75.00

May 7

Roger Boyd

UBS

HoldInitiates Coverage

$90.00 → $115.00

May 7

Mike Cikos

Needham

HoldMaintains

May 7

Catharine Trebnick

Rosenblatt

BuyReiterates

$105.00 → $125.00

May 7

Dan Bergstrom

RBC Capital

HoldMaintains

$90.00 → $107.00

May 7

Peter Levine

Evercore ISI Group

HoldInitiates Coverage

$78.00 → $100.00

May 7

Meta Marshall

Morgan Stanley

SellMaintains

$70.00 → $80.00

May 7

Ellie Bagshaw

Arete Research

BuyDowngrades

$104.00

Apr 27

Jonathan Ruykhaver

Cantor Fitzgerald

HoldReiterates

$87.00 → $87.00

Apr 21

Gregg Moskowitz

Mizuho

SellMaintains

$74.00 → $70.00

Apr 14

Ittai Kidron

Oppenheimer

HoldMaintains

Apr 14

Fortinet, Inc. (FTNT) Analyst Forecast

Analyst Consensus Rating

Consensus Rating

Average Price Target

Latest FTNT Analyst Ratings & Recommendations

Frequently Asked Questions