What is the analyst consensus rating for FTNT?

The analyst consensus rating for FTNT is Hold, based on the latest ratings from 43 analysts over the last 90 days.

What is the average price target for FTNT?

The average 12-month price target for FTNT is $176.00, representing a downside of 2.2% from the Oct 23, 2026 close of $179.99.

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
Oct 23, 2026	Brian Essex	JP Morgan	Maintains	Sell	$118.00 → $140.00 +22.00 (+18.6%)
Oct 21, 2026	Ellie Kearney	Arete Research	Downgrades	Sell	$117.00
Oct 20, 2026	Junaid Siddiqui	Truist	Maintains	Buy	$183.00 → $200.00 +17.00 (+9.3%)
Oct 16, 2026	Zacks Equity Research	Zacks Equity Research	Initiates Coverage	Buy	-
Oct 15, 2026	Gregg Moskowitz	Mizuho	Maintains	Sell	$138.00 → $160.00 +22.00 (+15.9%)
Oct 15, 2026	Roger Boyd	UBS	Maintains	Hold	$180.00 → $200.00 +20.00 (+11.1%)
Oct 15, 2026	Richard Poland	Wells Fargo	Reiterates	Sell	$135.00 → $160.00 +25.00 (+18.5%)
Oct 13, 2026	Shaul Eyal	TD Cowen	Reiterates	Buy	$215.00 → $225.00 +10.00 (+4.7%)
Oct 12, 2026	Saket Kalia	Barclays	Reiterates	Hold	$190.00 → $210.00 +20.00 (+10.5%)
Oct 12, 2026	Vasundhara Sawalka	Zacks Equity Research	Initiates Coverage	Buy	-
Oct 12, 2026	Dan Bergstrom	RBC Capital	Maintains	Hold	$185.00 → $205.00 +20.00 (+10.8%)
Oct 7, 2026	Daniel Ives	Yorkville Ives	Initiates	Buy	$225.00
Oct 7, 2026	Shaun Pruitt	Zacks Equity Research	Initiates Coverage	Buy	-
Oct 6, 2026	Daniel Ives	Yorkville Ives	Initiates	Buy	$225.00
Oct 5, 2026	Vasundhara Sawalka	Zacks Equity Research	Initiates Coverage	Buy	-
Sep 30, 2026	Zacks Equity Research	Zacks Equity Research	Initiates Coverage	Buy	-
Sep 17, 2026	Peter Weed	Bernstein	Maintains	Hold	$102.00 → $145.00 +43.00 (+42.2%)
Sep 16, 2026	Shaul Eyal	TD Cowen	Reiterates	Buy	$215.00
Sep 14, 2026	Andrew Rocco	Zacks Equity Research	Initiates Coverage	Buy	-
Sep 11, 2026	Nauman Khan	InvestorPlace	Initiates Coverage	Hold	-
Sep 10, 2026	Steven Wahrhaftig	Wedbush	Downgrades	Hold	$125.00 → $155.00 +30.00 (+24.0%)
Sep 10, 2026	Vasundhara Sawalka	Zacks Equity Research	Initiates Coverage	Buy	-
Sep 4, 2026	Tanuka De	TopStockAnalysts	Initiates Coverage	Buy	-
Sep 2, 2026	Tirthankar Chakraborty	Zacks Equity Research	Initiates Coverage	Buy	-
Sep 1, 2026	Anirudha Bhagat	Zacks Equity Research	Initiates Coverage	Buy	-
Aug 27, 2026	Adam Borg	Stifel Nicolaus	Maintains	Hold	$175.00
Aug 27, 2026	Aniruddha Ganguly	Zacks Equity Research	Initiates Coverage	Buy	-
Aug 20, 2026	Fatima Boolani	Citi	Reiterates	Hold	$185.00
Aug 19, 2026	Aparajita Dutta	Zacks Equity Research	Initiates Coverage	Buy	-
Aug 18, 2026	Om Jaiswal	Zacks Equity Research	Initiates Coverage	Buy	-
Aug 12, 2026	Vasundhara Sawalka	Zacks Equity Research	Initiates Coverage	Hold	-
Aug 3, 2026	Shrenik Kothari	Baird	Maintains	Hold	$165.00
Aug 1, 2026	Andrew Rocco	Zacks Equity Research	Initiates Coverage	Buy	-
Jul 31, 2026	Gregg Moskowitz	Mizuho	Maintains	Sell	$125.00 → $138.00 +13.00 (+10.4%)
Jul 31, 2026	Shyam Patil	Susquehanna	Maintains	Hold	$115.00 → $160.00 +45.00 (+39.1%)
Jul 30, 2026	Patrick Colville	Scotiabank	Reiterates	Hold	$110.00 → $163.00 +53.00 (+48.2%)
Jul 30, 2026	Jonathan Ho	William Blair	Maintains	Hold	-
Jul 30, 2026	Rob Owens	Piper Sandler	Maintains	Hold	$110.00 → $175.00 +65.00 (+59.1%)
Jul 30, 2026	Gray Powell	BTIG	Reiterates	Buy	$186.00 → $203.00 +17.00 (+9.1%)
Jul 30, 2026	Junaid Siddiqui	Truist	Reiterates	Buy	$183.00
Jul 30, 2026	Brad Zelnick	Deutsche Bank	Maintains	Hold	$100.00 → $160.00 +60.00 (+60.0%)
Jul 30, 2026	Joseph Gallo	Jefferies	Maintains	Hold	$190.00
Jul 30, 2026	Shaul Eyal	TD Cowen	Reiterates	Buy	$215.00
Jul 30, 2026	Gabriela Borges	Goldman Sachs	Initiates Coverage	Buy	$116.00 → $190.00 +74.00 (+63.8%)
Jul 30, 2026	Saket Kalia	Barclays	Maintains	Hold	$170.00 → $190.00 +20.00 (+11.8%)
Jul 30, 2026	Tal Liani	BofA Securities	Reiterates	Buy	$200.00 → $220.00 +20.00 (+10.0%)
Jul 30, 2026	Keith Bachman	BMO Capital	Maintains	Hold	$170.00 → $185.00 +15.00 (+8.8%)
Jul 30, 2026	Brian Essex	JP Morgan	Initiates Coverage	Sell	$100.00 → $118.00 +18.00 (+18.0%)
Jul 30, 2026	Roger Boyd	UBS	Maintains	Hold	$115.00 → $180.00 +65.00 (+56.5%)
Jul 30, 2026	Richard Poland	Wells Fargo	Maintains	Sell	$120.00 → $135.00 +15.00 (+12.5%)
Jul 30, 2026	Ittai Kidron	Oppenheimer	Maintains	Hold	-
Jul 30, 2026	Mike Cikos	Needham	Maintains	Hold	-
Jul 30, 2026	Catharine Trebnick	Rosenblatt	Reiterates	Buy	$185.00 → $195.00 +10.00 (+5.4%)
Jul 30, 2026	Dan Bergstrom	RBC Capital	Maintains	Hold	$160.00 → $185.00 +25.00 (+15.6%)
Jul 30, 2026	Peter Levine	Evercore ISI Group	Maintains	Hold	$150.00 → $165.00 +15.00 (+10.0%)
Jul 30, 2026	Meta Marshall	Morgan Stanley	Maintains	Hold	$133.00 → $136.00 +3.00 (+2.3%)
Jul 29, 2026	Jonathan Ruykhaver	Cantor Fitzgerald	Reiterates	Hold	$165.00 → $185.00 +20.00 (+12.1%)
Jul 28, 2026	Imtiaz Koujalgi	Roth MKM	Maintains	Hold	$90.00 → $110.00 +20.00 (+22.2%)

Brian Essex

JP Morgan

SellMaintains

$118.00 → $140.00

Oct 23

Ellie Kearney

Arete Research

SellDowngrades

$117.00

Oct 21

Junaid Siddiqui

Truist

BuyMaintains

$183.00 → $200.00

Oct 20

Zacks Equity Research

BuyInitiates Coverage

Oct 16

Gregg Moskowitz

Mizuho

SellMaintains

$138.00 → $160.00

Oct 15

Roger Boyd

UBS

HoldMaintains

$180.00 → $200.00

Oct 15

Richard Poland

Wells Fargo

SellReiterates

$135.00 → $160.00

Oct 15

Shaul Eyal

TD Cowen

BuyReiterates

$215.00 → $225.00

Oct 13

Saket Kalia

Barclays

HoldReiterates

$190.00 → $210.00

Oct 12

Vasundhara Sawalka

Zacks Equity Research

BuyInitiates Coverage

Oct 12

Dan Bergstrom

RBC Capital

HoldMaintains

$185.00 → $205.00

Oct 12

Daniel Ives

Yorkville Ives

BuyInitiates

$225.00

Oct 7

Shaun Pruitt

Zacks Equity Research

BuyInitiates Coverage

Oct 7

Daniel Ives

Yorkville Ives

BuyInitiates

$225.00

Oct 6

Vasundhara Sawalka

Zacks Equity Research

BuyInitiates Coverage

Oct 5

Zacks Equity Research

BuyInitiates Coverage

Sep 30

Peter Weed

Bernstein

HoldMaintains

$102.00 → $145.00

Sep 17

Shaul Eyal

TD Cowen

BuyReiterates

$215.00

Sep 16

Andrew Rocco

Zacks Equity Research

BuyInitiates Coverage

Sep 14

Nauman Khan

InvestorPlace

HoldInitiates Coverage

Sep 11

Steven Wahrhaftig

Wedbush

HoldDowngrades

$125.00 → $155.00

Sep 10

Vasundhara Sawalka

Zacks Equity Research

BuyInitiates Coverage

Sep 10

Tanuka De

TopStockAnalysts

BuyInitiates Coverage

Sep 4

Tirthankar Chakraborty

Zacks Equity Research

BuyInitiates Coverage

Sep 2

Anirudha Bhagat

Zacks Equity Research

BuyInitiates Coverage

Sep 1

Adam Borg

Stifel Nicolaus

HoldMaintains

$175.00

Aug 27

Aniruddha Ganguly

Zacks Equity Research

BuyInitiates Coverage

Aug 27

Fatima Boolani

Citi

HoldReiterates

$185.00

Aug 20

Aparajita Dutta

Zacks Equity Research

BuyInitiates Coverage

Aug 19

Om Jaiswal

Zacks Equity Research

BuyInitiates Coverage

Aug 18

Vasundhara Sawalka

Zacks Equity Research

HoldInitiates Coverage

Aug 12

Shrenik Kothari

Baird

HoldMaintains

$165.00

Aug 3

Andrew Rocco

Zacks Equity Research

BuyInitiates Coverage

Aug 1

Gregg Moskowitz

Mizuho

SellMaintains

$125.00 → $138.00

Jul 31

Shyam Patil

Susquehanna

HoldMaintains

$115.00 → $160.00

Jul 31

Patrick Colville

Scotiabank

HoldReiterates

$110.00 → $163.00

Jul 30

Jonathan Ho

William Blair

HoldMaintains

Jul 30

Rob Owens

Piper Sandler

HoldMaintains

$110.00 → $175.00

Jul 30

Gray Powell

BTIG

BuyReiterates

$186.00 → $203.00

Jul 30

Junaid Siddiqui

Truist

BuyReiterates

$183.00

Jul 30

Brad Zelnick

Deutsche Bank

HoldMaintains

$100.00 → $160.00

Jul 30

Joseph Gallo

Jefferies

HoldMaintains

$190.00

Jul 30

Shaul Eyal

TD Cowen

BuyReiterates

$215.00

Jul 30

Gabriela Borges

Goldman Sachs

BuyInitiates Coverage

$116.00 → $190.00

Jul 30

Saket Kalia

Barclays

HoldMaintains

$170.00 → $190.00

Jul 30

Tal Liani

BofA Securities

BuyReiterates

$200.00 → $220.00

Jul 30

Keith Bachman

BMO Capital

HoldMaintains

$170.00 → $185.00

Jul 30

Brian Essex

JP Morgan

SellInitiates Coverage

$100.00 → $118.00

Jul 30

Roger Boyd

UBS

HoldMaintains

$115.00 → $180.00

Jul 30

Richard Poland

Wells Fargo

SellMaintains

$120.00 → $135.00

Jul 30

Ittai Kidron

Oppenheimer

HoldMaintains

Jul 30

Mike Cikos

Needham

HoldMaintains

Jul 30

Catharine Trebnick

Rosenblatt

BuyReiterates

$185.00 → $195.00

Jul 30

Dan Bergstrom

RBC Capital

HoldMaintains

$160.00 → $185.00

Jul 30

Peter Levine

Evercore ISI Group

HoldMaintains

$150.00 → $165.00

Jul 30

Meta Marshall

Morgan Stanley

HoldMaintains

$133.00 → $136.00

Jul 30

Jonathan Ruykhaver

Cantor Fitzgerald

HoldReiterates

$165.00 → $185.00

Jul 29

Imtiaz Koujalgi

Roth MKM

HoldMaintains

$90.00 → $110.00

Jul 28

Fortinet, Inc. (FTNT) Analyst Forecast

Analyst Consensus Rating

Consensus Rating

Average Price Target

Latest FTNT Analyst Ratings & Recommendations

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