What is the analyst consensus rating for FTNT?

The analyst consensus rating for FTNT is "Buy" based on 33 analyst recommendations.

What is the average price target for FTNT?

The average 12-month price target for FTNT is $168.45, representing an upside of 7.1% from the current price of $157.22.

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
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	Aniruddha Ganguly	Zacks Equity Research	Initiates Coverage	Buy	-
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 1, 2026	Andrew Rocco	Zacks Equity Research	Initiates Coverage	Buy	-
Jul 31, 2026	Nvidia	Investing.com	Initiates Coverage	Buy	-
Jul 30, 2026	Patrick Colville	Scotiabank	Reiterates	Hold	$110.00 → $163.00 +53.00 (48.2%)
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	UK	Investing.com	Initiates Coverage	Buy	-
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	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%)
Jul 20, 2026	Ethan Feller	Zacks Equity Research	Initiates Coverage	Buy	-
Jul 13, 2026	Shaul Eyal	TD Cowen	Reiterates	Buy	$160.00 → $215.00 +55.00 (34.4%)
Jul 13, 2026	Saket Kalia	Barclays	Maintains	Hold	$155.00 → $170.00 +15.00 (9.7%)
Jul 13, 2026	Richard Poland	Wells Fargo	Maintains	Sell	$45.00 → $125.00 +80.00 (177.8%)
Jul 10, 2026	Gray Powell	BTIG	Maintains	Buy	$150.00 → $186.00 +36.00 (24.0%)
Jun 29, 2026	Peter Weed	Bernstein	Maintains	Hold	$92.00
Jun 29, 2026	Stephen Bersey	HSBC	Downgrades	Sell	$102.00
Jun 29, 2026	Richard Poland	Wells Fargo	Reiterates	Sell	$45.00 → $125.00 +80.00 (177.8%)
Jun 12, 2026	Saket Kalia	Barclays	Maintains	Hold	$115.00 → $155.00 +40.00 (34.8%)

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

Aniruddha Ganguly

Zacks Equity Research

BuyInitiates Coverage

Aug 27

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

Andrew Rocco

Zacks Equity Research

BuyInitiates Coverage

Aug 1

Nvidia

Investing.com

BuyInitiates Coverage

Jul 31

Patrick Colville

Scotiabank

HoldReiterates

$110.00 → $163.00

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

Investing.com

BuyInitiates Coverage

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

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

Ethan Feller

Zacks Equity Research

BuyInitiates Coverage

Jul 20

Shaul Eyal

TD Cowen

BuyReiterates

$160.00 → $215.00

Jul 13

Saket Kalia

Barclays

HoldMaintains

$155.00 → $170.00

Jul 13

Richard Poland

Wells Fargo

SellMaintains

$45.00 → $125.00

Jul 13

Gray Powell

BTIG

BuyMaintains

$150.00 → $186.00

Jul 10

Peter Weed

Bernstein

HoldMaintains

$92.00

Jun 29

Stephen Bersey

HSBC

SellDowngrades

$102.00

Jun 29

Richard Poland

Wells Fargo

SellReiterates

$45.00 → $125.00

Jun 29

Saket Kalia

Barclays

HoldMaintains

$115.00 → $155.00

Jun 12

Fortinet, Inc. (FTNT) Analyst Forecast

Analyst Consensus Rating

Consensus Rating

Average Price Target

Latest FTNT Analyst Ratings & Recommendations

Frequently Asked Questions