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Fortinet Inc
NASDAQ:FTNT

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Fortinet Inc Logo
Fortinet Inc
NASDAQ:FTNT
Watchlist
Price: 64.8 USD 1.74% Market Closed
Updated: Apr 24, 2024
Section:
 

Wall Street
Price Targets

FTNT Price Targets Summary
Fortinet Inc

Wall Street analysts forecast FTNT stock price to rise over the next 12 months.

According to Wall Street analysts, the average 1-year price target for FTNT is 77.11 USD with a low forecast of 50.5 USD and a high forecast of 96.08 USD.

FTNT Lowest Forecast
Wall Street Target
50.5 USD
22% Downside
FTNT Average Forecast
Wall Street Target
77.11 USD
19% Upside
FTNT Highest Forecast
Wall Street Target
96.08 USD
48% Upside
Lowest
Price Target
50.5 USD
22% Downside
Average
Price Target
77.11 USD
19% Upside
Highest
Price Target
96.08 USD
48% Upside

FTNT Last Price Targets
Fortinet Inc

The latest public price target was made on Feb 7, 2024 by Shrenik Kothari from Robert W. Baird , who expects FTNT stock to rise by 25% over the next 12 months. You can read more about this price target by viewing the article on Benzinga.

Analyst Price Target Date Article
Shrenik Kothari
Robert W. Baird
81 USD
Upside 25%
2 months ago
Feb 7, 2024
Cybersecurity Firm Fortinet Takes 'Step In Right Direction': 7 Analysts Deep Dive Into Q4 Print
Benzinga
Raymond McDonough
Guggenheim
62 USD
Downside 4%
5 months ago
Nov 3, 2023
Fortinet Must Face 'Reality Of Constrained Demand' After Mixed Q3, Analyst Says
Benzinga
Junaid Siddiqui
Truist Financial
60 USD
Downside 7%
5 months ago
Nov 3, 2023
Fortinet Must Face 'Reality Of Constrained Demand' After Mixed Q3, Analyst Says
Benzinga
Raymond McDonough
Guggenheim
70 USD
Upside 8%
8 months ago
Aug 7, 2023
Guggenheim Upgrades Fortinet (FTNT) to Buy, 'growth to reaccelerate into 2024'
StreetInsider
Unknown Analyst
Loop Capital Markets
66 USD
Upside 2%
1 year ago
Feb 7, 2023
Loop Capital Initiates Coverage On Fortinet with Buy Rating, Announces Price Target of $66
Benzinga
Unknown Analyst
BMO Capital
57 USD
Downside 12%
1 year ago
Feb 2, 2023
BMO Capital Downgrades Fortinet to Market Perform, Lowers Price Target to $57
Benzinga
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Shrenik Kothari
Robert W. Baird
Price Target 81 USD
Upside/Downside 25%
View Source
Raymond McDonough
Guggenheim
Price Target 62 USD
Upside/Downside 4%
View Source
Junaid Siddiqui
Truist Financial
Price Target 60 USD
Upside/Downside 7%
View Source
Raymond McDonough
Guggenheim
Price Target 70 USD
Upside/Downside 8%
View Source
Unknown Analyst
Loop Capital Markets
Price Target 66 USD
Upside/Downside 2%
View Source
Unknown Analyst
BMO Capital
Price Target 57 USD
Upside/Downside 12%
View Source
Show More Price Targets
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Fortinet Inc Competitors:
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Revenue
Forecast

Revenue Estimate
Fortinet Inc

For the last 8 years the compound annual growth rate for Fortinet Inc's revenue is 23%. The projected CAGR for the next 3 years is 13%.

23%
Past Growth
13%
Estimated Growth
Estimates Accuracy
-1%
Average Miss
What are analyst estimates?

Operating Income
Forecast

Operating Income Estimate
Fortinet Inc

For the last 8 years the compound annual growth rate for Fortinet Inc's operating income is 65%. The projected CAGR for the next 3 years is 20%.

65%
Past Growth
20%
Estimated Growth
Estimates Accuracy
-34%
Average Miss
What are analyst estimates?

Net Income
Forecast

Net Income Estimate
Fortinet Inc

For the last 8 years the compound annual growth rate for Fortinet Inc's net income is 86%. The projected CAGR for the next 3 years is 19%.

86%
Past Growth
19%
Estimated Growth
Estimates Accuracy
-5%
Average Miss
What are analyst estimates?

See Also

Summary
FTNT intrinsic value, competitors valuation, and company profile.
DCF Valuation
FTNT stock valuation using Discount Cash Flow valuation method.
Relative Valuation
FTNT stock valuation using valuation multiples.
Wall Street Estimates
FTNT price targets and financial estimates made by Wall st analysts.
Profitability Analysis
Detailed analysis of the company's profitability.
Solvency Analysis
Analysis of the financial position and solvency of the company.
Financials
Income Statement, Balance Sheet, Cash Flow Statement.
Discount Rate
FTNT stock discount rate: cost of equity and WACC.
Summary
DCF Valuation
Relative Valuation
Wall Street Estimates
Profitability Analysis
Solvency Analysis
Financials
Discount Rate
Discover More
Why do you have more estimates than other sites?

Our estimates are sourced from the pool of sell-side and buy-side analysts that we have access to. What is available on other sites you are seeing are mostly from the sell-side analysts.

What is FTNT's stock price target?
Price Target
77.11 USD

According to Wall Street analysts, the average 1-year price target for FTNT is 77.11 USD with a low forecast of 50.5 USD and a high forecast of 96.08 USD.

What is Fortinet Inc's Revenue forecast?
Projected CAGR
13%

For the last 8 years the compound annual growth rate for Fortinet Inc's revenue is 23%. The projected CAGR for the next 3 years is 13%.

What is Fortinet Inc's Operating Income forecast?
Projected CAGR
20%

For the last 8 years the compound annual growth rate for Fortinet Inc's operating income is 65%. The projected CAGR for the next 3 years is 20%.

What is Fortinet Inc's Net Income forecast?
Projected CAGR
19%

For the last 8 years the compound annual growth rate for Fortinet Inc's net income is 86%. The projected CAGR for the next 3 years is 19%.

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