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NASDAQ: FTNT
Fortinet Inc Stock Forecast, Predictions & Price Target

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Analyst price target for FTNT

Based on 16 analysts offering 12 month price targets for Fortinet Inc.
Min Forecast
$65.00+20.95%
Avg Forecast
$212.13+294.72%
Max Forecast
$400.00+644.32%

Should I buy or sell FTNT stock?

Based on 16 analysts offering ratings for Fortinet Inc.
Strong Buy
Strong Buy
8 analysts 50%
Buy
4 analysts 25%
Hold
4 analysts 25%
Sell
0 analysts 0%
Strong Sell
0 analysts 0%

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FTNT stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDateAnalyst Color
MKM Partners
Bottom 47%
47
Strong BuyInitiates Coverage On$70.00+30.26%2022-09-16
Cantor Fitzgerald
Top 10%
91
Strong BuyInitiates Coverage On$70.00+30.26%2022-09-08
Atlantic Equities
Bottom 25%
25
Strong BuyInitiates Coverage On$76.00+41.42%2022-09-02
BMO Capital
Bottom 16%
16
BuyMaintains$68.00+26.54%2022-08-04
UBS
Top 39%
62
HoldMaintains$65.00+20.95%2022-08-04
Barclays
Bottom 6%
6
Strong BuyMaintains$77.00+43.28%2022-08-04
Citigroup
Top 21%
80
Strong BuyMaintains$78.00+45.14%2022-07-22
Wells Fargo
Top 12%
89
Strong BuyMaintains$70.00+30.26%2022-07-18
Anonymous
Morgan Stanley
HoldMaintains$66.00+22.81%2022-06-27
KeyBanc
Bottom 15%
15
Strong BuyMaintains$353.00+556.87%2022-05-11

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Forecast return on equity

Is FTNT forecast to generate an efficient return?
Company
-236.82%
Industry
50.69%
Market
111%
FTNT's Return on Equity is... subscribe to Premium to read more.
Forecast High Return on Equity Forecast

Forecast return on assets

Is FTNT forecast to generate an efficient return on assets?
Company
17.57%
Industry
17.88%
FTNT is forecast to generate... subscribe to Premium to read more.
Forecast Return on Assets vs Industry Forecast

FTNT earnings per share forecast

What is FTNT's earnings per share in the next 3 years based on estimates from 11 analysts?
Avg 1 year Forecast
$0.78-6.7%
Avg 2 year Forecast
$0.96+14.83%
Avg 3 year Forecast
$1.18+41.15%
FTNT's earnings are forecast to... subscribe to Premium to read more.
Forecast High Earnings Growth Forecast

FTNT revenue forecast

What is FTNT's revenue in the next 3 years based on estimates from 11 analysts?
Avg 1 year Forecast
$4.4B+14.79%
Avg 2 year Forecast
$5.3B+38.6%
Avg 3 year Forecast
$6.5B+71.01%
FTNT's revenue is forecast to... subscribe to Premium to read more.
Forecast High Revenue Growth Forecast

FTNT earnings growth forecast

How is FTNT forecast to perform vs Software - Infrastructure companies and vs the US market?
Company
7.67%
Industry
11.85%
Market
19.48%
FTNT's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Industry Forecast
FTNT's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Market Forecast
FTNT's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Savings Rate Forecast

FTNT revenue growth forecast

How is FTNT forecast to perform vs Software - Infrastructure companies and vs the US market?
Company
18.67%
Industry
12.73%
Market
8.45%
FTNT's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Industry Forecast
FTNT's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Market Forecast

FTNT vs Software Infrastructure Stocks

TickerPricePrice TargetUp/downsideConsensus
FTNT$53.74$212.13+294.72%Strong Buy
CRWD$178.39$236.83+32.76%Strong Buy
VMW$112.05$139.22+24.25%Buy
SQ$61.93$136.82+120.93%Strong Buy
SNPS$321.93$417.40+29.66%Strong Buy

Fortinet Stock Forecast FAQ

Is Fortinet Stock a good buy in 2022, according to Wall Street analysts?

The consensus among 16 Wall Street analysts covering (NASDAQ: FTNT) stock is to Strong Buy FTNT stock.

Out of 16 analysts, 8 (50%) are recommending FTNT as a Strong Buy, 4 (25%) are recommending FTNT as a Buy, 4 (25%) are recommending FTNT as a Hold, 0 (0%) are recommending FTNT as a Sell, and 0 (0%) are recommending FTNT as a Strong Sell.

If you're new to stock investing, here's how to buy Fortinet stock.

What is FTNT's earnings growth forecast for 2022-2024?

(NASDAQ: FTNT) Fortinet's forecast annual earnings growth rate of 7.67% is not forecast to beat the US Software - Infrastructure industry's average forecast earnings growth rate of 11.85%, and while it is not forecast to beat the US market's average forecast earnings growth rate of 19.48%.

Fortinet's earnings in 2022 is $674,000,000.On average, 11 Wall Street analysts forecast FTNT's earnings for 2022 to be $615,046,197, with the lowest FTNT earnings forecast at $591,390,575, and the highest FTNT earnings forecast at $638,701,820. On average, 11 Wall Street analysts forecast FTNT's earnings for 2023 to be $756,979,935, with the lowest FTNT earnings forecast at $701,783,482, and the highest FTNT earnings forecast at $867,372,843.

In 2024, FTNT is forecast to generate $930,454,504 in earnings, with the lowest earnings forecast at $591,390,575 and the highest earnings forecast at $1,103,929,072.

What is FTNT's revenue growth forecast for 2022-2024?

(NASDAQ: FTNT) Fortinet's forecast annual revenue growth rate of 18.67% is forecast to beat the US Software - Infrastructure industry's average forecast revenue growth rate of 12.73%, and and it is also forecast to beat the US market's average forecast revenue growth rate of 8.45%.

Fortinet's revenue in 2022 is $3,815,700,000.On average, 11 Wall Street analysts forecast FTNT's revenue for 2022 to be $3,453,817,154,613, with the lowest FTNT revenue forecast at $3,448,201,309,718, and the highest FTNT revenue forecast at $3,466,100,731,106. On average, 11 Wall Street analysts forecast FTNT's revenue for 2023 to be $4,170,115,726,614, with the lowest FTNT revenue forecast at $4,007,893,349,425, and the highest FTNT revenue forecast at $4,306,963,505,553.

In 2024, FTNT is forecast to generate $5,145,259,644,907 in revenue, with the lowest revenue forecast at $5,011,230,827,706 and the highest revenue forecast at $5,274,817,549,365.

What is FTNT's forecast return on assets (ROA) for 2022-2024?

(NASDAQ: FTNT) forecast ROA is 17.57%, which is lower than the forecast US Software - Infrastructure industry average of 17.88%.

What is FTNT's Price Target?

According to 16 Wall Street analysts that have issued a 1 year FTNT price target, the average FTNT price target is $212.13, with the highest FTNT stock price forecast at $400.00 and the lowest FTNT stock price forecast at $65.00.

On average, Wall Street analysts predict that Fortinet's share price could reach $212.13 by Sep 16, 2023. The average Fortinet stock price prediction forecasts a potential upside of 294.72% from the current FTNT share price of $53.74.

What is FTNT's Earnings Per Share (EPS) forecast for 2022-2024?

(NASDAQ: FTNT) Fortinet's current Earnings Per Share (EPS) is $0.84. On average, analysts forecast that FTNT's EPS will be $0.78 for 2022, with the lowest EPS forecast at $0.75, and the highest EPS forecast at $0.81. On average, analysts forecast that FTNT's EPS will be $0.96 for 2023, with the lowest EPS forecast at $0.89, and the highest EPS forecast at $1.10. In 2024, FTNT's EPS is forecast to hit $1.18 (min: $0.75, max: $1.40).

What is FTNT's forecast return on equity (ROE) for 2022-2024?

(NASDAQ: FTNT) forecast ROE is -236.82%, which is considered weak.
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