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NASDAQ: FTNT
FORTINET INC Stock Forecast, Predictions & Price Target

Analyst price target for FTNT

Based on 15 analysts offering 12 month price targets for FORTINET INC.
Min Forecast
$265.00-7.29%
Avg Forecast
$349.07+22.12%
Max Forecast
$400.00+39.94%

Should I buy or sell FTNT stock?

Based on 16 analysts offering ratings for FORTINET INC.
Buy
Strong Buy
6 analysts 37.5%
Buy
4 analysts 25%
Hold
6 analysts 37.5%
Sell
0 analysts 0%
Strong Sell
0 analysts 0%

FTNT stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDateAnalyst Color
BMO Capital
Top 22%
79
HoldMaintains$325.00+13.70%2022-05-12
KeyBanc
Bottom 11%
11
Strong BuyMaintains$353.00+23.50%2022-05-11
Deutsche Bank
Bottom 3%
3
HoldMaintains$320.00+11.95%2022-05-05
Morgan Stanley
Bottom 14%
14
HoldMaintains$330.00+15.45%2022-05-05
Wells Fargo
Top 20%
81
Strong BuyMaintains$400.00+39.94%2022-05-05
Mizuho
Bottom 4%
4
Strong BuyUpgrades$350.00+22.45%2022-05-05
Wedbush
Bottom 15%
15
BuyMaintains$370.00+29.44%2022-04-14
Barclays
Bottom 5%
5
Strong BuyUpgrades$395.00+38.19%2022-03-29
Raymond James
Bottom 5%
5
BuyMaintains$350.00+22.45%2022-02-04
Anonymous
Barclays
HoldMaintains$355.00+24.20%2021-11-05

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Forecast return on equity

Is FTNT forecast to generate an efficient return?
Company
472.66%
Industry
26.03%
Market
39.33%
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
18.21%
Industry
19.97%
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
$3.79-3.32%
Avg 2 year Forecast
$4.62+17.86%
Avg 3 year Forecast
$6.41+63.52%
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+21.93%
Avg 2 year Forecast
$5.3B+47.35%
Avg 3 year Forecast
$6.7B+85.99%
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
9.96%
Industry
7.49%
Market
16.59%
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
22.64%
Industry
10.39%
Market
8.25%
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$285.84$349.07+22.12%Buy
SNPS$296.37$368.63+24.38%Strong Buy
PANW$477.14$595.55+24.82%Strong Buy
SQ$75.88$189.41+149.61%Strong Buy
VMW$115.94$146.85+26.66%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 Buy FTNT stock.

Out of 16 analysts, 6 (37.5%) are recommending FTNT as a Strong Buy, 4 (25%) are recommending FTNT as a Buy, 6 (37.5%) are recommending FTNT as a Hold, 0 (0%) are recommending FTNT as a Sell, and 0 (0%) are recommending FTNT as a Strong Sell.

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

(NASDAQ: FTNT) FORTINET's forecast annual earnings growth rate of 9.96% is forecast to beat the US Software - Infrastructure industry's average forecast earnings growth rate of 7.49%, and while it is not forecast to beat the US market's average forecast earnings growth rate of 16.59%.

FORTINET's earnings in 2022 is $638,000,000.On average, 11 Wall Street analysts forecast FTNT's earnings for 2022 to be $608,397,811, with the lowest FTNT earnings forecast at $600,371,455, and the highest FTNT earnings forecast at $637,292,694. On average, 11 Wall Street analysts forecast FTNT's earnings for 2023 to be $741,635,327, with the lowest FTNT earnings forecast at $701,503,545, and the highest FTNT earnings forecast at $836,346,332.

In 2024, FTNT is forecast to generate $1,028,978,884 in earnings, with the lowest earnings forecast at $1,028,978,884 and the highest earnings forecast at $1,028,978,884.

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

(NASDAQ: FTNT) FORTINET's forecast annual revenue growth rate of 22.64% is forecast to beat the US Software - Infrastructure industry's average forecast revenue growth rate of 10.39%, and and it is also forecast to beat the US market's average forecast revenue growth rate of 8.25%.

FORTINET's revenue in 2022 is $3,586,700,000.On average, 11 Wall Street analysts forecast FTNT's revenue for 2022 to be $702,005,513,316, with the lowest FTNT revenue forecast at $690,300,356,797, and the highest FTNT revenue forecast at $706,319,358,800. On average, 11 Wall Street analysts forecast FTNT's revenue for 2023 to be $848,411,550,535, with the lowest FTNT revenue forecast at $815,574,121,436, and the highest FTNT revenue forecast at $887,716,617,581.

In 2024, FTNT is forecast to generate $1,070,846,927,226 in revenue, with the lowest revenue forecast at $1,060,106,699,267 and the highest revenue forecast at $1,079,785,719,766.

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

(NASDAQ: FTNT) forecast ROA is 18.21%, which is lower than the forecast US Software - Infrastructure industry average of 19.97%.

What is FTNT's Price Target?

According to 15 Wall Street analysts that have issued a 1 year FTNT price target, the average FTNT price target is $349.07, with the highest FTNT stock price forecast at $400.00 and the lowest FTNT stock price forecast at $265.00.

On average, Wall Street analysts predict that FORTINET's share price could reach $349.07 by May 12, 2023. The average FORTINET stock price prediction forecasts a potential upside of 22.12% from the current FTNT share price of $285.84.

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

(NASDAQ: FTNT) FORTINET's current Earnings Per Share (EPS) is $3.92. On average, analysts forecast that FTNT's EPS will be $3.79 for 2022, with the lowest EPS forecast at $3.74, and the highest EPS forecast at $3.97. On average, analysts forecast that FTNT's EPS will be $4.62 for 2023, with the lowest EPS forecast at $4.37, and the highest EPS forecast at $5.21. In 2024, FTNT's EPS is forecast to hit $6.41 (min: $6.41, max: $6.41).

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

(NASDAQ: FTNT) forecast ROE is 472.66%, which is considered strong.
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