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

OverviewForecast
EarningsDividendOwnership

Analyst price target for FTNT

Based on 26 analysts offering 12 month price targets for Fortinet Inc.
Min Forecast
$53.00-13.41%
Avg Forecast
$68.12+11.28%
Max Forecast
$80.00+30.7%

Should I buy or sell FTNT stock?

Based on 26 analysts offering ratings for Fortinet Inc.
Strong Buy
Strong Buy
14 analysts 53.85%
Buy
6 analysts 23.08%
Hold
6 analysts 23.08%
Sell
0 analysts 0%
Strong Sell
0 analysts 0%

Be the first to know when Wall Street analysts revise their FTNT stock forecasts and price targets.

FTNT stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDateAnalyst Color
Goldman Sachs
Bottom 10%
10
Strong BuyInitiates Coverage On$73.00+19.26%2023-02-14
Loop Capital
Top 21%
80
Strong BuyMaintains$80.00+30.70%2023-02-09
Barclays
Bottom 9%
9
Strong BuyMaintains$68.00+11.09%2023-02-09
Morgan Stanley
Bottom 15%
15
Strong BuyMaintains$70.00+14.36%2023-02-08
Citigroup
Bottom 18%
18
Strong BuyMaintains$67.00+9.46%2023-02-08
Stifel Nicolaus
Bottom 7%
7
Strong BuyMaintains$72.00+17.63%2023-02-08
Jefferies
Top 25%
76
Strong BuyMaintains$70.00+14.36%2023-02-08
UBS
Bottom 20%
20
HoldMaintains$67.00+9.46%2023-02-08
Wedbush
Bottom 3%
3
BuyMaintains$70.00+14.36%2023-02-08
Wells Fargo
Bottom 21%
21
Strong BuyMaintains$72.00+17.63%2023-02-08

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Forecast return on equity

Is FTNT forecast to generate an efficient return?
Company
-328.55%
Industry
-10.08%
Market
51.58%
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
14.86%
Industry
16.63%
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 2 years based on estimates from 11 analysts?
Avg 1 year Forecast
$0.96-11.11%
Avg 2 year Forecast
$1.18+9.26%
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 2 years based on estimates from 11 analysts?
Avg 1 year Forecast
$5.3B+19.72%
Avg 2 year Forecast
$6.5B+47.72%
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
-11.11%
Industry
39.11%
Market
78.57%
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
19.72%
Industry
5.96%
Market
25.81%
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$61.21$68.12+11.28%Strong Buy
VMW$118.27$135.17+14.29%Hold
SQ$72.65$101.68+39.96%Strong Buy
SNPS$371.35$434.00+16.87%Strong Buy
PANW$190.89$309.17+61.96%Strong Buy
View Top Software Infrastructure Stocks

Fortinet Stock Forecast FAQ

Is Fortinet Stock a good buy in 2023, according to Wall Street analysts?

The consensus among 26 Wall Street analysts covering (NASDAQ: FTNT) stock is to Strong Buy FTNT stock.

Out of 26 analysts, 14 (53.85%) are recommending FTNT as a Strong Buy, 6 (23.08%) are recommending FTNT as a Buy, 6 (23.08%) 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 2023-2024?

(NASDAQ: FTNT) Fortinet's forecast annual earnings growth rate of -11.11% is not forecast to beat the US Software - Infrastructure industry's average forecast earnings growth rate of 39.11%, and while it is not forecast to beat the US market's average forecast earnings growth rate of 78.57%.

Fortinet's earnings in 2023 is $857,300,000.On average, 11 Wall Street analysts forecast FTNT's earnings for 2023 to be $752,703,637, with the lowest FTNT earnings forecast at $697,818,997, and the highest FTNT earnings forecast at $862,472,918.

In 2024, FTNT is forecast to generate $925,198,221 in earnings, with the lowest earnings forecast at $588,049,717 and the highest earnings forecast at $1,097,692,805.

What is FTNT's revenue growth forecast for 2023-2024?

(NASDAQ: FTNT) Fortinet's forecast annual revenue growth rate of 19.72% is forecast to beat the US Software - Infrastructure industry's average forecast revenue growth rate of 5.96%, and while it is not forecast to beat the US market's average forecast revenue growth rate of 25.81%.

Fortinet's revenue in 2023 is $4,417,400,000.On average, 11 Wall Street analysts forecast FTNT's revenue for 2023 to be $4,146,558,091,365, with the lowest FTNT revenue forecast at $3,985,252,133,729, and the highest FTNT revenue forecast at $4,282,632,795,821.

In 2024, FTNT is forecast to generate $5,116,193,269,314 in revenue, with the lowest revenue forecast at $4,982,921,601,841 and the highest revenue forecast at $5,245,019,280,928.

What is FTNT's forecast return on assets (ROA) for 2023-2024?

(NASDAQ: FTNT) forecast ROA is 14.86%, which is lower than the forecast US Software - Infrastructure industry average of 16.63%.

What is FTNT's Price Target?

According to 26 Wall Street analysts that have issued a 1 year FTNT price target, the average FTNT price target is $68.12, with the highest FTNT stock price forecast at $80.00 and the lowest FTNT stock price forecast at $53.00.

On average, Wall Street analysts predict that Fortinet's share price could reach $68.12 by Feb 14, 2024. The average Fortinet stock price prediction forecasts a potential upside of 11.28% from the current FTNT share price of $61.21.

What is FTNT's Earnings Per Share (EPS) forecast for 2023-2024?

(NASDAQ: FTNT) Fortinet's current Earnings Per Share (EPS) is $1.08. 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 2023-2024?

(NASDAQ: FTNT) forecast ROE is -328.55%, which is considered weak.
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