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

Analyst price target for FTNT

Based on 23 analysts offering 12 month price targets for Fortinet Inc.
Min Forecast
$50.00-21.91%
Avg Forecast
$71.70+11.97%
Max Forecast
$90.00+40.56%

Should I buy or sell FTNT stock?

Based on 23 analysts offering ratings for Fortinet Inc.
Hold
Strong Buy
4 analysts 17.39%
Buy
2 analysts 8.7%
Hold
15 analysts 65.22%
Sell
1 analysts 4.35%
Strong Sell
1 analysts 4.35%

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FTNT stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDateAnalyst Color
lockedlocked$00.00+00.00%2024-04-18
lockedlocked$00.00+00.00%2024-04-17
lockedlocked$00.00+00.00%2024-04-03
lockedlocked$00.00+00.00%2024-04-03
lockedlocked$00.00+00.00%2024-04-03
Goldman Sachs
Top 17%
84
Strong BuyMaintains$85.00+32.75%2024-02-08Find out why
DZ Bank
Bottom 48%
48
Strong SellDowngrades$60.00-6.29%2024-02-08
Truist Securities
Top 9%
92
Strong BuyMaintains$80.00+24.94%2024-02-07Find out why
Morgan Stanley
Top 18%
83
Strong BuyMaintains$81.00+26.50%2024-02-07Find out why
ScotiaBank
Bottom 7%
7
BuyMaintains$90.00+40.56%2024-02-07Find out why

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Forecast return on equity

Is FTNT forecast to generate an efficient return?
Company
N/A
Industry
42.43%
Market
35.16%

Forecast return on assets

Is FTNT forecast to generate an efficient return on assets?
Company
N/A
Industry
22.18%

FTNT revenue forecast

What is FTNT's revenue in the next 3 years based on estimates from 15 analysts?
Avg 1 year Forecast
$5.8B+8.77%
Avg 2 year Forecast
$6.5B+23.04%
Avg 3 year Forecast
$7.6B+42.55%
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
-25.82%
Industry
8.93%
Market
21.46%
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
12.03%
Industry
10.62%
Market
9.92%
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$64.03$71.70+11.97%Hold
PLTR$21.71$22.00+1.34%Hold
SQ$72.79$89.96+23.59%Strong Buy
NET$86.76$104.43+20.37%Buy
MDB$366.13$439.04+19.91%Buy

Fortinet Stock Forecast FAQ

Is Fortinet Stock a good buy in 2024, according to Wall Street analysts?

The consensus among 23 Wall Street analysts covering (NASDAQ: FTNT) stock is to Hold FTNT stock.

Out of 23 analysts, 4 (17.39%) are recommending FTNT as a Strong Buy, 2 (8.7%) are recommending FTNT as a Buy, 15 (65.22%) are recommending FTNT as a Hold, 1 (4.35%) are recommending FTNT as a Sell, and 1 (4.35%) 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 revenue growth forecast for 2024-2026?

(NASDAQ: FTNT) Fortinet's forecast annual revenue growth rate of 12.03% is forecast to beat the US Software - Infrastructure industry's average forecast revenue growth rate of 10.62%, and it is also forecast to beat the US market's average forecast revenue growth rate of 9.92%.

Fortinet's revenue in 2024 is $5,304,800,000.On average, 15 Wall Street analysts forecast FTNT's revenue for 2024 to be $4,402,632,868,701, with the lowest FTNT revenue forecast at $4,367,451,800,781, and the highest FTNT revenue forecast at $4,432,980,898,596. On average, 15 Wall Street analysts forecast FTNT's revenue for 2025 to be $4,980,326,651,555, with the lowest FTNT revenue forecast at $4,792,292,172,009, and the highest FTNT revenue forecast at $5,183,574,442,143.

In 2026, FTNT is forecast to generate $5,770,232,312,575 in revenue, with the lowest revenue forecast at $5,699,215,496,183 and the highest revenue forecast at $5,864,716,908,804.

What is FTNT's forecast return on assets (ROA) for 2024-2027?

(NASDAQ: FTNT) forecast ROA is N/A, which is lower than the forecast US Software - Infrastructure industry average of 22.18%.

What is FTNT's Price Target?

According to 23 Wall Street analysts that have issued a 1 year FTNT price target, the average FTNT price target is $71.70, with the highest FTNT stock price forecast at $90.00 and the lowest FTNT stock price forecast at $50.00.

On average, Wall Street analysts predict that Fortinet's share price could reach $71.70 by Apr 18, 2025. The average Fortinet stock price prediction forecasts a potential upside of 11.97% from the current FTNT share price of $64.03.

What is FTNT's forecast return on equity (ROE) for 2024-2027?

(NASDAQ: FTNT) forecast ROE is N/A, which is considered weak.
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