FTNTTechnology · Software - InfrastructureThe 43 Wall Street analysts covering Fortinet, Inc. hold a median 12-month price target of $142 — +9.7% from the last close. Ticker Nerd's systematic factor model, run across ~4,600 US stocks, ranks it 92 of 100 as at 3 Nov 2026 — among the strongest tenth. Here, the model and the Street point the same way.
Consensus tells you what everyone already believes. The model scores Fortinet, Inc. on its factor families — the same systematic rank behind the Ticker Nerd portfolio.
Percentile across ~4,600 US stocks on Ticker Nerd’s systematic factor model. Higher is better. How the model is built and tested
Revisions (98): Analysts have, on balance, been raising their forecasts.
Value (44): The shares cost a lot relative to the profits and assets behind them.
Size (3): Larger than most of the companies we track — more scrutinised, less often mispriced.
Built and run by Aslam Ghouse, an ex-Goldman Sachs systematic trader with 15+ years in markets.
The bullish and bearish analyst opinions on FTNT, reported as data — targets and ratings, the market's view beside the model's.
Price targets and ratings are third-party analyst estimates, reported here as data. They are not Ticker Nerd forecasts, and they are frequently wrong.
Data provided by Twelve Data
The green dot is the last close — the median target sits +9.7% from it.
Of the 20 most recent actions, 2 moved their price target up and 15 moved it down.
| Date | Firm | Action | Rating | Target |
|---|---|---|---|---|
| 2 Nov 2026 | Amerx | Maintains | Overweight | $240 → $173 |
| 30 Oct 2026 | Susquehanna | Maintains | Neutral | $160 → $145 |
| 30 Oct 2026 | Wells Fargo | Maintains | Underweight | $160 → $115 |
| 29 Oct 2026 | Barclays | Maintains | Equal-Weight | $210 → $155 |
| 29 Oct 2026 | BTIG | Maintains | Buy | $203 → $186 |
| 29 Oct 2026 | Cantor Fitzgerald | Maintains | Neutral | $185 → $145 |
| 29 Oct 2026 | Citigroup | Maintains | Neutral | $185 → $140 |
| 29 Oct 2026 | Needham | Reiterates | Hold | — |
| 29 Oct 2026 | Piper Sandler | Maintains | Neutral | $175 → $140 |
| 29 Oct 2026 | RBC Capital | Maintains | Sector Perform | $205 → $165 |
| 29 Oct 2026 | Rosenblatt | Maintains | Buy | $195 → $175 |
| 29 Oct 2026 | Scotiabank | Maintains | Sector Perform | $163 → $140 |
| 29 Oct 2026 | Stifel | Maintains | Hold | $175 → $140 |
| 29 Oct 2026 | TD Cowen | Maintains | Buy | $225 → $190 |
| 29 Oct 2026 | Truist Securities | Maintains | Buy | $200 → $175 |
| 29 Oct 2026 | Wedbush | Maintains | Neutral | $155 → $140 |
| 23 Oct 2026 | JP Morgan | Maintains | Underweight | — |
| 23 Oct 2026 | JP Morgan | Maintains | Underweight | $118 → $140 |
| 20 Oct 2026 | Truist Securities | Maintains | Buy | — |
| 20 Oct 2026 | Truist Securities | Maintains | Buy | $183 → $200 |
Price targets and ratings are third-party analyst estimates, reported here as data. They are not Ticker Nerd forecasts, and they are frequently wrong.
FTNT appears in the Radar on the weeks it earns a place.
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Both lines are total return — dividends reinvested — so the comparison is honest on both sides.
Over the twelve months to 4 Nov 2026, Fortinet, Inc. returned +51.8% against +12.9% for the S&P 500, dividends included.
Download this chart as an image — free to reuse; link this page as the source.
Data provided by Twelve Data
Not the forecast itself — the direction analysts are revising it. Revision direction is one of the model's factor families.
A margin means little on its own. Each bar marks where the figure sits across the whole US universe we score.
Cheaper than 17% of US stocks
Cheaper than 11% of US stocks
Cheaper than 2% of US stocks
Cheaper than 7% of US stocks
Higher than 69% of US stocks
Higher than 68% of US stocks
Higher than 91% of US stocks
Higher than 89% of US stocks
Higher than 88% of US stocks
Higher than 98% of US stocks
Higher than 97% of US stocks
Higher than 1% of US dividend payers
Bars mark the percentile across the ~4,600 US stocks Ticker Nerd covers, among those reporting the figure.
The headline figures, each with its date. Every row carries its own link — cite it straight from here.
Fortinet, Inc. has a market value of $95.1B and an enterprise value of $89.9B.
Revenue in the twelve months to 30 June 2026: $7.5B. The latest quarter grew 20.5% year on year.
Net income over the same four quarters: $2.1B, a 28.2% net margin.
Diluted earnings per share, trailing twelve months: $2.84.
Free cash flow in the twelve months to 30 June 2026: $3.1B.
Fortinet, Inc. spent $2.9B on share buybacks in the twelve months to 30 June 2026.
Trailing P/E: 41.6×; forward P/E: 33.2× — the forward figure prices analyst consensus estimates, not reported earnings.
Forward dividend yield: 0.00%, paying out 0% of earnings.
Fortinet, Inc. employs 15,540 people — $484K of revenue per employee.
Data provided by Twelve Data
The nearest names by industry and size, scored by the same model — like for like.
Look up any of the roughly 4,600 stocks we score.
The rank is the raw material. Whether the rules would actually own Fortinet, Inc. — and when they’d sell — is the membership. See the Ticker Nerd 20 →
Fortinet raised its 2026 outlook, citing demand for AI security and enterprise products. It also noted challenges from delayed service revenue and rising component costs.
Why it matters — FTNT watchers may weigh the stronger outlook and AI-related demand against delays in service revenue and higher component costs.
The Motley Fool headline asks why Fortinet stock is falling and whether it presents a buying opportunity. The excerpt says the proliferation of agentic AI has benefited the cybersecurity industry.
Why it matters — FTNT watchers may note the article’s contrast between the stock’s reported decline and an industry trend described as beneficial to cybersecurity.
Zacks Investment Research’s headline describes Fortinet as a strong growth stock and points readers to Zacks Style Scores as a way to identify stocks.
Why it matters — The item frames Fortinet positively, while its excerpt focuses on Zacks Style Scores rather than providing details about Fortinet.
Zacks Investment Research reviews Fortinet’s international revenue performance and its relevance to Wall Street analysts’ expectations and the company’s future prospects.
Why it matters — FTNT watchers may find the discussion useful when considering how international revenue factors into analyst views of the company.
Cybersecurity stocks sold off to open the week, with CrowdStrike down 3% despite bullish headlines. The headline also reports Fortinet falling 3% and Palo Alto dropping 2%.
Why it matters — The reported decline in Fortinet alongside other cybersecurity stocks is relevant to FTNT watchers tracking sector performance.
The 43 Wall Street analysts covering Fortinet, Inc. have a median 12-month price target of $142, with estimates ranging from $110 to $190. These are third-party analyst estimates, not Ticker Nerd forecasts, and they are frequently wrong.
Of the 43 analysts covering Fortinet, Inc., 8 rate it a Buy, 30 a Hold and 5 a Sell. Ticker Nerd's systematic factor model ranks Fortinet, Inc. 92 out of 100 across roughly 4,600 US stocks as at 3 Nov 2026. None of this is personal advice — it does not consider your circumstances.
As at 3 Nov 2026, Fortinet, Inc. ranks 92 out of 100 on Ticker Nerd's systematic factor model — a percentile across roughly 4,600 US stocks, built from its factor families. Its strongest factor family is Revisions (98 of 100).
No one can know that. What the data says: the median 12-month target from 43 analysts implies +9.7% from the last close, and Ticker Nerd's factor model ranks Fortinet, Inc. 92 out of 100 as at 3 Nov 2026. Analyst targets are third-party estimates and frequently wrong; none of this is personal advice.
No analyst covering Fortinet, Inc. publishes a 2030 price target — Wall Street targets run 12 to 18 months out. Sites quoting a 2030 price for FTNT are extrapolating price history, which says nothing about the business. The furthest attributed numbers are the current analyst targets: $110 to $190 over the next 12 months.
Fortinet, Inc. returned +51.8% over the 12 months to 4 Nov 2026, with dividends reinvested. Past performance does not indicate future returns.
Fortinet, Inc. is a cybersecurity company that provides integrated security and networking solutions for enterprises, service providers, and government organizations.
The most recent item we track (Zacks Investment Research, 4 Nov 2026): "FTNT Q3 Earnings Call Highlights Services Outlook and AI Demand". Fortinet raised its 2026 outlook, citing demand for AI security and enterprise products. It also noted challenges from delayed service revenue and rising component costs.
Fortinet, Inc. is a cybersecurity company that provides integrated security and networking solutions for enterprises, service providers, and government organizations. Its portfolio centers on the Fortinet Security Fabric, a unified platform that combines secure networking, next-generation firewalls, secure access service edge (SASE), endpoint protection, cloud security, and security operations capabilities. The company also offers threat intelligence, technical support, and training services through its broader security ecosystem. Fortinet’s products are used to protect users, devices, applications, and data across on-premises, cloud, and hybrid environments, making it a key provider in enterprise cybersecurity infrastructure. Based in Sunnyvale, California, Fortinet serves customers across global markets and is recognized for its broad, platform-based approach to digital defense.
CEO Mr. Ken Xie · 15,540 employees · United States · https://www.fortinet.com
