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FTNTFTNTTechnology · Software - Infrastructure

FTNT Stock Forecast: Fortinet, Inc. Price Predictions for 2026-2027

Last close, 4 Sept 2026
$156
−0.04% on the day

The 44 Wall Street analysts covering Fortinet, Inc. hold a median 12-month price target of $165 — +5.6% from the last close. Ticker Nerd's systematic factor model, run across ~4,600 US stocks, ranks it 95 of 100 as at 5 Sept 2026 — among the strongest tenth. Here, the model and the Street point the same way.

Market cap
$114.7B
Ticker Nerd rank
95 / 100
Median analyst target
$165
Analysts covering
44
Revenue$2.0B+25.6% y/y
Operating income$689.3M
Net income$606.3M
Free cash flow$965.6M
Quarterly, 8 quarters to 30 June 2026 · latest quarter's figure shown
Total return, dividends reinvested
1W
−5.8%
1M
−7.1%
YTD
+96.8%
1Y
+104.5%
From 52W high
−9.5%
From 52W low
+107.7%
$75
$173
52-week range, adjusted closes · the dot is the last close
Ticker Nerd rank

FTNT stock analysis: one number for the whole business

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.

Where the model ranks itAs at 5 Sept 2026
95 / 100

Percentile across ~4,600 US stocks on Ticker Nerd’s systematic factor model. Higher is better. How the model is built and tested

Revisions
99
Issuance
98
Quality
98
Momentum
90
Volatility
80
Accruals
77
Growth
49
Value
40
Size
2

Revisions (99): Analysts have, on balance, been raising their forecasts.

Value (40): The shares cost a lot relative to the profits and assets behind them.

Size (2): Larger than most of the companies we track — more scrutinised, less often mispriced.

Built and run by Aslam Ghouse, an ex-Goldman Sachs quant trader with fourteen years in markets.

Wall Street

FTNT stock forecast 2026-2027: analyst price targets & predictions

The bullish and bearish analyst opinions on FTNT, reported as data — targets and ratings, the market's view beside the model's.

Share price and the analyst range, 12 monthsAdjusted close, US dollars
$100$150$200Oct 25Jan 26Apr 26Jul 26FTNTHigh $220Median $165Low $102

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

What Wall Street says44 analysts
10 Buy30 Hold4 Sell
Low $102Median $165High $220

The green dot is the last close — the median target sits +5.6% from it.

Recent analyst actionsNewest first

Of the 20 most recent actions, 16 moved their price target up and 0 moved it down.

DateFirmActionRatingTarget
31 July 2026SusquehannaMaintainsNeutral$115 → $160
30 July 2026BarclaysMaintainsEqual-Weight$170 → $190
30 July 2026BTIGMaintainsBuy$186 → $203
30 July 2026Cantor FitzgeraldMaintainsNeutral$165 → $185
30 July 2026CitigroupMaintainsNeutral$165 → $185
30 July 2026Evercore ISI GroupMaintainsIn-Line$150 → $165
30 July 2026Morgan StanleyMaintainsEqual-Weight$133 → $136
30 July 2026Piper SandlerMaintainsNeutral$110 → $175
30 July 2026RBC CapitalMaintainsSector Perform$160 → $185
30 July 2026RosenblattMaintainsBuy$185 → $195
30 July 2026StifelMaintainsHold$102 → $175
30 July 2026Wells FargoMaintainsUnderweight$120 → $135
28 July 2026Evercore ISI GroupMaintainsIn-Line$100 → $150
23 July 2026Cantor FitzgeraldMaintainsNeutral$110 → $165
23 July 2026Cantor FitzgeraldMaintainsNeutral—
22 July 2026CitigroupMaintainsNeutral—
22 July 2026CitigroupMaintainsNeutral$115 → $165
21 July 2026Morgan StanleyUpgradeEqual-Weight—
21 July 2026Morgan StanleyUpgradeEqual-Weight$80 → $133
21 July 2026Truist SecuritiesMaintainsBuy—

Price targets and ratings are third-party analyst estimates, reported here as data. They are not Ticker Nerd forecasts, and they are frequently wrong.

Market Radar

This page is one stock. Monday covers all of them.

Computed off the Friday close and sent before the US open.

Market Radar reports the week’s largest rank changes across roughly 4,600 US stocks, the factor behind each one, and where the market went. FTNT appears on the weeks it earns a place.

Free, every Monday. Unsubscribe any time.

Performance

FTNT vs the S&P 500

Both lines are total return — dividends reinvested — so the comparison is honest on both sides.

Over the twelve months to 4 Sept 2026, Fortinet, Inc. returned +104.5% against +20.0% for the S&P 500, dividends included.

FTNT vs S&P 500, last 12 monthsTotal return, rebased to 100
100120140160180200220Oct 25Jan 26Apr 26Jul 26FTNTS&P 500

Download this chart as an image — free to reuse; link this page as the source.

Data provided by Twelve Data

Estimates

FTNT analyst estimate revisions

Not the forecast itself — the direction analysts are revising it. Revision direction is one of the model's factor families.

Which way the estimates are movingNext fiscal year
EPS revision, 90 days
+9.3%
Analysts raising
40
Analysts cutting
0
Fundamentals

Fortinet, Inc. (FTNT) financial data

A margin means little on its own. Each bar marks where the figure sits across the whole US universe we score.

Valuation
Trailing P/E
55.2×

Cheaper than 13% of US stocks

Price / sales
15.2×

Cheaper than 11% of US stocks

Price / book
73.9×

Cheaper than 2% of US stocks

EV / EBITDA
42.8×

Cheaper than 6% of US stocks

Growth & margins
Revenue growth (YoY)
25.6%

Higher than 75% of US stocks

Earnings growth (YoY)
37.8%

Higher than 70% of US stocks

Gross margin
80.2%

Higher than 91% of US stocks

Operating margin
33.6%

Higher than 89% of US stocks

Net margin
28.2%

Higher than 88% of US stocks

Returns & dividend
Return on equity
117.4%

Higher than 97% of US stocks

Return on assets
14.2%

Higher than 96% of US stocks

Dividend yield
—

Bars mark the percentile across the ~4,600 US stocks Ticker Nerd covers, among those reporting the figure.

Key statistics

Fortinet, Inc. (FTNT) statistics: revenue, profit & scale

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 $114.7B and an enterprise value of $111.2B.

  • Revenue in the twelve months to 30 June 2026: $7.5B. The latest quarter grew 25.6% 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.

  • Shares outstanding: 732.6M.

  • Trailing P/E: 55.2×; forward P/E: 41.4× — the forward figure prices analyst consensus estimates, not reported earnings.

  • Fortinet, Inc. employs 15,472 people — $487K of revenue per employee.

Statement figures: company filings via Twelve Data, four quarters to 30 June 2026 · market figures as at 8 Sept 2026

Data provided by Twelve Data

Peers

FTNT vs competitors

The nearest names by industry and size, scored by the same model — like for like.

Its peer group, ranked by the same modelSoftware - Infrastructure
CompanyMarket capTKN rank
FTNTFortinet, Inc.$114.7B
95
NETCloudflare, Inc.$97.7B
67
SNPSSynopsys, Inc.$75.4B
52
CRWDCrowdStrike Holdings, Inc.$217.0B
59
XYZBlock, Inc.$50.3B
50
CRWVCoreWeave, Inc.$48.9B
8
PANWPalo Alto Networks, Inc.$271.9B
50

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 →

News

Latest FTNT news & analysis

Founder-Led Companies That Are Redefining Technology and Growth

Zacks Investment Research · 4 Sept 2026positive

Zacks Investment Research highlighted Fortinet among founder-led companies — alongside NVIDIA, Amazon, Palantir, and Dell — that stand out for strong vision, innovation, and long-term growth drivers.

Why it matters — The mention positions Fortinet in a favourable group of companies recognised for founder leadership and growth potential, which may draw attention from investors tracking the stock.

4 GARP Stocks That Investors Can Scoop Up for Maximum Returns

Zacks Investment Research · 3 Sept 2026positive

Zacks Investment Research highlighted Fortinet (FTNT) as one of several growth-at-a-reasonable-price (GARP) stocks that investors could consider. The article noted that FTNT, alongside EAT, LECO, and LRCX, has solid prospects and trades at a discount.

Why it matters — A FTNT watcher would care because the company was singled out in a published stock-screening list as having solid prospects and trading at a discount under the GARP strategy.

Palo Alto Sinks 8% Despite 34% Revenue Growth, CrowdStrike Falls 3%, Fortinet Slips

24/7 Wall Street · 2 Sept 2026neutral

Cybersecurity stocks traded lower Wednesday morning, with Palo Alto Networks falling 8% despite reporting 34% revenue growth, CrowdStrike down 3%, and Fortinet slipping slightly. The selloff appears tied to a repricing of Palo Alto's premium valuation, while sector peers moved less sharply.

Why it matters — Fortinet watchers would care because the move reflects a sector-wide revaluation driven by one peer's earnings, potentially influencing how investors view cybersecurity stocks including Fortinet.

Will Fortinet Stock Gain on Cybersecurity Demand and Education Push?

Zacks Investment Research · 1 Sept 2026positive

The report highlights Fortinet's cybersecurity education push, AI security advances, and strong Q2 results, noting these support the company's raised 2026 outlook and growth trajectory.

Why it matters — The article points to factors that underpin Fortinet's updated 2026 outlook and continued growth, which is relevant to FTNT watchers tracking its performance.

Top AI-Powered Security Stocks Worth Buying Amid Rising Cyber Threats

Zacks Investment Research · 1 Sept 2026positive

A Zacks Investment Research report highlights rising cyber threats and growing AI adoption as factors creating long-term growth opportunities for cybersecurity companies with AI-powered platforms, including Fortinet. The piece frames AI-powered security stocks as among those worth considering in this environment.

Why it matters — A Fortinet watcher would care because the report points to sustained demand for AI-powered cybersecurity offerings, a segment in which Fortinet participates.

FAQ

Frequently asked questions about FTNT stock

What is the FTNT stock price forecast for 2026-2027?

The 44 Wall Street analysts covering Fortinet, Inc. have a median 12-month price target of $165, with estimates ranging from $102 to $220. These are third-party analyst estimates, not Ticker Nerd forecasts, and they are frequently wrong.

Is FTNT stock a buy right now?

Of the 44 analysts covering Fortinet, Inc., 10 rate it a Buy, 30 a Hold and 4 a Sell. Ticker Nerd's systematic factor model ranks Fortinet, Inc. 95 out of 100 across roughly 4,600 US stocks as at 5 Sept 2026. None of this is personal advice — it does not consider your circumstances.

How does Ticker Nerd's model rank FTNT?

As at 5 Sept 2026, Fortinet, Inc. ranks 95 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 (99 of 100).

Will FTNT stock go up?

No one can know that. What the data says: the median 12-month target from 44 analysts implies +5.6% from the last close, and Ticker Nerd's factor model ranks Fortinet, Inc. 95 out of 100 as at 5 Sept 2026. Analyst targets are third-party estimates and frequently wrong; none of this is personal advice.

What is the FTNT stock forecast for 2030?

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: $102 to $220 over the next 12 months.

How has FTNT stock performed over the past year?

Fortinet, Inc. returned +104.5% over the 12 months to 4 Sept 2026, with dividends reinvested. Past performance does not indicate future returns.

What does Fortinet, Inc. do?

Fortinet, Inc. is a cybersecurity company that provides integrated security and networking solutions for enterprises, service providers, and government organizations.

What is the latest news on FTNT?

The most recent item we track (Zacks Investment Research, 4 Sept 2026): "Founder-Led Companies That Are Redefining Technology and Growth". Zacks Investment Research highlighted Fortinet among founder-led companies — alongside NVIDIA, Amazon, Palantir, and Dell — that stand out for strong vision, innovation, and long-term growth drivers.

Company

About Fortinet, Inc.

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 · 15,472 employees · United States · https://www.fortinet.com