FTNTTechnology · Software - InfrastructureThe 44 Wall Street analysts covering Fortinet, Inc. hold a median 12-month price target of $165 — -15.3% from the last close. Ticker Nerd's systematic factor model, run across ~4,600 US stocks, ranks it 96 of 100 as at 10 Oct 2026 — among the strongest tenth. The factors read stronger than the Street's target implies. That gap is the story on this page.
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
Momentum (100): The shares have been drifting up relative to others.
Value (36): 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.
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 −15.3% from it.
Of the 20 most recent actions, 9 moved their price target up and 0 moved it down.
| Date | Firm | Action | Rating | Target |
|---|---|---|---|---|
| 8 Oct 2026 | Amerx | Initiates | Overweight | $240 |
| 17 Sept 2026 | Bernstein | Maintains | Market Perform | — |
| 17 Sept 2026 | Bernstein | Maintains | Market Perform | $102 → $145 |
| 11 Sept 2026 | Wedbush | Assumes | Neutral | $155 |
| 31 July 2026 | Susquehanna | Maintains | Neutral | — |
| 31 July 2026 | Susquehanna | Maintains | Neutral | $115 → $160 |
| 30 July 2026 | Barclays | Maintains | Equal-Weight | $170 → $190 |
| 30 July 2026 | Barclays | Maintains | Equal-Weight | — |
| 30 July 2026 | BTIG | Maintains | Buy | $186 → $203 |
| 30 July 2026 | BTIG | Maintains | Buy | — |
| 30 July 2026 | Cantor Fitzgerald | Maintains | Neutral | — |
| 30 July 2026 | Cantor Fitzgerald | Maintains | Neutral | $165 → $185 |
| 30 July 2026 | Citigroup | Maintains | Neutral | — |
| 30 July 2026 | Citigroup | Maintains | Neutral | $165 → $185 |
| 30 July 2026 | Evercore ISI Group | Maintains | In-Line | — |
| 30 July 2026 | Evercore ISI Group | Maintains | In-Line | $150 → $165 |
| 30 July 2026 | Morgan Stanley | Maintains | Equal-Weight | — |
| 30 July 2026 | Morgan Stanley | Maintains | Equal-Weight | $133 → $136 |
| 30 July 2026 | Piper Sandler | Maintains | Neutral | $110 → $175 |
| 30 July 2026 | Piper Sandler | Maintains | Neutral | — |
Price targets and ratings are third-party analyst estimates, reported here as data. They are not Ticker Nerd forecasts, and they are frequently wrong.
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.
Both lines are total return — dividends reinvested — so the comparison is honest on both sides.
Over the twelve months to 9 Oct 2026, Fortinet, Inc. returned +126.0% against +17.3% 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 11% of US stocks
Cheaper than 9% of US stocks
Cheaper than 1% of US stocks
Cheaper than 5% of US stocks
Higher than 75% of US stocks
Higher than 70% of US stocks
Higher than 91% of US stocks
Higher than 89% of US stocks
Higher than 88% of US stocks
Higher than 97% of US stocks
Higher than 96% 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 $142.9B and an enterprise value of $139.4B.
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.
Trailing P/E: 66.9×; forward P/E: 51.6× — the forward figure prices analyst consensus estimates, not reported earnings.
Forward dividend yield: 0.00%, paying out 0% of earnings.
Fortinet, Inc. employs 15,472 people — $487K 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 (FTNT) closed the latest trading session at $194.75, up 2.99% from the previous day.
Why it matters — The session’s closing price and daily change provide FTNT watchers a snapshot of the stock’s recent trading performance.
Zacks Investment Research compares Fortinet and Ambiq Micro’s performance with their sector so far this year. The excerpt provides no performance results.
Why it matters — The comparison is relevant to FTNT watchers assessing its year-to-date performance relative to the sector, though no outcome is stated here.
Zacks Investment Research asks whether Fortinet has the characteristics of a top stock pick for momentum investors. The excerpt does not provide the answer or supporting details.
Why it matters — FTNT watchers may note the article's momentum-investing focus, though the excerpt provides no specific assessment.
Zacks Investment Research highlights its Style Scores as a way to identify strong, market-beating stocks and frames Fortinet as a strong momentum stock.
Why it matters — The item presents a positive momentum-oriented characterization of FTNT, without providing supporting details in the excerpt.
The Motley Fool says Fortinet’s physical cybersecurity components and software are important resources for AI data centers. It adds that wider use of agentic AI, and the emergence of physical AI, could increase cybersecurity needs.
Why it matters — FTNT watchers may note the article’s view that AI adoption could expand demand for cybersecurity resources.
The 44 Wall Street analysts covering Fortinet, Inc. have a median 12-month price target of $165, with estimates ranging from $104 to $220. These are third-party analyst estimates, not Ticker Nerd forecasts, and they are frequently wrong.
Of the 44 analysts covering Fortinet, Inc., 9 rate it a Buy, 30 a Hold and 5 a Sell. Ticker Nerd's systematic factor model ranks Fortinet, Inc. 96 out of 100 across roughly 4,600 US stocks as at 10 Oct 2026. None of this is personal advice — it does not consider your circumstances.
As at 10 Oct 2026, Fortinet, Inc. ranks 96 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 Momentum (100 of 100).
No one can know that. What the data says: the median 12-month target from 44 analysts implies -15.3% from the last close, and Ticker Nerd's factor model ranks Fortinet, Inc. 96 out of 100 as at 10 Oct 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: $104 to $220 over the next 12 months.
Fortinet, Inc. returned +126.0% over the 12 months to 9 Oct 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, 9 Oct 2026): "Fortinet (FTNT) Outperforms Broader Market: What You Need to Know". Fortinet (FTNT) closed the latest trading session at $194.75, up 2.99% from the previous day.
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
