Fortinet, Inc. (FTNT) Analyst Ratings & Price Targets

Fortinet, Inc.

FTNT · Nasdaq

Analyst Consensus

Hold

38 analysts

$170

Current

$133

Low

$170

Average

$133

High

Average target implies -0.11% versus the current price.

Analyst Ratings Synthesis

The reported consensus is Hold, supported by 38 analysts. The only stated target statistic is a $170 mean, just above the $168.29 closing price; the low and high targets are unavailable, so the target cluster and spread cannot be measured. No supplied evidence identifies the most or least bullish analyst, and no named analyst target revisions were reported during the week. The directional research tone was more positive: Zacks added FTNT to its Rank #1 Strong Buy list and published several bullish growth and AI-focused assessments. The substantive disagreement appears to be between confidence in accelerating SASE, AI and OT demand and the more restrained aggregate Hold view, but analyst-level reasons are not disclosed.

Rating Actions

1 firm captured

Firm	Analyst	Rating	Price Target	Upside	Date	Source
Morgan Stanley	Meta Marshall	Equal-Weight Upgraded from Underweight to Equal-Weight and raised price target	$133from $80	-21.9%	Jul 28, 2026	Open the report this row came from

Rating actions are extracted from published reporting. Each row links to its source.

Research Reports

Links to freely available third-party research. Outlook labels are our classification of each article's stance, not a rating of our own.

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Symbol: FTNT
Type: Stock
Sector: Technology
Industry: Computer Peripheral Equipment, NEC
Exchange: Nasdaq

Fortinet (NASDAQ: FTNT) is a driving force in the evolution of cybersecurity and the convergence of networking and security. Our mission is to secure people, devices, and data everywhere, and today we deliver cybersecurity everywhere our customers need it with the largest integrated portfolio of over 50 enterprise-grade products. Over 1 million customers trust Fortinet's solutions, which are among the most deployed, most patented, and most validated in the industry. The Fortinet Training Institute, one of the largest and broadest training programs in the industry, is dedicated to making cybersecurity training and new career opportunities available to everyone. Collaboration with esteemed organizations from both the public and private sectors, including Computer Emergency Response Teams ('CERTs'), government entities, and academia, is a fundamental aspect of Fortinet's commitment to enhance cyber resilience globally.

Key Issues

Bullish view

The second-quarter call highlighted SASE Firewall growth, and Zacks cited expanding SASE momentum as a driver of the stronger outlook. That suggests Fortinet’s platform strategy is broadening demand beyond its traditional firewall business.

Bearish view

The evidence confirms recent SASE growth but does not establish how much of the acceleration is durable or how large the business has become. A slowdown in enterprise technology spending could make the latest growth rate difficult to sustain.

Analyst Consensus

See all

Hold

38 analysts

$170

Current

$133

Low

$170

Average

$133

High

Average target implies -0.11% versus the current price.

Earnings History

BeatMissNo estimate

Fortinet, Inc.

Analyst Consensus

Analyst Ratings Synthesis

Rating Actions

Research Reports

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