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Fortinet, Inc. — Wall Street Analyst Estimates & Price Targets

FTNT
NASDAQTechnologySoftware - InfrastructureCIK 0001262039fortinet.comAbout FTNT
Last close · Oct 16, 2026169.13−12.78 (−7.03%)
Market cap$124.1B

21 firms' latest targets, last 90 days: median $175.00 ($135.00–$210.00), 3% above the last close.

Price and published targets

daily close, 12 months · each dot a target, a firm's latest darker
$100$150$200NovJan 2026MarMayJulSep2025-11-24 · Cantor Fitzgerald: $87.02025-12-18 · Morgan Stanley: $70.02026-01-05 · Piper Sandler: $90.02026-01-20 · Truist: $88.02026-01-30 · Jefferies: $80.02026-02-02 · Scotiabank: $85.02026-02-03 · Barclays: $88.02026-02-06 · Baird: $90.02026-02-06 · RBC Capital: $90.02026-02-06 · Bernstein: $83.02026-02-06 · Evercore ISI: $80.02026-02-06 · Mizuho Securities: $74.02026-02-06 · UBS: $90.02026-02-06 · Jefferies: $90.02026-02-09 · BMO Capital: $95.02026-03-11 · Stifel: $85.02026-04-27 · Arete Research: $1042026-05-04 · Compass Point: $1002026-05-07 · RBC Capital: $1072026-05-07 · Morgan Stanley: $80.02026-05-07 · Deutsche Bank: $1002026-05-07 · Truist: $1202026-05-07 · Baird: $1152026-05-07 · Wells Fargo: $70.02026-05-07 · Stephens: $1152026-05-07 · BTIG: $1252026-05-07 · Barclays: $1152026-05-08 · Susquehanna: $1152026-06-12 · Barclays: $1552026-06-29 · HSBC: $1022026-07-10 · BTIG: $1862026-07-13 · Barclays: $1702026-07-15 · Mizuho Securities: $1252026-07-16 · RBC Capital: $1602026-07-20 · Wells Fargo: $1202026-07-21 · Truist: $1832026-07-21 · Baird: $1202026-07-21 · Morgan Stanley: $1332026-07-23 · Cantor Fitzgerald: $1652026-07-30 · RBC Capital: $1852026-07-30 · Baird: $1652026-07-30 · Evercore ISI: $1652026-07-30 · Morgan Stanley: $1362026-07-30 · Deutsche Bank: $1602026-07-30 · UBS: $1802026-07-30 · BTIG: $2032026-07-30 · Scotiabank: $1632026-07-30 · Stifel: $1752026-07-30 · Goldman Sachs: $1902026-07-30 · Piper Sandler: $1752026-07-30 · Rosenblatt Securities: $1952026-07-30 · Wells Fargo: $1352026-07-30 · Wolfe Research: $1752026-07-30 · Barclays: $1902026-07-30 · Cantor Fitzgerald: $1852026-07-31 · Susquehanna: $1602026-09-10 · Wedbush: $1552026-09-17 · Bernstein: $1452026-10-12 · RBC Capital: $2052026-10-12 · Barclays: $2102026-10-15 · UBS: $2002026-10-15 · Mizuho Securities: $160
$100$150$200NovFebMayAug

Each firm's latest target

last 90 days · 21 firms
DateFirmTargetPreviousChangeVs price thenVs price now
2026-10-15UBS$200.00$180.00▲ 11%+11%+18%
2026-10-15Mizuho Securities$160.00$125.00▲ 28%-13%-5%
2026-10-12RBC Capital$205.00$185.00▲ 11%+5%+21%
2026-10-12Barclays$210.00$190.00▲ 11%+8%+24%
2026-09-17Bernstein$145.00$83.00▲ 75%-16%-14%
2026-09-10Wedbush$155.00——-2%-8%
2026-07-31Susquehanna$160.00$115.00▲ 39%+2%-5%
2026-07-30Baird$165.00$120.00▲ 38%+6%-2%
2026-07-30Evercore ISI$165.00$80.00▲ 106%+4%-2%
2026-07-30Morgan Stanley$136.00$133.00▲ 2%-15%-20%
2026-07-30Deutsche Bank$160.00$100.00▲ 60%+1%-5%
2026-07-30BTIG$203.00$186.00▲ 9%+32%+20%
2026-07-30Scotiabank$163.00$85.00▲ 92%+6%-4%
2026-07-30Stifel$175.00$85.00▲ 106%+14%+3%
2026-07-30Goldman Sachs$190.00——+24%+12%
2026-07-30Piper Sandler$175.00$90.00▲ 94%+14%+3%
2026-07-30Rosenblatt Securities$195.00——+27%+15%
2026-07-30Wells Fargo$135.00$120.00▲ 13%-12%-20%
2026-07-30Wolfe Research$175.00——+14%+3%
2026-07-30Cantor Fitzgerald$185.00$165.00▲ 12%+21%+9%
2026-07-21Truist$183.00$120.00▲ 52%+14%+8%

Consensus estimates

revenue and EPS by fiscal year · reported years marked
FYRevenueYoYEPSYoYRevenue rangeEPS rangeAnalysts
2023reported$5.3B+20%$1.46+38%est. $5.3B+0%est. $1.5625
2024reported$6.0B+12%$2.26+55%est. $5.9B+1%est. $2.2431
2025reported$6.8B+14%$2.42+7%est. $6.8B+1%est. $2.6928
2026$8.1B+19%$3.45+28%$8.1B–$8.2B$3.41–$3.5631
2027$9.0B+11%$3.78+9%$8.6B–$9.7B$3.52–$4.4633
2028$10.0B+11%$4.27+13%$9.3B–$11.2B$3.87–$5.2623
2029$11.4B+14%$3.55-17%$11.0B–$12.1B$3.36–$3.8211
2030$12.2B+7%$3.77+6%$11.7B–$12.9B$3.57–$4.0511
A reported year shows the company's figures, with the consensus beside it (revenue against it in %). Reported EPS is GAAP diluted; the analysts' EPS usually leaves items such as stock compensation out, so the two are not like for like. Faded: a year the valuation models do not read — they read the first 3, and a later one only while 10 or more analysts cover every year up to it — or one under 5 analysts.

Targets, grades and estimates are quoted from third parties (via Financial Modeling Prep) and are theirs, not ours; each target links to the report it was published in. A firm counts once, at its latest target or grade.