FORTINET INC (FTNT) Forecast, Price Target & Analyst Ratings

NASDAQ:FTNT • US34959E1091

Current stock price

81.84 USD
-0.56 (-0.68%)
At close:
81.84 USD
0 (0%)
After Hours:

Analyst forecast overview

View the latest analyst price targets, stock forecast, EPS estimates, revenue projections, revisions, full estimates, rating distribution and upgrades/downgrades for FORTINET INC (FTNT).

Forecast Snapshot

Consensus Price Target

Price Target
$91.75
+ 12.11% Upside
→ Price target details

Next Earnings Forecast

Earnings Estimate
Release Date
May 6, 2026
Period
Q1 / 2026
EPS Estimate
$0.63
Revenue Estimate
1.767B
→ Full earnings forecast details

ChartMill Buy Consensus

Rating
67.06%
Weighted Analyst Rating Score
→ Analyst Ratings details

Price Target Details & History

Consensus Price Target and Range

Mean target
$91.75
Upside
+ 12.11%
From current price of $81.84 to mean target of $91.75, Based on 51 analyst forecasts
Low
$64.64
Median
$91.80
High
$126.00

Price Target Revisions

1 Month
-0.54%
3 Months
3.25%

Price Target Summary

51 Wall Street analysts provided a forecast for the next 12 months for FTNT. The average price target is 91.75 USD. This implies a price increase of 12.11% is expected in the next year compared to the current price of 81.84.
The average price target has been revised upward by 3.25% in the past 3 months.
→ Find peer stocks trading 30% below analyst price target

Analyst Ratings & History

Current Analyst Ratings

FTNT Current Analyst RatingFTNT Current Analyst Buy, Sell and Hold Ratings.Current Analyst Rating Strong Buy Buy Hold Sell Strong Sell 10 20 30

Analyst Ratings History

FTNT Historical Analyst RatingsFTNT Historical Analyst Buy, Sell and Hold Ratings and number of analysts.Historical Monthly Analyst Rating -19 -17 -15 -13 -11 -9 -7 -5 -3 -1 10 20 30 40 50

Analyst Ratings Consensus

ChartMill Buy Consensus
67.06%
FTNT was analyzed by 51 analysts. The buy percentage consensus is at 67. So analysts seem to be have mildly positive about FTNT.
In the previous month the buy percentage consensus was at a similar level.
FTNT was analyzed by 51 analysts, which should be a sufficient number of analysts to have a meaningful average consensus rating.
→ Find peer stocks with a buy consensus above 85%

Recent Upgrades & Downgrades

DateFirmActionFrom → To
2026-04-14MizuhoMaintains Underperform -> Underperform
2026-03-03Wells FargoInitiate Underweight
2026-02-09BMO CapitalMaintains Market Perform -> Market Perform
2026-02-09CitigroupMaintains Neutral -> Neutral
2026-02-06MizuhoMaintains Underperform -> Underperform
2026-02-06RBC CapitalMaintains Sector Perform -> Sector Perform
2026-02-06RosenblattMaintains Buy -> Buy
2026-02-06WedbushReiterate Outperform -> Outperform
2026-02-06JP MorganMaintains Underweight -> Underweight
2026-02-02ScotiaBankDowngrade Sector Outperform -> Sector Perform
2026-01-30JP MorganMaintains Underweight -> Underweight
2026-01-29RosenblattUpgrade Neutral -> Buy
2026-01-23TD CowenUpgrade Hold -> Buy
2026-01-13CitigroupMaintains Neutral -> Neutral
2026-01-05Piper SandlerMaintains Neutral -> Neutral
2025-12-18Morgan StanleyMaintains Underweight -> Underweight
2025-12-17JP MorganDowngrade Neutral -> Underweight
2025-11-06TD CowenMaintains Hold -> Hold
2025-11-06MizuhoMaintains Underperform -> Underperform
2025-11-06UBSMaintains Neutral -> Neutral
2025-11-06RBC CapitalMaintains Sector Perform -> Sector Perform
2025-11-06RosenblattMaintains Neutral -> Neutral
2025-11-06BarclaysMaintains Equal-Weight -> Equal-Weight
2025-11-06JP MorganMaintains Neutral -> Neutral
2025-11-06BairdMaintains Neutral -> Neutral

Next Earnings Forecast Details

Next Earnings Details

Release Date
May 6, 2026
Period
Q1 / 2026
EPS Estimate
$0.63
Revenue Estimate
1.767B
Revenue Q2Q
14.76%
EPS Q2Q
8.58%
Number of Analysts
40

Next Earnings Revisions

Revenue (1 Month)
0.06%
Revenue (3 Months)
0.63%
EPS (1 Month)
0.09%
EPS (3 Months)
-4.79%

Next Earnings Summary

FTNT is expected to report earnings on 5/6/2026. The consensus EPS estimate for the next earnings is 0.63 USD and the consensus revenue estimate is 1.77B USD.
The next earnings revenue estimate has been revised upward by 0.63% in the past 3 months.
→ Find peers expecting at least 20% revenue growth next quarter

Full Analyst Estimates 2026 - 2033

Yearly Earnings Per Share (EPS), Revenue, EBIT, EBITDA and Operating Margin Analyst Estimates

2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033
Revenue
YoY % growth
FTNT revenue by date.FTNT revenue by date.
5.305B
20.09%		5.956B
12.27%		6.8B
14.17%		7.753B
14.02%		8.568B
10.51%		9.379B
9.47%		10.837B
15.55%		11.894B
9.75%		12.55B
5.52%		13.54B
7.89%		14.68B
8.42%
EBITDA
YoY % growth
FTNT ebitda by date.FTNT ebitda by date.
1.35B
26.24%		1.959B
45.10%		2.226B
13.66%		2.829B
27.07%		3.138B
10.92%		3.562B
13.51%		4.241B
19.06%		4.618B
8.89%		N/AN/AN/A
EBIT
YoY % growth
FTNT ebit by date.FTNT ebit by date.
1.237B
28.13%		1.836B
48.48%		2.074B
12.99%		2.671B
28.77%		2.973B
11.31%		3.244B
9.12%		3.758B
15.84%		4.088B
8.78%		4.452B
8.90%		N/AN/A
Operating Margin
FTNT operating margin by date.FTNT operating margin by date.
23.31%30.83%30.51%34.45%34.70%34.59%34.68%34.37%35.47%N/AN/A
EPS
YoY % growth
FTNT eps by date.FTNT eps by date.
1.64
36.89%		2.37
44.51%		2.77
16.88%		3.04
9.69%		3.38
11.17%		3.81
12.76%		3.68
-3.42%		3.99
8.53%		5.00
25.19%		6.39
27.76%		6.77
6.07%

All data in USD

Quarterly Earnings Per Share (EPS), Revenue, EBIT and EBITDA Analyst Estimates

Q1 / 26 Q2 / 26 Q3 / 26 Q4 / 26 Q1 / 27 Q2 / 27 Q3 / 27 Q4 / 27 Q1 / 28 Q2 / 28 Q3 / 28 Q4 / 28
EPS
Q2Q % growth		0.63
8.58%		0.71
10.67%		0.79
7.43%		0.90
11.33%		0.72
14.80%		0.79
11.56%		0.87
8.89%		0.97
7.62%		0.80
10.75%		0.88
11.02%		0.99
14.29%		1.09
12.45%
Revenue
Q2Q % growth		1.767B
14.76%		1.859B
14.05%		1.964B
13.86%		2.157B
13.23%		1.964B
11.15%		2.061B
10.87%		2.166B
10.29%		2.375B
10.11%		2.175B
10.74%		2.265B
9.90%		2.356B
8.77%		2.581B
8.67%
EBITDA
Q2Q % growth		586.97M
21.45%		659.77M
24.30%		744.7M
13.11%		828.95M
6.80%		670.48M
14.23%		728.21M
10.37%		827.84M
11.16%		920.2M
11.01%		742.31M
10.71%		808.6M
11.04%		912.96M
10.28%		1.005B
9.22%
EBIT
Q2Q % growth		552.13M
23.38%		622.58M
36.32%		697.95M
27.85%		797.72M
27.80%		645.1M
16.84%		704.32M
13.13%		771.07M
10.48%		869.61M
9.01%		693.7M
7.53%		758.38M
7.68%		862.4M
11.84%		953.86M
9.69%

All data in USD

Yearly Earnings Per Share (EPS) and Revenue Trends vs Historical Data

FTNT Yearly Revenue VS EstimatesFTNT Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 5B 10B
FTNT Yearly EPS VS EstimatesFTNT Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 2 4 6

Long Term Forward Growth Forecast Summary

Long Term EPS Growth (CAGR)

EPS Next 3 Year
11.20%
EPS Next 5 Year
7.59%

Long Term Revenue Growth (CAGR)

Revenue Next 3 Year
10.83%
Revenue Next 5 Year
11.54%

Long Term EBIT Growth (CAGR)

EBIT Next 3 Year
14.13%
EBIT Next 5 Year
14.02%
→ Find peers expecting at least 20% CAGR revenue growth over the next 3 years

FORTINET INC / FTNT Forecast FAQ

What is the price target for FTNT stock?

51 analysts have analysed FTNT and the average price target is 91.75 USD. This implies a price increase of 12.11% is expected in the next year compared to the current price of 81.84.

When does FORTINET INC (FTNT) report earnings?

FORTINET INC (FTNT) will report earnings on 2026-05-06, after the market close.

Can you provide the consensus estimates for FORTINET INC next earnings?

The consensus EPS estimate for the next earnings of FORTINET INC (FTNT) is 0.63 USD and the consensus revenue estimate is 1.77B USD.

Can you provide the analyst count for FORTINET INC stock?

The number of analysts covering FORTINET INC (FTNT) is 51.