Recent Analysts’ Ratings Changes for Fortinet (FTNT)

Fortinet (NASDAQ: FTNT) has recently received a number of price target changes and ratings updates:

• 7/13/2026 – Fortinet had its “buy” rating reaffirmed by TD Cowen. They now have a $215.00 price target on the stock, up from $160.00.
• 7/13/2026 – Fortinet had its price target raised by Barclays PLC from $155.00 to $170.00. They now have an “equal weight” rating on the stock.
• 7/10/2026 – Fortinet had its price target raised by BTIG Research from $150.00 to $186.00. They now have a “buy” rating on the stock.
• 6/29/2026 – Fortinet was downgraded by HSBC Holdings plc from “hold” to “reduce”. They now have a $102.00 price target on the stock.
• 6/12/2026 – Fortinet was given a new $155.00 price target by Barclays PLC. They now have an “equal weight” rating on the stock.
• 6/12/2026 – Fortinet was downgraded by Zacks Research from “strong-buy” to “hold”.
• 6/11/2026 – Fortinet was upgraded by Weiss Ratings from “hold (c)” to “hold (c+)”.
• 6/8/2026 – Fortinet had its “buy” rating reaffirmed by TD Cowen. They now have a $160.00 price target on the stock, up from $125.00.
• 6/8/2026 – Fortinet had its price target raised by Bank of America Corporation from $130.00 to $180.00. They now have a “buy” rating on the stock.
• 5/26/2026 – Fortinet had its price target raised by BTIG Research from $125.00 to $150.00. They now have a “buy” rating on the stock.
• 5/19/2026 – Fortinet was downgraded by Weiss Ratings from “hold (c+)” to “hold (c)”.
• 5/19/2026 – Fortinet was downgraded by DZ Bank AG from “buy” to “hold”. They now have a $125.00 price target on the stock.

Insider Activity at Fortinet

In other Fortinet news, VP Michael Xie sold 3,907 shares of Fortinet stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $146.44, for a total value of $572,141.08. Following the completion of the transaction, the vice president owned 9,923,610 shares of the company’s stock, valued at approximately $1,453,213,448.40. The trade was a 0.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO John Whittle sold 146,015 shares of the company’s stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $128.41, for a total transaction of $18,749,786.15. Following the completion of the transaction, the chief operating officer owned 94,724 shares of the company’s stock, valued at approximately $12,163,508.84. This trade represents a 60.65% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 318,387 shares of company stock worth $43,403,063 in the last three months. Company insiders own 17.60% of the company’s stock.

Fortinet, Inc (NASDAQ: FTNT) is a multinational cybersecurity company that develops and delivers integrated security solutions for enterprise, service provider and government customers worldwide. Founded in 2000 and headquartered in Sunnyvale, California, the company was co‑founded by Ken Xie and Michael Xie. Ken Xie serves as chairman and chief executive officer, and the company operates through a global sales, channel and services organization to support customers across the Americas, EMEA and Asia‑Pacific.

Fortinet’s product portfolio centers on network security appliances and software, with its FortiGate next‑generation firewalls and the FortiOS operating system forming a core platform.