Fortinet, Inc. (NASDAQ:FTNT) Stock Has Consensus Price Target of $162.36 According to Brokerages

Shares of Fortinet, Inc. (NASDAQ:FTNT) have been given an average rating of “Hold” by the thirty-nine ratings firms that are covering the company, Marketbeat reports. Six equities research analysts have rated the stock with a sell recommendation, twenty-one have issued a hold recommendation, eleven have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $162.36.

A number of research firms recently weighed in on FTNT. BMO Capital Markets upped their price target on Fortinet from $170.00 to $185.00 and gave the stock a “market perform” rating in a research note on Thursday, July 30th. UBS Group reissued a “neutral” rating and issued a $200.00 price objective on shares of Fortinet in a research note on Thursday, October 15th. The Goldman Sachs Group restated a “buy” rating and set a $190.00 price objective (up from $116.00) on shares of Fortinet in a report on Thursday, July 30th. Piper Sandler restated a “neutral” rating and set a $175.00 price objective (up from $110.00) on shares of Fortinet in a report on Thursday, July 30th. Finally, Capital One Financial upped their target price on Fortinet from $150.00 to $185.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 30th.

Fortinet Trading Down 5.9%

FTNT opened at $174.08 on Monday. The company has a fifty day moving average price of $171.91 and a two-hundred day moving average price of $127.69. Fortinet has a 1-year low of $73.55 and a 1-year high of $197.13. The company has a market cap of $127.72 billion, a P/E ratio of 61.30, a price-to-earnings-growth ratio of 3.36 and a beta of 1.03. The company has a current ratio of 1.28, a quick ratio of 1.19 and a debt-to-equity ratio of 0.32.

Fortinet (NASDAQ:FTNT) last issued its earnings results on Wednesday, October 28th. The software maker reported $0.91 EPS for the quarter, beating the consensus estimate of $0.86 by $0.05. The company had revenue of $2.08 billion during the quarter, compared to the consensus estimate of $2.06 billion. Fortinet had a return on equity of 191.54% and a net margin of 28.17%. The firm’s revenue for the quarter was up 20.5% compared to the same quarter last year. During the same period last year, the business posted $0.74 EPS. Analysts predict that Fortinet will post 3.10 EPS for the current fiscal year.

Fortinet News Roundup

Here are the key news stories impacting Fortinet this week:

• Positive Sentiment: Fortinet reported third-quarter revenue of $2.08 billion, up approximately 20% year over year, while adjusted earnings reached $0.91 per share versus the roughly $0.85–$0.86 consensus estimate. Product revenue rose 37% to $765 million. Fortinet Reports Strong Third Quarter 2026 Financial Results
• Positive Sentiment: Management raised its 2026 revenue-growth outlook to approximately 20% and issued fourth-quarter adjusted EPS guidance of $0.93 to $0.95, indicating continued profitability and operating momentum. Fortinet Fourth-Quarter EPS Guidance
• Positive Sentiment: The board authorized an additional $1.2 billion for share repurchases, leaving $2 billion available under the program. The buyback may support per-share results and signals management’s confidence in the company’s long-term cash generation. Fortinet Adds to Share Repurchase Program
• Neutral Sentiment: Fortinet continues expanding its product portfolio with FortiLink SASE for distributed locations and FortiGuard Inline AI Security for AI-related threats. These offerings could create future recurring-revenue opportunities, but their near-term financial contribution remains uncertain. Fortinet Expands Unified SASE
• Negative Sentiment: Billings growth, a forward-looking indicator of future revenue, underwhelmed investors despite increasing 29% to $2.34 billion. Cybersecurity stocks also sold off broadly as growth slowed significantly in one of Fortinet’s business segments, raising concerns that premium valuation expectations may be difficult to sustain. Fortinet Stock Falls After Earnings

Insider Buying and Selling at Fortinet

In other news, CEO Ken Xie sold 161,482 shares of Fortinet stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $162.66, for a total transaction of $26,266,662.12. Following the completion of the transaction, the chief executive officer directly owned 52,972,372 shares in the company, valued at $8,616,486,029.52. This trade represents a 0.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, VP Michael Xie sold 3,121 shares of Fortinet stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $162.63, for a total transaction of $507,568.23. Following the transaction, the vice president owned 9,918,360 shares of the company’s stock, valued at $1,613,022,886.80. This represents a 0.03% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last three months, insiders have sold 221,303 shares of company stock valued at $36,164,034. Corporate insiders own 17.60% of the company’s stock.

Hedge Funds Weigh In On Fortinet

Large investors have recently added to or reduced their stakes in the business. Transamerica Financial Advisors LLC purchased a new position in shares of Fortinet during the second quarter valued at approximately $492,000. Wealth Enhancement Trust Services Inc. boosted its holdings in Fortinet by 83.8% in the third quarter. Wealth Enhancement Trust Services Inc. now owns 22,326 shares of the software maker’s stock worth $3,991,000 after purchasing an additional 10,180 shares during the last quarter. QRG Capital Management Inc. boosted its holdings in Fortinet by 21.4% in the first quarter. QRG Capital Management Inc. now owns 75,491 shares of the software maker’s stock worth $6,169,000 after purchasing an additional 13,294 shares during the last quarter. Vista Investment Partners LLC boosted its holdings in Fortinet by 53.1% in the second quarter. Vista Investment Partners LLC now owns 49,058 shares of the software maker’s stock worth $7,537,000 after purchasing an additional 17,018 shares during the last quarter. Finally, Farther Finance Advisors LLC boosted its holdings in Fortinet by 35.5% in the third quarter. Farther Finance Advisors LLC now owns 32,402 shares of the software maker’s stock worth $5,792,000 after purchasing an additional 8,488 shares during the last quarter. Institutional investors own 83.71% of the company’s stock.

Fortinet Company Profile

Fortinet, Inc develops cybersecurity products and services designed to protect networks, endpoints, applications, cloud environments and operational technology systems. The company’s portfolio includes next-generation firewalls, secure networking products, endpoint security, web application security, email security, identity and access solutions, and security information and event management tools.

Its product offerings include FortiGate network security appliances and cloud-based firewalls, along with FortiSwitch, FortiAP and FortiExtender solutions for secure connectivity.