Analyst Consensus ?
ConsensusHold66 ratings
Bullish2842.4%
Neutral3248.5%
Bearish69.1%
1 unmapped firm rating excluded from the percentages.
FN2 Earnings Intelligence
Fortinet, Inc. analyst ratings
Fortinet, Inc. (FTNT) analyst consensus, price targets, and firm-level rating history from FN2 Research.
Analyst 52W Price Targets
$156.07Current
$55Low
$111.81Average
$203High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Sep 12, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| Susquehanna | Neutral | Neutral | Maintain | Jul 31, 2026 |
| Wells Fargo | Underweight | Underweight | Maintain | Jul 30, 2026 |
| Stifel | Hold | Hold | Maintain | Jul 30, 2026 |
| Rosenblatt | Buy | Buy | Maintain | Jul 30, 2026 |
| RBC Capital | Sector Perform | Sector Perform | Maintain | Jul 30, 2026 |
| Piper Sandler | Neutral | Neutral | Maintain | Jul 30, 2026 |
| Morgan Stanley | Equal Weight | Equal Weight | Maintain | Jul 30, 2026 |
| Evercore ISI Group | In Line | In Line | Maintain | Jul 30, 2026 |
| Citigroup | Neutral | Neutral | Maintain | Jul 30, 2026 |
| Cantor Fitzgerald | Neutral | Neutral | Maintain | Jul 30, 2026 |
| BTIG | Buy | Buy | Maintain | Jul 30, 2026 |
| Barclays | Equal Weight | Equal Weight | Maintain | Jul 30, 2026 |
| Truist Securities | Buy | Buy | Maintain | Jul 21, 2026 |
| Mizuho | Underperform | Underperform | Maintain | Jul 15, 2026 |
| TD Cowen | Buy | Buy | Maintain | Jul 13, 2026 |
| HSBC | Reduce | Hold | Downgrade | Jun 30, 2026 |
| B of A Securities | Buy | Buy | Maintain | Jun 8, 2026 |
| UBS | Neutral | Neutral | Maintain | May 7, 2026 |
| Stephens & Co. | Equal Weight | Equal Weight | Maintain | May 7, 2026 |
| Scotiabank | Sector Perform | Sector Perform | Maintain | May 7, 2026 |
| JP Morgan | Underweight | Underweight | Maintain | May 7, 2026 |
| BMO Capital | Market Perform | Market Perform | Maintain | May 4, 2026 |
| Freedom Broker | Hold | Buy | Downgrade | Feb 17, 2026 |
| Wedbush | Outperform | Outperform | Maintain | Feb 6, 2026 |
| Jefferies | Hold | Hold | Maintain | Nov 6, 2025 |
| Baird | Neutral | Neutral | Maintain | Nov 6, 2025 |
| BWG Global | Mixed | Positive | Downgrade | Oct 20, 2025 |
| Keybanc | Overweight | Downgrade | Aug 7, 2025 | |
| Needham | Hold | Hold | Maintain | Feb 7, 2025 |
| Guggenheim | Neutral | Neutral | Maintain | Feb 7, 2025 |
| Goldman Sachs | Buy | Buy | Maintain | Feb 7, 2025 |
| Deutsche Bank | Hold | Hold | Maintain | Feb 7, 2025 |
| Raymond James | Market Perform | Outperform | Downgrade | Jan 14, 2025 |
| DZ Bank | Sell | Hold | Downgrade | Feb 8, 2024 |
| Capital One | Equal Weight | Overweight | Downgrade | Jan 17, 2024 |
| William Blair | Market Perform | Outperform | Downgrade | Nov 3, 2023 |
| Oppenheimer | Perform | Outperform | Downgrade | Nov 3, 2023 |
| Loop Capital | Buy | Buy | Maintain | Feb 9, 2023 |
| MKM Partners | Buy | Buy | Maintain | Jan 31, 2023 |
| SMBC Nikko | Outperform | Outperform | Maintain | Oct 7, 2022 |
| Atlantic Equities | Overweight | Overweight | Maintain | Sep 2, 2022 |
| Cowen & Co. | Outperform | Outperform | Maintain | Sep 28, 2021 |
| Monness, Crespi, Hardt | Neutral | Buy | Downgrade | Jun 29, 2021 |
| DA Davidson | Buy | Buy | Maintain | Apr 30, 2021 |
| Credit Suisse | Neutral | Neutral | Maintain | Oct 30, 2020 |
| CFRA | Hold | Hold | Maintain | Feb 12, 2020 |
| Northland Capital Markets | Outperform | Outperform | Maintain | Feb 3, 2020 |
| Bank of America | Buy | Buy | Maintain | Nov 19, 2019 |
| PiperJaffray | Overweight | Overweight | Maintain | Nov 8, 2019 |
| Citi | Sell | Sell | Maintain | Aug 2, 2019 |
| Stifel Nicolaus | Hold | Hold | Maintain | Apr 16, 2019 |
| First Analysis | Outperform | Neutral | Upgrade | Feb 8, 2019 |
| JMP Securities | Market Outperform | Market Outperform | Maintain | Jan 26, 2018 |
| Nomura | Buy | Buy | Maintain | Oct 11, 2016 |
| Pacific Crest | Overweight | Sector Weight | Upgrade | Aug 30, 2016 |
| Wunderlich Securities | Buy | Buy | Maintain | Apr 27, 2016 |
| Wunderlich | Buy | Buy | Maintain | Apr 27, 2016 |
| Macquarie | Neutral | Neutral | Maintain | Apr 20, 2015 |
| Buckingham Research | Buy | Buy | Maintain | Apr 15, 2015 |
| FBR Capital | Outperform | Outperform | Maintain | Oct 22, 2014 |
| Northland | Outperform | Outperform | Maintain | Jul 2, 2014 |
| Sterne Agee | Buy | Buy | Maintain | Feb 4, 2014 |
| Topeka Capital | Hold | Hold | Maintain | Nov 29, 2013 |
| Topeka | Hold | Hold | Maintain | Nov 29, 2013 |
| Northland Securities | Market Perform | Outperform | Downgrade | Jul 29, 2013 |
| FBN Securities | Outperform | Outperform | Maintain | Apr 11, 2013 |
| Northern Securities | Outperform | Outperform | Maintain | Sep 12, 2012 |
Named analyst price targets
Upside is calculated against the persisted current price $156.07. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Wedbush | Analyst unavailable | $155 | $158.85 | -0.7% | Sep 10, 2026 |
| Susquehanna | Analyst unavailable | $160 | $156.4 | +2.5% | Jul 31, 2026 |
| RBC Capital | Analyst unavailable | $185 | $156.05 | +18.5% | Jul 30, 2026 |
| Robert W. Baird | Analyst unavailable | $165 | $156.26 | +5.7% | Jul 30, 2026 |
| Evercore ISI | Analyst unavailable | $165 | $158.65 | +5.7% | Jul 30, 2026 |
| Morgan Stanley | Analyst unavailable | $136 | $159.79 | -12.9% | Jul 30, 2026 |
| Deutsche Bank | Analyst unavailable | $160 | $158.1 | +2.5% | Jul 30, 2026 |
| UBS | Roger Boyd | $180 | $158.54 | +15.3% | Jul 30, 2026 |
| BTIG | Gray Powell | $203 | $153.22 | +30.1% | Jul 30, 2026 |
| Scotiabank | Patrick Colville | $163 | $153.22 | +4.4% | Jul 30, 2026 |
| Stifel Nicolaus | Analyst unavailable | $175 | $153.22 | +12.1% | Jul 30, 2026 |
| Goldman Sachs | Gabriela Borges | $190 | $153.22 | +21.7% | Jul 30, 2026 |
| Piper Sandler | Analyst unavailable | $175 | $153.22 | +12.1% | Jul 30, 2026 |
| Rosenblatt Securities | Catherine Trebnick | $195 | $153.22 | +24.9% | Jul 30, 2026 |
| Wells Fargo | Analyst unavailable | $135 | $153.22 | -13.5% | Jul 30, 2026 |
| Wolfe Research | Analyst unavailable | $175 | $153.22 | +12.1% | Jul 30, 2026 |
| Barclays | Analyst unavailable | $190 | $153.22 | +21.7% | Jul 30, 2026 |
| Cantor Fitzgerald | Jonathan Ruykhaver | $185 | $153.22 | +18.5% | Jul 30, 2026 |
| Cantor Fitzgerald | Analyst unavailable | $165 | $155.05 | +5.7% | Jul 23, 2026 |
| Truist Financial | Analyst unavailable | $183 | $160.36 | +17.3% | Jul 21, 2026 |
| Robert W. Baird | Shrenik Kothari | $120 | $160.36 | -23.1% | Jul 21, 2026 |
| Morgan Stanley | Meta Marshall | $133 | $160.36 | -14.8% | Jul 21, 2026 |
| Wells Fargo | Analyst unavailable | $120 | $161.61 | -23.1% | Jul 20, 2026 |
| RBC Capital | Analyst unavailable | $160 | $161.69 | +2.5% | Jul 16, 2026 |
| Mizuho Securities | Analyst unavailable | $125 | $166.83 | -19.9% | Jul 15, 2026 |
| Barclays | Analyst unavailable | $170 | $157.51 | +8.9% | Jul 13, 2026 |
| BTIG | Gray Powell | $186 | $163.73 | +19.2% | Jul 10, 2026 |
| HSBC | Analyst unavailable | $102 | $155.42 | -34.6% | Jun 29, 2026 |
| Barclays | Analyst unavailable | $155 | $145.06 | -0.7% | Jun 12, 2026 |
| Susquehanna | Shyam Patil | $115 | $111.96 | -26.3% | May 8, 2026 |
| RBC Capital | Analyst unavailable | $107 | $110.97 | -31.4% | May 7, 2026 |
| Morgan Stanley | Analyst unavailable | $80 | $110.83 | -48.7% | May 7, 2026 |
| Deutsche Bank | Analyst unavailable | $100 | $111.44 | -35.9% | May 7, 2026 |
| Truist Financial | Analyst unavailable | $120 | $111.29 | -23.1% | May 7, 2026 |
| Robert W. Baird | Shrenik Kothari | $115 | $89.95 | -26.3% | May 7, 2026 |
| Wells Fargo | Analyst unavailable | $70 | $89.95 | -55.1% | May 7, 2026 |
| Stephens | Analyst unavailable | $115 | $89.95 | -26.3% | May 7, 2026 |
| BTIG | Gray Powell | $125 | $89.95 | -19.9% | May 7, 2026 |
| Barclays | Analyst unavailable | $115 | $89.95 | -26.3% | May 7, 2026 |
| Compass Point | Analyst unavailable | $100 | $88.34 | -35.9% | May 4, 2026 |
| Arete Research | Ellie Kearney | $104 | $84.35 | -33.4% | Apr 27, 2026 |
| Stifel Nicolaus | Analyst unavailable | $85 | $83.1 | -45.5% | Mar 11, 2026 |
| BMO Capital | Analyst unavailable | $95 | $82.76 | -39.1% | Feb 9, 2026 |
| Robert W. Baird | Analyst unavailable | $90 | $81.46 | -42.3% | Feb 6, 2026 |
| RBC Capital | Dan Bergstrom | $90 | $81.61 | -42.3% | Feb 6, 2026 |
| Bernstein | Analyst unavailable | $83 | $81.83 | -46.8% | Feb 6, 2026 |
| Evercore ISI | Peter Levine | $80 | $80.89 | -48.7% | Feb 6, 2026 |
| Mizuho Securities | Analyst unavailable | $74 | $78.93 | -52.6% | Feb 6, 2026 |
| UBS | Analyst unavailable | $90 | $78.93 | -42.3% | Feb 6, 2026 |
| Jefferies | Joseph Gallo | $90 | $78.93 | -42.3% | Feb 6, 2026 |
| Barclays | Saket Kalia | $88 | $81.29 | -43.6% | Feb 3, 2026 |
| Scotiabank | Analyst unavailable | $85 | $81.26 | -45.5% | Feb 2, 2026 |
| Jefferies | Joseph Gallo | $80 | $81.51 | -48.7% | Jan 30, 2026 |
| Truist Financial | Analyst unavailable | $88 | $75.1 | -43.6% | Jan 20, 2026 |
| Piper Sandler | Rob Owens | $90 | $77.88 | -42.3% | Jan 5, 2026 |
| Morgan Stanley | Analyst unavailable | $70 | $79.38 | -55.1% | Dec 18, 2025 |
| Cantor Fitzgerald | Jonathan Ruykhaver | $87 | $78.92 | -44.3% | Nov 24, 2025 |
| Morgan Stanley | Meta Marshall | $67 | $76.92 | -57.1% | Sep 2, 2025 |
| Morgan Stanley | Keith Weiss | $78 | $96.58 | -50.0% | Aug 7, 2025 |
| Barclays | Saket Kalia | $110 | $99.06 | -29.5% | Jul 14, 2025 |
| Roth Capital | Analyst unavailable | $103 | $94.37 | -34.0% | Apr 22, 2025 |
| UBS | Analyst unavailable | $123 | $95.47 | -21.2% | Mar 18, 2025 |
| KeyBanc | Eric Heath | $115 | $97.13 | -26.3% | Dec 19, 2024 |
| Stifel Nicolaus | Adam Borg | $103 | $93.36 | -34.0% | Dec 18, 2024 |
| Rosenblatt Securities | Catherine Trebnick | $100 | $69.69 | -35.9% | Nov 19, 2024 |
| HSBC | Stephen Bersey | $111 | $97.18 | -28.9% | Nov 11, 2024 |
| BMO Capital | Keith Bachman | $88 | $78.18 | -43.6% | Nov 8, 2024 |
| Barclays | Saket Kalia | $85 | $78.84 | -45.5% | Nov 4, 2024 |
| Rosenblatt Securities | Catherine Trebnick | $85 | $78.74 | -45.5% | Oct 31, 2024 |
| Truist Financial | Junaid Siddiqui | $85 | $80.7 | -45.5% | Oct 23, 2024 |
| Mizuho Securities | Gregg Moskowitz | $68 | $82.12 | -56.4% | Oct 17, 2024 |
| HSBC | Stephen Bersey | $83 | $77.66 | -46.8% | Sep 23, 2024 |
| CFRA | Janice Quek | $84 | $75.08 | -46.2% | Sep 13, 2024 |
| Citigroup | Fatima Boolani | $76 | $74.49 | -51.3% | Sep 13, 2024 |
| Robert W. Baird | Shrenik Kothari | $80 | $68.26 | -48.7% | Aug 7, 2024 |
| BMO Capital | Keith Bachman | $76 | $69.93 | -51.3% | Aug 7, 2024 |
| Wells Fargo | Andrew Nowinski | $64 | $55.81 | -59.0% | Aug 7, 2024 |
| HSBC | Stephen Bersey | $59 | $69.93 | -62.2% | Aug 7, 2024 |
| Rosenblatt Securities | Catherine Trebnick | $68 | $55.44 | -56.4% | Aug 5, 2024 |
| Citigroup | Fatima Boolani | $65 | $57.39 | -58.4% | Jul 30, 2024 |
| Morgan Stanley | Hamza Fodderwala | $69 | $58.92 | -55.8% | Jul 17, 2024 |
| Scotiabank | Patrick Colville | $80 | $59.65 | -48.7% | Jun 11, 2024 |
| Evercore ISI | Peter Levine | $67 | $60.09 | -57.1% | Jun 10, 2024 |
| Piper Sandler | Rob Owens | $70 | $59.83 | -55.1% | May 3, 2024 |
| Truist Financial | Junaid Siddiqui | $70 | $61.43 | -55.1% | May 3, 2024 |
| HSBC | Stephen Bersey | $54 | $65.2 | -65.4% | May 3, 2024 |
| UBS | Fatima Boolani | $69 | $65.2 | -55.8% | May 3, 2024 |
| Cantor Fitzgerald | Yi Fu Lee | $55 | $65.2 | -64.8% | May 3, 2024 |
| Mizuho Securities | Gregg Moskowitz | $66 | $65.2 | -57.7% | May 3, 2024 |
| RBC Capital | Dan Bergstrom | $68 | $65.2 | -56.4% | May 3, 2024 |
| Barclays | Saket Kalia | $75 | $65.2 | -51.9% | May 3, 2024 |
| Robert W. Baird | Shrenik Kothari | $81 | $69.48 | -48.1% | Feb 7, 2024 |
| Guggenheim | Raymond McDonough | $62 | $47.75 | -60.3% | Nov 3, 2023 |
| Guggenheim | Raymond McDonough | $70 | $56.77 | -55.1% | Aug 7, 2023 |
| Loop Capital Markets | Analyst unavailable | $66 | $51.99 | -57.7% | Feb 7, 2023 |
| BMO Capital | Analyst unavailable | $57 | $53.09 | -63.5% | Feb 2, 2023 |
| Morgan Stanley | Analyst unavailable | $71 | $48.98 | -54.5% | Dec 22, 2022 |
| Morgan Stanley | Hamza Fodderwala | $66 | $45.93 | -57.7% | Nov 3, 2022 |
| SMBC Nikko | Carson Sippel | $70 | $53.74 | -55.1% | Oct 6, 2022 |
| MKM Partners | Catharine Trebnick | $70 | $50.42 | -55.1% | Sep 16, 2022 |
| Deutsche Bank | Brad Zelnick | $63 | $51.93 | -59.6% | Aug 17, 2022 |
| Barclays | Saket Kalia | $77 | $52.53 | -50.7% | Aug 4, 2022 |
| BMO Capital | Keith Bachman | $70 | $57.37 | -55.1% | Jul 5, 2022 |
| KeyBanc | Michael Turits | $70.6 | $56.31 | -54.8% | May 15, 2022 |
| Deutsche Bank | Patrick Colville | $60 | $52.19 | -61.6% | May 12, 2022 |
| Citigroup | Fatima Boolani | $81 | $61.73 | -48.1% | Apr 29, 2022 |
| Goldman Sachs | Brian Essex | $78 | $66.35 | -50.0% | Apr 17, 2022 |
| Barclays | Saket Kalia | $79 | $67.8 | -49.4% | Apr 3, 2022 |
| Deutsche Bank | Patrick Colville | $50 | $66.55 | -68.0% | Mar 26, 2022 |
| Wedbush | Daniel Ives | $70 | $62.87 | -55.1% | Feb 6, 2022 |
| Evercore ISI | Irvin Liu | $76 | $62.87 | -51.3% | Feb 4, 2022 |
| Morgan Stanley | Hamza Fodderwala | $63 | $62.87 | -59.6% | Feb 4, 2022 |
| Raymond James | Adam Tindle | $70 | $62.87 | -55.1% | Feb 4, 2022 |
| Colliers Securities | Catharine Trebnick | $66 | $62.87 | -57.7% | Feb 4, 2022 |
| Wells Fargo | Andrew Nowinski | $72 | $59.4 | -53.9% | Feb 3, 2022 |
| Cowen & Co. | Shaul Eyal | $85 | $61.43 | -45.5% | Jan 19, 2022 |
| BTIG | Gray Powell | $78.2 | $68.27 | -49.9% | Nov 17, 2021 |
| Piper Sandler | Rob Owens | $70 | $68.24 | -55.1% | Nov 5, 2021 |
| FBN Securities | Shebly Seyrafi | $80 | $68.24 | -48.7% | Nov 5, 2021 |
| Oppenheimer | Ittai Kidron | $80 | $68.24 | -48.7% | Nov 5, 2021 |
| Goldman Sachs | Brian Essex | $76 | $68.24 | -51.3% | Nov 5, 2021 |
| KeyBanc | Michael Turits | $74 | $66.38 | -52.6% | Oct 25, 2021 |
| Stifel Nicolaus | Adam Borg | $71 | $59.92 | -54.5% | Sep 21, 2021 |
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