Analyst Consensus ?
ConsensusHold67 ratings
Bullish2841.8%
Neutral3349.2%
Bearish69.0%
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
$183.33Previous close
$55Low
$120.23Average
$210High
Latest persisted target per named analyst; persisted previous close from FN2's market snapshot as of Oct 27, 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 |
|---|---|---|---|---|
| JP Morgan | Underweight | Underweight | Maintain | Oct 23, 2026 |
| Truist Securities | Buy | Buy | Maintain | Oct 20, 2026 |
| Wells Fargo | Underweight | Underweight | Maintain | Oct 15, 2026 |
| Mizuho | Underperform | Underperform | Maintain | Oct 15, 2026 |
| TD Cowen | Buy | Buy | Maintain | Oct 13, 2026 |
| RBC Capital | Sector Perform | Sector Perform | Maintain | Oct 12, 2026 |
| Barclays | Equal Weight | Equal Weight | Maintain | Oct 12, 2026 |
| Bernstein | Market Perform | Market Perform | Maintain | Sep 17, 2026 |
| Susquehanna | Neutral | Neutral | Maintain | Jul 31, 2026 |
| Stifel | Hold | Hold | Maintain | Jul 30, 2026 |
| Rosenblatt | Buy | Buy | 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 |
| 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 |
| 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 previous close $183.33. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Arete Research | Analyst unavailable | $117 | $170.93 | -36.2% | Oct 21, 2026 |
| Truist Financial | Junaid Siddiqui | $200 | $171.47 | +9.1% | Oct 20, 2026 |
| UBS | Analyst unavailable | $200 | $180.16 | +9.1% | Oct 15, 2026 |
| Mizuho Securities | Analyst unavailable | $160 | $184.05 | -12.7% | Oct 15, 2026 |
| RBC Capital | Dan Bergstrom | $205 | $195.01 | +11.8% | Oct 12, 2026 |
| Barclays | Saket Kalia | $210 | $194.75 | +14.5% | Oct 12, 2026 |
| Bernstein | Analyst unavailable | $145 | $171.77 | -20.9% | Sep 17, 2026 |
| Wedbush | Analyst unavailable | $155 | $158.85 | -15.5% | Sep 10, 2026 |
| Susquehanna | Analyst unavailable | $160 | $156.4 | -12.7% | Jul 31, 2026 |
| RBC Capital | Analyst unavailable | $185 | $156.05 | +0.9% | Jul 30, 2026 |
| Robert W. Baird | Analyst unavailable | $165 | $156.26 | -10.0% | Jul 30, 2026 |
| Evercore ISI | Analyst unavailable | $165 | $158.65 | -10.0% | Jul 30, 2026 |
| Morgan Stanley | Analyst unavailable | $136 | $159.79 | -25.8% | Jul 30, 2026 |
| Deutsche Bank | Analyst unavailable | $160 | $158.1 | -12.7% | Jul 30, 2026 |
| UBS | Roger Boyd | $180 | $158.54 | -1.8% | Jul 30, 2026 |
| BTIG | Gray Powell | $203 | $153.22 | +10.7% | Jul 30, 2026 |
| Scotiabank | Patrick Colville | $163 | $153.22 | -11.1% | Jul 30, 2026 |
| Stifel Nicolaus | Analyst unavailable | $175 | $153.22 | -4.5% | Jul 30, 2026 |
| Goldman Sachs | Gabriela Borges | $190 | $153.22 | +3.6% | Jul 30, 2026 |
| Piper Sandler | Analyst unavailable | $175 | $153.22 | -4.5% | Jul 30, 2026 |
| Rosenblatt Securities | Catherine Trebnick | $195 | $153.22 | +6.4% | Jul 30, 2026 |
| Wells Fargo | Analyst unavailable | $135 | $153.22 | -26.4% | Jul 30, 2026 |
| Wolfe Research | Analyst unavailable | $175 | $153.22 | -4.5% | Jul 30, 2026 |
| Barclays | Analyst unavailable | $190 | $153.22 | +3.6% | Jul 30, 2026 |
| Cantor Fitzgerald | Jonathan Ruykhaver | $185 | $153.22 | +0.9% | Jul 30, 2026 |
| Cantor Fitzgerald | Analyst unavailable | $165 | $155.05 | -10.0% | Jul 23, 2026 |
| Truist Financial | Analyst unavailable | $183 | $160.36 | -0.2% | Jul 21, 2026 |
| Robert W. Baird | Shrenik Kothari | $120 | $160.36 | -34.5% | Jul 21, 2026 |
| Morgan Stanley | Meta Marshall | $133 | $160.36 | -27.5% | Jul 21, 2026 |
| Wells Fargo | Analyst unavailable | $120 | $161.61 | -34.5% | Jul 20, 2026 |
| RBC Capital | Analyst unavailable | $160 | $161.69 | -12.7% | Jul 16, 2026 |
| Mizuho Securities | Analyst unavailable | $125 | $166.83 | -31.8% | Jul 15, 2026 |
| Barclays | Analyst unavailable | $170 | $157.51 | -7.3% | Jul 13, 2026 |
| BTIG | Gray Powell | $186 | $163.73 | +1.5% | Jul 10, 2026 |
| HSBC | Analyst unavailable | $102 | $155.42 | -44.4% | Jun 29, 2026 |
| Barclays | Analyst unavailable | $155 | $145.06 | -15.5% | Jun 12, 2026 |
| Susquehanna | Shyam Patil | $115 | $111.96 | -37.3% | May 8, 2026 |
| RBC Capital | Analyst unavailable | $107 | $110.97 | -41.6% | May 7, 2026 |
| Morgan Stanley | Analyst unavailable | $80 | $110.83 | -56.4% | May 7, 2026 |
| Deutsche Bank | Analyst unavailable | $100 | $111.44 | -45.5% | May 7, 2026 |
| Truist Financial | Analyst unavailable | $120 | $111.29 | -34.5% | May 7, 2026 |
| Robert W. Baird | Shrenik Kothari | $115 | $89.95 | -37.3% | May 7, 2026 |
| Wells Fargo | Analyst unavailable | $70 | $89.95 | -61.8% | May 7, 2026 |
| Stephens | Analyst unavailable | $115 | $89.95 | -37.3% | May 7, 2026 |
| BTIG | Gray Powell | $125 | $89.95 | -31.8% | May 7, 2026 |
| Barclays | Analyst unavailable | $115 | $89.95 | -37.3% | May 7, 2026 |
| Compass Point | Analyst unavailable | $100 | $88.34 | -45.5% | May 4, 2026 |
| Arete Research | Ellie Kearney | $104 | $84.35 | -43.3% | Apr 27, 2026 |
| Stifel Nicolaus | Analyst unavailable | $85 | $83.1 | -53.6% | Mar 11, 2026 |
| BMO Capital | Analyst unavailable | $95 | $82.76 | -48.2% | Feb 9, 2026 |
| Robert W. Baird | Analyst unavailable | $90 | $81.46 | -50.9% | Feb 6, 2026 |
| RBC Capital | Dan Bergstrom | $90 | $81.61 | -50.9% | Feb 6, 2026 |
| Bernstein | Analyst unavailable | $83 | $81.83 | -54.7% | Feb 6, 2026 |
| Evercore ISI | Peter Levine | $80 | $80.89 | -56.4% | Feb 6, 2026 |
| Mizuho Securities | Analyst unavailable | $74 | $78.93 | -59.6% | Feb 6, 2026 |
| UBS | Analyst unavailable | $90 | $78.93 | -50.9% | Feb 6, 2026 |
| Jefferies | Joseph Gallo | $90 | $78.93 | -50.9% | Feb 6, 2026 |
| Barclays | Saket Kalia | $88 | $81.29 | -52.0% | Feb 3, 2026 |
| Scotiabank | Analyst unavailable | $85 | $81.26 | -53.6% | Feb 2, 2026 |
| Jefferies | Joseph Gallo | $80 | $81.51 | -56.4% | Jan 30, 2026 |
| Truist Financial | Analyst unavailable | $88 | $75.1 | -52.0% | Jan 20, 2026 |
| Piper Sandler | Rob Owens | $90 | $77.88 | -50.9% | Jan 5, 2026 |
| Morgan Stanley | Analyst unavailable | $70 | $79.38 | -61.8% | Dec 18, 2025 |
| Cantor Fitzgerald | Jonathan Ruykhaver | $87 | $78.92 | -52.5% | Nov 24, 2025 |
| Morgan Stanley | Meta Marshall | $67 | $76.92 | -63.5% | Sep 2, 2025 |
| Morgan Stanley | Keith Weiss | $78 | $96.58 | -57.5% | Aug 7, 2025 |
| Barclays | Saket Kalia | $110 | $99.06 | -40.0% | Jul 14, 2025 |
| Roth Capital | Analyst unavailable | $103 | $94.37 | -43.8% | Apr 22, 2025 |
| UBS | Analyst unavailable | $123 | $95.47 | -32.9% | Mar 18, 2025 |
| KeyBanc | Eric Heath | $115 | $97.13 | -37.3% | Dec 19, 2024 |
| Stifel Nicolaus | Adam Borg | $103 | $93.36 | -43.8% | Dec 18, 2024 |
| Rosenblatt Securities | Catherine Trebnick | $100 | $69.69 | -45.5% | Nov 19, 2024 |
| HSBC | Stephen Bersey | $111 | $97.18 | -39.5% | Nov 11, 2024 |
| BMO Capital | Keith Bachman | $88 | $78.18 | -52.0% | Nov 8, 2024 |
| Barclays | Saket Kalia | $85 | $78.84 | -53.6% | Nov 4, 2024 |
| Rosenblatt Securities | Catherine Trebnick | $85 | $78.74 | -53.6% | Oct 31, 2024 |
| Truist Financial | Junaid Siddiqui | $85 | $80.7 | -53.6% | Oct 23, 2024 |
| Mizuho Securities | Gregg Moskowitz | $68 | $82.12 | -62.9% | Oct 17, 2024 |
| HSBC | Stephen Bersey | $83 | $77.66 | -54.7% | Sep 23, 2024 |
| CFRA | Janice Quek | $84 | $75.08 | -54.2% | Sep 13, 2024 |
| Citigroup | Fatima Boolani | $76 | $74.49 | -58.5% | Sep 13, 2024 |
| Robert W. Baird | Shrenik Kothari | $80 | $68.26 | -56.4% | Aug 7, 2024 |
| BMO Capital | Keith Bachman | $76 | $69.93 | -58.5% | Aug 7, 2024 |
| Wells Fargo | Andrew Nowinski | $64 | $55.81 | -65.1% | Aug 7, 2024 |
| HSBC | Stephen Bersey | $59 | $69.93 | -67.8% | Aug 7, 2024 |
| Rosenblatt Securities | Catherine Trebnick | $68 | $55.44 | -62.9% | Aug 5, 2024 |
| Citigroup | Fatima Boolani | $65 | $57.39 | -64.5% | Jul 30, 2024 |
| Morgan Stanley | Hamza Fodderwala | $69 | $58.92 | -62.4% | Jul 17, 2024 |
| Scotiabank | Patrick Colville | $80 | $59.65 | -56.4% | Jun 11, 2024 |
| Evercore ISI | Peter Levine | $67 | $60.09 | -63.5% | Jun 10, 2024 |
| Piper Sandler | Rob Owens | $70 | $59.83 | -61.8% | May 3, 2024 |
| Truist Financial | Junaid Siddiqui | $70 | $61.43 | -61.8% | May 3, 2024 |
| HSBC | Stephen Bersey | $54 | $65.2 | -70.5% | May 3, 2024 |
| UBS | Fatima Boolani | $69 | $65.2 | -62.4% | May 3, 2024 |
| Cantor Fitzgerald | Yi Fu Lee | $55 | $65.2 | -70.0% | May 3, 2024 |
| Mizuho Securities | Gregg Moskowitz | $66 | $65.2 | -64.0% | May 3, 2024 |
| RBC Capital | Dan Bergstrom | $68 | $65.2 | -62.9% | May 3, 2024 |
| Barclays | Saket Kalia | $75 | $65.2 | -59.1% | May 3, 2024 |
| Robert W. Baird | Shrenik Kothari | $81 | $69.48 | -55.8% | Feb 7, 2024 |
| Guggenheim | Raymond McDonough | $62 | $47.75 | -66.2% | Nov 3, 2023 |
| Guggenheim | Raymond McDonough | $70 | $56.77 | -61.8% | Aug 7, 2023 |
| Loop Capital Markets | Analyst unavailable | $66 | $51.99 | -64.0% | Feb 7, 2023 |
| BMO Capital | Analyst unavailable | $57 | $53.09 | -68.9% | Feb 2, 2023 |
| Morgan Stanley | Analyst unavailable | $71 | $48.98 | -61.3% | Dec 22, 2022 |
| Morgan Stanley | Hamza Fodderwala | $66 | $45.93 | -64.0% | Nov 3, 2022 |
| SMBC Nikko | Carson Sippel | $70 | $53.74 | -61.8% | Oct 6, 2022 |
| MKM Partners | Catharine Trebnick | $70 | $50.42 | -61.8% | Sep 16, 2022 |
| Deutsche Bank | Brad Zelnick | $63 | $51.93 | -65.6% | Aug 17, 2022 |
| BMO Capital | Keith Bachman | $68 | $52.53 | -62.9% | Aug 4, 2022 |
| BMO Capital | Keith Bachman | $70 | $57.37 | -61.8% | Jul 5, 2022 |
| KeyBanc | Michael Turits | $70.6 | $56.31 | -61.5% | May 15, 2022 |
| Deutsche Bank | Patrick Colville | $60 | $52.19 | -67.3% | May 12, 2022 |
| Citigroup | Fatima Boolani | $81 | $61.73 | -55.8% | Apr 29, 2022 |
| Goldman Sachs | Brian Essex | $78 | $66.35 | -57.5% | Apr 17, 2022 |
| Barclays | Saket Kalia | $79 | $67.8 | -56.9% | Apr 3, 2022 |
| Deutsche Bank | Patrick Colville | $50 | $66.55 | -72.7% | Mar 26, 2022 |
| Wedbush | Daniel Ives | $70 | $62.87 | -61.8% | Feb 6, 2022 |
| Evercore ISI | Irvin Liu | $76 | $62.87 | -58.5% | Feb 4, 2022 |
| Morgan Stanley | Hamza Fodderwala | $63 | $62.87 | -65.6% | Feb 4, 2022 |
| Raymond James | Adam Tindle | $70 | $62.87 | -61.8% | Feb 4, 2022 |
| Colliers Securities | Catharine Trebnick | $66 | $62.87 | -64.0% | Feb 4, 2022 |
| Wells Fargo | Andrew Nowinski | $72 | $59.4 | -60.7% | Feb 3, 2022 |
| Cowen & Co. | Shaul Eyal | $85 | $61.43 | -53.6% | Jan 19, 2022 |
| BTIG | Gray Powell | $78.2 | $68.27 | -57.3% | Nov 17, 2021 |
| Piper Sandler | Rob Owens | $70 | $68.24 | -61.8% | Nov 5, 2021 |
| FBN Securities | Shebly Seyrafi | $80 | $68.24 | -56.4% | Nov 5, 2021 |
| Oppenheimer | Ittai Kidron | $80 | $68.24 | -56.4% | Nov 5, 2021 |
| Goldman Sachs | Brian Essex | $76 | $68.24 | -58.5% | Nov 5, 2021 |
| KeyBanc | Michael Turits | $74 | $66.38 | -59.6% | Oct 25, 2021 |
| Stifel Nicolaus | Adam Borg | $71 | $59.92 | -61.3% | Sep 21, 2021 |
Track every rating change on FTNT the moment it posts. Free to start.
Start freeGet the FTNT recap when the next report posts
One email per quarter with the scorecard, the market reaction and what changed on the call. No account needed.