Fortinet (NASDAQ:FTNT) Stock Price Expected to Rise, BTIG Research Analyst Says

Posted by Francis Steltz on Jul 10th, 2026

Fortinet (NASDAQ:FTNT – Get Free Report) had its target price boosted by BTIG Research from $150.00 to $186.00 in a report issued on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the software maker’s stock. BTIG Research’s price objective would suggest a potential upside of 13.60% from the stock’s current price.

A number of other equities analysts also recently weighed in on the company. Weiss Ratings raised Fortinet from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, June 11th. Scotiabank boosted their price target on Fortinet from $85.00 to $110.00 and gave the stock a “sector perform” rating in a research report on Thursday, May 7th. Cantor Fitzgerald reissued a “neutral” rating and issued a $87.00 price objective on shares of Fortinet in a research report on Tuesday, April 21st. BMO Capital Markets lifted their price target on Fortinet from $95.00 to $100.00 and gave the stock a “market perform” rating in a report on Monday, May 4th. Finally, DZ Bank cut shares of Fortinet from a “buy” rating to a “hold” rating and set a $125.00 price objective for the company. in a research note on Tuesday, May 19th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, twenty-four have issued a Hold rating and five have given a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $108.74.

Read Our Latest Report on FTNT

Fortinet Stock Up 4.5%

NASDAQ:FTNT opened at $163.73 on Friday. Fortinet has a 1 year low of $70.12 and a 1 year high of $164.01. The company has a current ratio of 1.15, a quick ratio of 1.07 and a debt-to-equity ratio of 0.50. The stock has a market cap of $119.96 billion, a price-to-earnings ratio of 63.22, a PEG ratio of 4.26 and a beta of 1.09. The stock has a 50-day moving average price of $136.31 and a two-hundred day moving average price of $100.55.

Fortinet (NASDAQ:FTNT – Get Free Report) last issued its quarterly earnings data on Wednesday, May 6th. The software maker reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.20. The business had revenue of $1.85 billion during the quarter, compared to analyst estimates of $1.73 billion. Fortinet had a return on equity of 160.08% and a net margin of 27.49%.Fortinet’s quarterly revenue was up 20.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.58 EPS. Fortinet has set its Q2 2026 guidance at 0.720-0.760 EPS and its FY 2026 guidance at 3.100-3.160 EPS. As a group, equities analysts expect that Fortinet will post 2.8 earnings per share for the current year.

Insider Activity

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

Institutional Trading of Fortinet

Institutional investors have recently modified their holdings of the business. State Street Corp boosted its holdings in Fortinet by 1.6% in the third quarter. State Street Corp now owns 29,660,558 shares of the software maker’s stock valued at $2,493,860,000 after acquiring an additional 477,397 shares during the last quarter. Norges Bank bought a new stake in shares of Fortinet during the fourth quarter valued at approximately $1,152,917,000. Bank of New York Mellon Corp increased its stake in Fortinet by 6.6% during the 4th quarter. Bank of New York Mellon Corp now owns 14,504,597 shares of the software maker’s stock valued at $1,151,810,000 after purchasing an additional 893,190 shares in the last quarter. First Trust Advisors LP increased its position in shares of Fortinet by 45.5% during the first quarter. First Trust Advisors LP now owns 11,506,173 shares of the software maker’s stock worth $940,284,000 after acquiring an additional 3,598,487 shares in the last quarter. Finally, Invesco Ltd. increased its holdings in Fortinet by 17.0% during the 3rd quarter. Invesco Ltd. now owns 10,816,519 shares of the software maker’s stock worth $909,453,000 after purchasing an additional 1,568,337 shares in the last quarter. Institutional investors own 83.71% of the company’s stock.

About Fortinet

(Get Free Report)

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.