Fortinet, Inc. (NASDAQ:FTNT) Stock Has Consensus Price Target of $152.79

Posted by Brian Himes on Oct 4th, 2026

Shares of Fortinet, Inc. (NASDAQ:FTNT – Get Free Report) have been assigned an average recommendation of “Hold” from the thirty-six research firms that are covering the company, MarketBeat reports. Five research analysts have rated the stock with a sell recommendation, nineteen have issued a hold recommendation, ten have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year price objective among analysts that have covered the stock in the last year is $152.79.

Several equities research analysts have recently weighed in on the company. Wells Fargo & Company set a $135.00 target price on Fortinet and gave the stock an “underweight” rating in a research report on Thursday, July 30th. Robert W. Baird set a $165.00 target price on Fortinet in a research report on Thursday, July 30th. BTIG Research raised their price target on Fortinet from $186.00 to $203.00 and gave the stock a “buy” rating in a research note on Thursday, July 30th. Cantor Fitzgerald reaffirmed a “neutral” rating on shares of Fortinet in a research report on Monday, August 24th. Finally, Zacks Research raised Fortinet from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 14th.

View Our Latest Analysis on FTNT

Fortinet Price Performance

Fortinet stock opened at $180.95 on Thursday. The company has a current ratio of 1.28, a quick ratio of 1.19 and a debt-to-equity ratio of 0.32. The company has a fifty day simple moving average of $163.73 and a 200-day simple moving average of $135.49. The stock has a market cap of $132.76 billion, a P/E ratio of 63.71, a price-to-earnings-growth ratio of 3.40 and a beta of 1.03. Fortinet has a 12-month low of $73.55 and a 12-month high of $183.09.

Fortinet (NASDAQ:FTNT – Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The software maker reported $0.90 earnings per share for the quarter, beating analysts’ consensus estimates of $0.75 by $0.15. The company had revenue of $2.05 billion for the quarter, compared to analysts’ expectations of $1.89 billion. Fortinet had a return on equity of 191.54% and a net margin of 28.17%.Fortinet’s quarterly revenue was up 25.6% on a year-over-year basis. During the same period last year, the firm earned $0.64 earnings per share. Fortinet has set its FY 2026 guidance at 3.410-3.470 EPS and its Q3 2026 guidance at 0.830-0.870 EPS. Equities analysts expect that Fortinet will post 3.07 EPS for the current fiscal year.

Fortinet News Summary

Here are the key news stories impacting Fortinet this week:

Positive Sentiment: Billings growth supports bullish sentiment. Fortinet reportedly delivered 33% billings growth, helping drive the stock to a record high and contributing to a roughly 108% gain over the past year. The performance has prompted analysts to raise their price targets ahead of the October 28 earnings release. Cybersecurity Giant Fortinet Posts 33% Billings Growth Ahead of Q3 Report
Positive Sentiment: Strong long-term performance is attracting investor attention. Fortinet’s shares have approximately doubled in value over the last 12 months, reaching a peak near $182. The rally reflects sustained investor confidence in the cybersecurity company’s growth prospects. Fortinet Doubles in Value Over 12 Months
Neutral Sentiment: Third-quarter results are scheduled for October 28. Fortinet will release its third-quarter 2026 financial results and host a conference call at 1:30 p.m. Pacific time. The event gives investors a near-term catalyst to assess whether the reported billings momentum is translating into revenue, earnings and forward guidance. Fortinet to Announce Third Quarter 2026 Financial Results
Neutral Sentiment: Fortinet launched a Canadian cybersecurity-awareness campaign focused on phishing, deepfakes, AI-generated voices and social engineering. The initiative enhances brand visibility but is unlikely to have an immediate material financial effect. Fortinet Launches P.A.U.S.E. Campaign
Negative Sentiment: Valuation and target-price risks remain. Fortinet trades at an elevated earnings valuation after its rally, while one analyst consensus target cited in the coverage is $152.79—well below recent trading levels. This suggests some analysts view the stock as ahead of fundamentals and vulnerable to disappointing results or guidance.

Insider Transactions at Fortinet

In other news, COO John Whittle sold 53,865 shares of Fortinet stock in a transaction on Monday, September 14th. The shares were sold at an average price of $165.44, for a total value of $8,911,425.60. Following the transaction, the chief operating officer directly owned 96,987 shares of the company’s stock, valued at $16,045,529.28. The trade was a 35.71% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Michael Xie sold 3,121 shares of the company’s stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $162.63, for a total transaction of $507,568.23. Following the completion of the sale, the vice president owned 9,918,360 shares of the company’s stock, valued at approximately $1,613,022,886.80. This trade represents a 0.03% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 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 ninety days, insiders have sold 221,303 shares of company stock worth $36,164,034. Insiders own 17.60% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Elevation Wealth Partners LLC grew its position in Fortinet by 53.6% during the second quarter. Elevation Wealth Partners LLC now owns 215 shares of the software maker’s stock worth $33,000 after buying an additional 75 shares in the last quarter. Sigma Planning Corp raised its holdings in shares of Fortinet by 1.0% in the 2nd quarter. Sigma Planning Corp now owns 7,927 shares of the software maker’s stock valued at $1,218,000 after acquiring an additional 80 shares in the last quarter. Parrish Capital LLC boosted its position in shares of Fortinet by 1.3% during the 3rd quarter. Parrish Capital LLC now owns 6,374 shares of the software maker’s stock valued at $1,139,000 after acquiring an additional 82 shares during the last quarter. Cornerstone Financial Management LLC boosted its position in shares of Fortinet by 102.5% during the 2nd quarter. Cornerstone Financial Management LLC now owns 164 shares of the software maker’s stock valued at $25,000 after acquiring an additional 83 shares during the last quarter. Finally, Florida Financial Advisors LLC grew its holdings in shares of Fortinet by 3.0% during the first quarter. Florida Financial Advisors LLC now owns 3,780 shares of the software maker’s stock worth $309,000 after purchasing an additional 109 shares in the last quarter. 83.71% of the stock is currently owned by institutional investors and hedge funds.

About Fortinet

(Get Free Report)

Fortinet, Inc develops and provides cybersecurity products and services for businesses, governments, and service providers. The company’s portfolio is designed to protect networks, endpoints, applications, cloud environments, and operational technology from cyber threats.

Its offerings include FortiGate next-generation firewalls, FortiSwitch secure networking switches, FortiAP wireless access points, FortiClient endpoint security, and FortiSASE secure access service edge solutions. Fortinet also provides centralized management and analytics through products such as FortiManager and FortiAnalyzer, along with security operations, threat intelligence, and other subscription-based services through its FortiGuard portfolio.

Founded in 2000, Fortinet serves customers globally through direct sales, channel partners, and managed security service providers.