Fortinet Stock Forecast

Stock Price Forecast

The 30 analysts with 12-month price forecasts for Fortinet stock have an average target of 111.23, with a low estimate of 75 and a high estimate of 180. The average target predicts a decrease of -26.51% from the current stock price of 151.35.

Analyst Consensus: Hold

Target	Low	Average	Median	High
Price	$75	$111.23	$115	$180
Change	-50.45%	-26.51%	-24.02%	+18.93%

Analyst Ratings

The average analyst rating for Fortinet stock from 44 stock analysts is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.

Recommendation Trends

Rating	Jan '26	Feb '26	Mar '26	Apr '26	May '26	Jun '26
Strong Buy	10	9	9	9	10	10
Buy	2	1	1	1	0	1
Hold	27	29	29	29	29	28
Sell	1	1	1	1	1	2
Strong Sell	2	2	3	3	3	3
Total	42	42	43	43	43	44

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Richard Poland Wells Fargo	Wells Fargo	Sell Reiterates $45 → $125	Sell	Reiterates	$45 → $125	-17.41%	Jun 22, 2026
Saket Kalia Barclays	Barclays	Hold Maintains $115 → $155	Hold	Maintains	$115 → $155	+2.41%	Jun 12, 2026
Tal Liani Bank of America Securities	Bank of America Securities	Buy Reiterates $130 → $180	Buy	Reiterates	$130 → $180	+18.93%	Jun 8, 2026
Shaul Eyal TD Cowen	TD Cowen	Buy Reiterates $125 → $160	Buy	Reiterates	$125 → $160	+5.72%	Jun 8, 2026
Markus Leistner DZ BANK AG	DZ BANK AG	Hold Downgrades $125	Hold	Downgrades	$125	-17.41%	May 19, 2026

More Analyst Ratings

Financial Forecast

Revenue This Year

7.81B

from 6.80B

14.89%

from 6.80B

Revenue Next Year

8.64B

from 7.81B

10.59%

from 7.81B

EPS This Year

3.16

from 2.76

14.38%

from 2.76

EPS Next Year

3.43

from 3.16

8.52%

from 3.16

Fiscal Year	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027
Period Ending	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026	Dec 31, 2027
Revenue	3.34B	4.42B	5.30B	5.96B	6.80B	7.81B	8.64B
Revenue Growth	28.82%	32.17%	20.09%	12.27%	14.17%	14.89%	10.59%
EPS	0.73	1.06	1.46	2.26	2.42	2.78	3.02
EPS Growth	25.86%	45.21%	37.74%	54.80%	7.08%	14.72%	8.73%
Forward PE	-	-	-	-	-	54.52	50.14
No. Analysts	-	-	-	-	-	40	42

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2026	2027
High	8.0B	9.0B
Avg	7.8B	8.6B
Low	7.8B	8.3B

Revenue Growth

Revenue Growth	2026	2027
High	18.1%	15.4%
Avg	14.9%	10.6%
Low	14.2%	6.9%

EPS Forecast

EPS	2026	2027
High	3.37	3.93
Avg	3.16	3.43
Low	3.11	2.99

EPS Growth

EPS Growth	2026	2027
High	22.1%	24.5%
Avg	14.4%	8.5%
Low	12.7%	-5.3%

Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.