Fortinet (FTNT)
(Delayed Data from NSDQ)
$81.07 USD
+0.21 (0.26%)
Updated Oct 18, 2024 03:59 PM ET
After-Market: $81.10 +0.03 (0.04%) 7:58 PM ET
2-Buy of 5 2
F Value C Growth C Momentum D VGM
Fortinet (FTNT) Price Targets
Average Price Target | Highest Price Target | Lowest Price Target | Downside to Average Price Target |
---|---|---|---|
$74.71 | $90.00 | $64.00 | -7.61% |
Price Target
Based on short-term price targets offered by 31 analysts, the average price target for Fortinet comes to $74.71. The forecasts range from a low of $64.00 to a high of $90.00. The average price target represents a decline of 7.61% from the last closing price of $80.86.
Analyst Price Targets (31)
Broker Rating
Fortinet currently has an average brokerage recommendation (ABR) of 2.39 on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell etc.) made by 38 brokerage firms. The current ABR compares to an ABR of 2.32 a month ago based on 37 recommendations.
Of the 38 recommendations deriving the current ABR, 12 are Strong Buy and one is Buy. Strong Buy and Buy respectively account for 31.58% and 2.63% of all recommendations. A month ago, Strong Buy made up 32.43%, while Buy represented 2.7%.
Broker Rating Breakdown
Brokerage Recommendations
Today | 1 Week Ago | 1 Month Ago | 2 Months Ago | 3 Months Ago | |
---|---|---|---|---|---|
Strong Buy | 12 | 12 | 12 | 12 | 12 |
Buy | 1 | 1 | 1 | 1 | 2 |
Hold | 24 | 25 | 24 | 24 | 22 |
Sell | 0 | 0 | 0 | 0 | 1 |
Strong Sell | 1 | 0 | 0 | 0 | 0 |
ABR | 2.39 | 2.34 | 2.32 | 2.32 | 2.32 |
1. Not Ident. Many of the brokerage firms who provide Zacks data ask that we keep their identity confidential.
2. In most cases the # of brokers listed above is less than the # of brokerage firms that have a recommendation on the stock. That is because some firms prohibit Zacks from displaying detailed information on their recommendations such as in the upgrade/downgrade table.
Analyst Upgrades/Downgrades
Date | Brokerage Firm | Analyst | Previous | Current |
---|---|---|---|---|
10/17/2024 | Mizuho SecuritiesUSA | Gregg Moskowitz | Hold | Strong Sell |
10/13/2024 | KeyBanc Capital Markets | Eric Heath | Hold | Hold |
9/9/2024 | BTIG | Gray Powell | Hold | Hold |
8/14/2024 | Daiwa America | Shigemichi Yoshizu | Moderate Buy | Strong Buy |
8/8/2024 | Susquehanna Financial Group | Shyam V Patil | Hold | Hold |
8/7/2024 | Piper Sandler | Rob D Owens | Hold | Hold |
8/7/2024 | Robert W. Baird & Co. | Shrenik Kothari | Strong Buy | Strong Buy |
8/7/2024 | Wedbush Securities | Daniel H Ives | Strong Buy | Strong Buy |
8/7/2024 | Goldman Sachs | Gabriela Borges | Strong Buy | Strong Buy |
8/7/2024 | UBS | Roger Boyd | Hold | Hold |
8/7/2024 | Not Identified | Not Identified | Hold | Hold |
8/7/2024 | Evercore Partners | Amit Daryanani | Hold | Hold |
8/7/2024 | Needham & Company | Bruce A Henderson | Hold | Hold |
8/7/2024 | Not Identified | Not Identified | Hold | Hold |
8/7/2024 | Not Identified | Not Identified | Moderate Sell | Hold |
8/7/2024 | Not Identified | Not Identified | Hold | Hold |
8/7/2024 | Scotiabank | Patrick Colville | Strong Buy | Strong Buy |
8/7/2024 | BMO Capital Markets | Keith Bachman | Hold | Hold |
8/7/2024 | Wells Fargo Securities | Andrew J Nowinski | Hold | Hold |
8/6/2024 | Raymond James | Adam Tindle | Moderate Buy | Moderate Buy |
8/6/2024 | Not Identified | Not Identified | Hold | Hold |
8/6/2024 | Not Identified | Not Identified | Hold | Hold |
8/5/2024 | Rosenblatt Securities | Catharine Trebnick | Strong Buy | Strong Buy |
7/30/2024 | Not Identified | Not Identified | Hold | Hold |
7/29/2024 | Guggenheim Securities | John S Difucci | Not Available | Hold |
7/18/2024 | Cowen & Co. | Shaul Eyal | Hold | Strong Buy |
7/1/2024 | Not Identified | Not Identified | Strong Buy | Strong Buy |
6/10/2024 | William Blair | Jonathan F Ho | Hold | Hold |
5/3/2024 | Truist Securities | Junaid Siddiqui | Strong Buy | Strong Buy |
5/2/2024 | Capital One Securities | Connor Murphy | Hold | Hold |
4/18/2024 | Not Identified | Not Identified | Hold | Hold |
4/17/2024 | Cantor Fitzgerald & Co | Yi F Lee | Hold | Hold |
2/6/2024 | FBN Securities | Shebly Seyrafi | Not Available | Strong Buy |
1. Not Ident. Many of the brokerage firms who provide Zacks data ask that we keep their identity confidential.
2. In most cases the # of brokers listed above is less than the # of brokerage firms that have a recommendation on the stock. That is because some firms prohibit Zacks from displaying detailed information on their recommendations such as in the upgrade/downgrade table.
Average Brokerage Rating
Current ABR | 2.39 |
ABR (Last week) | 2.34 |
# of Recs in ABR | 38 |
Average Target Price | $74.71 |
LT Growth Rate | 16.30% |
Industry | Internet - Software |
Industry Rank by ABR | 64 of 252 |
Current Quarter EPS Est: | 0.51 |
FTNT FAQs
Fortinet, Inc. (FTNT) currently has an average brokerage recommendation (ABR) of 2.39 on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell etc.) made by 38 brokerage firms.
The average price target for Fortinet, Inc. (FTNT) is $74.71. The current on short-term price targets is based on 16 reports.
The forecasts for Fortinet, Inc. (FTNT) range from a low of $64 to a high of $90. The average price target represents a decline of $7.85 from the last closing price of $81.07.
The current DOWNSIDE for Fortinet, Inc. (FTNT) is 7.85%
Based on short-term price targets offered by 31 analysts, the average price target for Fortinet comes to $74.71. The forecasts range from a low of $64.00 to a high of $90.00. The average price target represents a decline of 7.61% from the last closing price of $80.86.