Fortinet (FTNT) price target — analyst by analyst

Fortinet · Information Technology · ref. ETF XLK · price $172.78
Logo FortinetSee the full Fortinet (FTNT) profile
By Rédaction JPI Invest · updated
In short — 26 price targets published on Fortinet over 90 days: 7 bullish, 4 bearish (27% positive), median target $170. The highest-ranked firm to weigh in is Rosenblatt (rank 5, 68.1% hit rate). For each call below we show the firm's real track record — not just its opinion.

The last 26 analyst calls on FTNT

Newest first. The "verdict" is our read on the firm, based on its past calls replayed against actual prices.

Neutral
Susquehanna · Neutral · target $160 (-1% vs price that day)
Our verdict — Susquehanna ranks #23 of 64 in our leaderboard: 61.9% hit rate across all stocks, 24.3% average gain per call, +6 pts vs its sector.
Neutral
Citigroup · Neutral · target $185 (+14% vs price that day)
Our verdict — Citigroup ranks #24 of 64 in our leaderboard: 27.3% hit rate on Fortinet (11 scored calls on this stock), 20.1% average gain per call, +5 pts vs its sector.
Neutral
Piper Sandler · Neutral · target $175 (+8% vs price that day)
Our verdict — Piper Sandler ranks #26 of 64 in our leaderboard: 60% hit rate on Fortinet (5 scored calls on this stock), 19.9% average gain per call, +5 pts vs its sector.
Neutral
RBC Capital · Sector Perform · target $185 (+14% vs price that day)
Our verdict — RBC Capital ranks #62 of 64 in our leaderboard: 61.2% hit rate across all stocks, 9% average gain per call, -2 pts vs its sector.
Neutral
Morgan Stanley · Equal-Weight · target $136 (-16% vs price that day)
Our verdict — Morgan Stanley ranks #49 of 64 in our leaderboard: 66.7% hit rate on Fortinet (18 scored calls on this stock), 12.2% average gain per call, +3 pts vs its sector.
Neutral
Stifel · Hold · target $175 (+8% vs price that day)
Our verdict — Stifel ranks #20 of 64 in our leaderboard: 75% hit rate on Fortinet (4 scored calls on this stock), 21.6% average gain per call, +6 pts vs its sector.
Bearish
Wells Fargo · Underweight · target $135 (-17% vs price that day)
Our verdict — Wells Fargo ranks #47 of 64 in our leaderboard: 30% hit rate on Fortinet (10 scored calls on this stock), 14.5% average gain per call, +3 pts vs its sector.
Neutral
Evercore ISI Group · In-Line · target $165 (+2% vs price that day)
Our verdict — Evercore ISI Group ranks #41 of 64 in our leaderboard: 62.5% hit rate across all stocks, 15.1% average gain per call, +4 pts vs its sector.
Neutral
Cantor Fitzgerald · Neutral · target $185 (+20% vs price that day)
Our verdict — Cantor Fitzgerald ranks #11 of 64 in our leaderboard: 33.3% hit rate on Fortinet (3 scored calls on this stock), 37.1% average gain per call, +12 pts vs its sector.
Bullish
Rosenblatt · Buy · target $195 (+26% vs price that day)
Our verdict — Rosenblatt ranks #5 of 64 in our leaderboard: 65% hit rate on Fortinet (20 scored calls on this stock), 40.4% average gain per call, +13 pts vs its sector.
Neutral
Barclays · Equal-Weight · target $190 (+23% vs price that day)
Our verdict — Barclays ranks #52 of 64 in our leaderboard: 50% hit rate on Fortinet (10 scored calls on this stock), 10.6% average gain per call, +2 pts vs its sector.
Bullish
BTIG · Buy · target $203 (+32% vs price that day)
Our verdict — BTIG ranks #8 of 64 in our leaderboard: 100% hit rate on Fortinet (5 scored calls on this stock), 23.4% average gain per call, +12 pts vs its sector.
Neutral
Evercore ISI Group · In-Line · target $150 (-2% vs price that day)
Our verdict — Evercore ISI Group ranks #41 of 64 in our leaderboard: 62.5% hit rate across all stocks, 15.1% average gain per call, +4 pts vs its sector.
Neutral
Cantor Fitzgerald · Neutral · target $165 (+8% vs price that day)
Our verdict — Cantor Fitzgerald ranks #11 of 64 in our leaderboard: 33.3% hit rate on Fortinet (3 scored calls on this stock), 37.1% average gain per call, +12 pts vs its sector.
Neutral
Citigroup · Neutral · target $165 (+9% vs price that day)
Our verdict — Citigroup ranks #24 of 64 in our leaderboard: 27.3% hit rate on Fortinet (11 scored calls on this stock), 20.1% average gain per call, +5 pts vs its sector.
Bullish
Truist Securities · Buy · target $183 (+18% vs price that day)
Our verdict — Truist Securities ranks #51 of 64 in our leaderboard: 57.1% hit rate on Fortinet (7 scored calls on this stock), 14.6% average gain per call, +3 pts vs its sector.
Neutral
Morgan Stanley · Equal-Weight · target $133 (-16% vs price that day)
Our verdict — Morgan Stanley ranks #49 of 64 in our leaderboard: 66.7% hit rate on Fortinet (18 scored calls on this stock), 12.2% average gain per call, +3 pts vs its sector.
Bearish
Wells Fargo · Underweight · target $120 (-25% vs price that day)
Our verdict — Wells Fargo ranks #47 of 64 in our leaderboard: 30% hit rate on Fortinet (10 scored calls on this stock), 14.5% average gain per call, +3 pts vs its sector.
Bearish
Mizuho · Underperform · target $125 (-22% vs price that day)
Our verdict — Mizuho ranks #36 of 64 in our leaderboard: 57.1% hit rate on Fortinet (7 scored calls on this stock), 18.4% average gain per call, +4 pts vs its sector.
Bullish
TD Cowen · Buy · target $215 (+29% vs price that day)
Our verdict — TD Cowen ranks #60 of 64 in our leaderboard: 50% hit rate on Fortinet (4 scored calls on this stock), 14% average gain per call, 0 pts vs its sector.
Neutral
Barclays · Equal-Weight · target $170 (+6% vs price that day)
Our verdict — Barclays ranks #52 of 64 in our leaderboard: 50% hit rate on Fortinet (10 scored calls on this stock), 10.6% average gain per call, +2 pts vs its sector.
Bullish
BTIG · Buy · target $186 (+18% vs price that day)
Our verdict — BTIG ranks #8 of 64 in our leaderboard: 100% hit rate on Fortinet (5 scored calls on this stock), 23.4% average gain per call, +12 pts vs its sector.
Bearish
HSBC · Reduce · target $0
Our verdict — HSBC ranks #19 of 64 in our leaderboard: 25% hit rate on Fortinet (4 scored calls on this stock), 16.2% average gain per call, +7 pts vs its sector.
Neutral
Barclays · Equal-Weight · target $155 (+6% vs price that day)
Our verdict — Barclays ranks #52 of 64 in our leaderboard: 50% hit rate on Fortinet (10 scored calls on this stock), 10.6% average gain per call, +2 pts vs its sector.
Bullish
B of A Securities · Buy · target $180 (+30% vs price that day)
Our verdict — B of A Securities ranks #31 of 64 in our leaderboard: 77.8% hit rate on Fortinet (9 scored calls on this stock), 17.5% average gain per call, +5 pts vs its sector.
Bullish
TD Cowen · Buy · target $160 (+16% vs price that day)
Our verdict — TD Cowen ranks #60 of 64 in our leaderboard: 50% hit rate on Fortinet (4 scored calls on this stock), 14% average gain per call, 0 pts vs its sector.

⚠️ Price targets as published by the firms, timestamped at their publication date. The upside shown is vs the price on the day of the call, not today's price. Informational data, not investment advice.

Frequently asked questions

What are analysts saying about FTNT right now?

Over the last 90 days, 26 price targets were published on Fortinet: 7 bullish and 4 bearish (27% positive). The median target is $170. The latest call is from July 31, 2026.

Should you trust these price targets?

Not blindly — that's the point of this page: next to each call we show the firm's real track record — its rank among 64 tracked firms, its hit rate and its average gain per call. An ambitious target from a firm that is wrong 6 times out of 10 is not worth the same as one from a consistent firm.

Which firm covering FTNT is the most reliable?

Among the firms that published on Fortinet in the last 90 days, our highest-ranked is Rosenblatt (rank 5 of 64, 68.1% hit rate, 40.4% average gain per call).

Where does this data come from?

From analyst price targets, timestamped at publication then replayed against the actual price. Firm rankings come from our analyst leaderboard. Updated daily.

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