Fortinet (FTNT)
(Real Time Quote from BATS)
$63.08 USD
-2.37 (-3.62%)
Updated Apr 25, 2024 09:52 AM ET
3-Hold of 5 3
D Value C Growth B Momentum D VGM
Fortinet (FTNT) Price Targets
Average Price Target | Highest Price Target | Lowest Price Target | Upside to Average Price Target |
---|---|---|---|
$74.28 | $90.00 | $50.00 | 13.49% |
Price Target
Based on short-term price targets offered by 32 analysts, the average price target for Fortinet comes to $74.28. The forecasts range from a low of $50.00 to a high of $90.00. The average price target represents an increase of 13.49% from the last closing price of $65.45.
Analyst Price Targets (32)
Broker Rating
Fortinet currently has an average brokerage recommendation (ABR) of 2.38 on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell etc.) made by 37 brokerage firms. The current ABR compares to an ABR of 2.42 a month ago based on 36 recommendations.
Of the 37 recommendations deriving the current ABR, 11 are Strong Buy and two are Buy. Strong Buy and Buy respectively account for 29.73% and 5.41% of all recommendations. A month ago, Strong Buy made up 27.78%, while Buy represented 5.56%.
Broker Rating Breakdown
Brokerage Recommendations
Today | 1 Week Ago | 1 Month Ago | 2 Months Ago | 3 Months Ago | |
---|---|---|---|---|---|
Strong Buy | 11 | 11 | 10 | 10 | 10 |
Buy | 2 | 2 | 2 | 2 | 2 |
Hold | 23 | 23 | 23 | 23 | 24 |
Sell | 1 | 1 | 1 | 1 | 0 |
Strong Sell | 0 | 0 | 0 | 0 | 0 |
ABR | 2.38 | 2.38 | 2.42 | 2.42 | 2.39 |
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 |
---|---|---|---|---|
4/17/2024 | Cantor Fitzgerald & Co | Yi F Lee | Hold | Hold |
4/5/2024 | Needham & Company | Bruce A Henderson | Hold | Hold |
4/3/2024 | Susquehanna Financial Group | Shyam V Patil | Hold | Hold |
4/3/2024 | Piper Sandler | Rob D Owens | Hold | Hold |
4/3/2024 | Rosenblatt Securities | Catharine Trebnick | Strong Buy | Strong Buy |
2/21/2024 | Not Identified | Not Identified | Strong Buy | Strong Buy |
2/8/2024 | Truist Securities | Junaid Siddiqui | Strong Buy | Strong Buy |
2/8/2024 | Scotiabank | Patrick Colville | Strong Buy | Strong Buy |
2/7/2024 | KeyBanc Capital Markets | Eric Heath | Hold | Hold |
2/7/2024 | Mizuho SecuritiesUSA | Gregg Moskowitz | Hold | Hold |
2/7/2024 | BMO Capital Markets | Keith Bachman | Hold | Hold |
2/7/2024 | Wedbush Securities | Daniel H Ives | Strong Buy | Strong Buy |
2/6/2024 | FBN Securities | Shebly Seyrafi | Not Available | Strong Buy |
2/6/2024 | Evercore Partners | Irvin Jyhhaw Liu | Hold | Hold |
2/6/2024 | Raymond James | Adam Tindle | Moderate Buy | Moderate Buy |
1/17/2024 | Daiwa America | Shigemichi Yoshizu | Strong Buy | Moderate Buy |
1/16/2024 | Capital One Securities | Connor Murphy | Strong Buy | Hold |
12/31/2023 | BTIG | Gray Powell | Hold | Hold |
11/4/2023 | William Blair | Jonathan F Ho | Hold | Hold |
8/7/2023 | Guggenheim Securities | Raymond Mcdonough | Hold | Strong Buy |
8/4/2023 | Robert W. Baird & Co. | Shrenik Kothari | Strong Buy | 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 | 2.38 |
ABR (Last week) | 2.38 |
# of Recs in ABR | 37 |
Average Target Price | $74.28 |
LT Growth Rate | 16.20% |
Industry | Internet - Software |
Industry Rank by ABR | 57 of 252 |
Current Quarter EPS Est: | 0.38 |