
Fortinet (FTNT) Stock Forecast & Price Target
Fortinet (FTNT) Analyst Ratings
Bulls say
Fortinet is a platform-based cybersecurity vendor with a strong consolidation strategy, high demand for its products, and an impressive product portfolio that covers a wide range of security solutions. With a solid customer base and consistently strong financial performance, the company is positioned for continued growth in the cybersecurity industry. Despite potential risks, such as supply chain challenges and peak demand for firewall refresh, Fortinet's strong fundamentals and positive outlook make it a promising investment opportunity.
Bears say
Fortinet is showing signs of decelerating demand according to checks, with only 53% of partners exceeding plan compared to 62% in the previous quarter. Despite strong fundamentals and a recent revenue beat, its valuation at 14.2x EV/Sales is significantly higher than the industry median of 5.6x. The positive outlook on AI-driven product demand is not enough to counteract these concerns, leading to a neutral rating and a price target of $165.
This aggregate rating is based on analysts' research of Fortinet and is not a guaranteed prediction by Public.com or investment advice.
Fortinet (FTNT) Analyst Forecast & Price Prediction
Start investing in Fortinet (FTNT)
Order type
Buy in
Order amount
Est. shares
0 shares