Fortinet Inc (FTNT) Stock Forecast & Predictions

Fortinet Inc FTNT: $288.65

899 Kifer Rd, Sunnyvale, California, US. | Sector: Information | Exchange: NASDAQ | Web: www.fortinet.com

  • Market Cap$47.19B
  • Change (52 Weeks)90.87%
  • Low (52 Weeks)$143.63
  • Fortinet Inc (FTNT) Stock Forecast By Analysts


    On Hold
    Analysts Recommendations for Fortinet Inc (FTNT) is based on 37 Institutional Analyst Ratings where 35.14% are on Strong Buy, 27.03% on Moderate Buy, 35.14% remains on Hold, 0.00% are on Moderate Sell and 2.70% are on Strong Sell.

    Out of 37 Institutional Analysts, majority recommended FTNT stock as On Hold. This means investors are recommended to hold their existing positions if any, otherwise, the recommendation is neither to buy nor sell at this stage. Since most investors and traders follow analyst ratings closely, this can be a potentially driving factor for the future stock price of Fortinet Inc.

    Fortinet Inc (FTNT) Stock Price Prediction By Analysts


    HighLowAverage
    $456.75$276.74$382.32
    $382.3232.45% Upside
    Updated: 2022-01-13 00:00:00

    The Average Price target for FTNT set by the institutional analysts is $382.32 where High Estimate is $456.75, Median $390.15000000000003 and Low $276.74.

    The average price target for FTNT by Institutional Analysts is $382.32, which is 32.45% Upside from the current price. So according to the Institutional Analysts, FTNT Stock might be a bit undervalued at this stage and there’s potential for upside.

    However, although Institutional Analysts set their price targets after extensive research, they’re not always correct. After all, the market is mostly driven by investors speculation and emotion than just concrete numbers.

    Fortinet Inc (FTNT) Stock Forecasts By Institutional Analysts


    Analyst
    Recommendation
    Action
    RBC CapitalSector PerformMaintained
    Raymond JamesOutperformMaintained
    OppenheimerOutperformMaintained
    MizuhoNeutralMaintained
    Goldman SachsBuyMaintained
    BarclaysEqual-WeightMaintained
    KeybancOverweightMaintained
    MizuhoNeutralMaintained
    BarclaysEqual-WeightMaintained
    Morgan StanleyEqual-WeightMaintained
    Wells FargoOverweightInitiated
    Cowen & Co.OutperformMaintained
    StifelBuyInitiated
    BMO CapitalMarket PerformMaintained
    WedbushOutperformMaintained
    WedbushOutperformMaintained
    Raymond JamesOutperformMaintained
    Morgan StanleyEqual-WeightMaintained
    MizuhoNeutralMaintained
    KeybancOverweightMaintained
    Deutsche BankHoldMaintained
    Cowen & Co.OutperformMaintained
    BMO CapitalMarket PerformMaintained
    KeybancOverweightMaintained
    BTIGBuyMaintained
    Raymond JamesOutperformMaintained
    MizuhoNeutralMaintained
    BarclaysEqual-WeightMaintained
    Deutsche BankHoldMaintained
    Piper SandlerNeutralMaintained
    Monness, Crespi, HardtNeutralDowngraded
    Cowen & Co.OutperformInitiated
    RBC CapitalSector PerformMaintained
    Raymond JamesOutperformMaintained
    Morgan StanleyEqual-WeightMaintained
    KeybancOverweightMaintained
    DA DavidsonBuyMaintained
    BMO CapitalMarket PerformMaintained
    KeybancOverweightMaintained
    BTIGBuyMaintained
    BarclaysEqual-WeightMaintained
    RBC CapitalSector PerformMaintained
    Raymond JamesOutperformMaintained
    Piper SandlerNeutralMaintained
    Morgan StanleyEqual-WeightMaintained
    Monness, Crespi, HardtBuyMaintained
    KeyBancOverweightMaintained
    DA DavidsonBuyMaintained
    BTIGBuyMaintained
    BMO CapitalMarket PerformMaintained
    BarclaysEqual-WeightMaintained
    Raymond JamesOutperformMaintained
    Morgan StanleyEqual-WeightMaintained
    MizuhoNeutralMaintained
    KeyBancOverweightUpgraded
    CitigroupSellMaintained
    BarclaysEqual-WeightMaintained
    BTIGBuyUpgraded
    Piper SandlerNeutralDowngraded
    JP MorganUnderweightDowngraded
    KeyBancSector WeightInitiated
    Morgan StanleyEqual-WeightMaintained
    Credit SuisseNeutralMaintained
    Goldman SachsBuyUpgraded
    Deutsche BankHoldInitiated
    CitigroupSellMaintained
    Credit SuisseNeutralMaintained
    Goldman SachsNeutralDowngraded
    Morgan StanleyEqual-WeightMaintained
    JP MorganNeutralDowngraded
    Piper SandlerOverweightMaintained
    WedbushOutperformMaintained
    OppenheimerOutperformMaintained
    OppenheimerOutperformMaintained
    CitigroupSellMaintained
    UBSNeutralMaintained
    Raymond JamesOutperformMaintained
    OppenheimerOutperformMaintained
    Morgan StanleyEqual-WeightMaintained
    MizuhoNeutralMaintained
    Credit SuisseNeutralMaintained
    BarclaysEqual-WeightMaintained
    BairdNeutralMaintained
    B of A SecuritiesBuyReiterated
    Cowen & Co.Market PerformMaintained
    Raymond JamesOutperformMaintained
    BTIGNeutralInitiated
    Morgan StanleyEqual-WeightMaintained
    Goldman SachsBuyMaintained
    DA DavidsonNeutralDowngraded
    CFRAHoldMaintained
    WedbushOutperformMaintained
    Morgan StanleyEqual-WeightMaintained
    Northland Capital MarketsOutperformMaintained
    BMO CapitalMarket PerformMaintained
    Raymond JamesOutperformUpgraded
    DA DavidsonBuyInitiated
    OppenheimerOutperformMaintained
    BairdNeutralMaintained
    RBC CapitalSector PerformMaintained
    Morgan StanleyEqual-WeightMaintained
    MizuhoNeutralMaintained
    Cowen & Co.Market PerformMaintained
    BarclaysEqual-WeightMaintained
    Bank of AmericaBuyReiterated
    Credit SuisseNeutralUpgraded
    Goldman SachsBuyInitiated
    PiperJaffrayOverweightInitiated
    Morgan StanleyEqual-WeightMaintained
    MizuhoNeutralMaintained
    JP MorganOverweightMaintained
    Deutsche BankHoldMaintained
    CitigroupSellMaintained
    Morgan StanleyEqual-WeightMaintained
    CitiSellMaintained
    Bank of AmericaBuyUpgraded
    JP MorganOverweightUpgraded
    Morgan StanleyEqual-WeightMaintained
    Cowen & Co.Market PerformInitiated
    CitigroupSellDowngraded
    Stifel NicolausHoldMaintained
    MizuhoNeutralInitiated
    First AnalysisOutperformUpgraded
    BMO CapitalMarket PerformDowngraded
    Goldman SachsSellDowngraded
    GuggenheimNeutralInitiated
    Raymond JamesOutperformUpgraded
    JP MorganNeutralMaintained
    CitigroupNeutralMaintained
    BMO CapitalOutperformMaintained
    WedbushOutperformInitiated
    Bank of AmericaNeutralDowngraded
    UBSNeutralDowngraded
    Morgan StanleyEqual-WeightMaintained
    SusquehannaNeutralMaintained
    Stifel NicolausHoldMaintained
    Credit SuisseUnderperformMaintained
    CitigroupNeutralMaintained
    BMO CapitalOutperformMaintained
    BarclaysEqual-WeightMaintained
    Bank of AmericaBuyMaintained
    Cowen & Co.Market PerformDowngraded
    Bank of AmericaBuyMaintained
    UBSBuyMaintained
    Stifel NicolausHoldMaintained
    Morgan StanleyEqual-WeightMaintained
    Deutsche BankHoldMaintained
    Credit SuisseUnderperformMaintained
    BMO CapitalOutperformMaintained
    Bank of AmericaBuyMaintained
    CitigroupNeutralMaintained
    Morgan StanleyEqual-WeightDowngraded
    UBSBuyMaintained
    KeyBancSector WeightDowngraded
    Stifel NicolausHoldMaintained
    Morgan StanleyOverweightMaintained
    Credit SuisseUnderperformMaintained
    CitigroupNeutralMaintained
    BMO CapitalOutperformMaintained
    BarclaysEqual-WeightMaintained
    Bank of AmericaBuyMaintained
    Raymond JamesMarket PerformDowngraded
    JMP SecuritiesMarket OutperformMaintained
    Deutsche BankHoldDowngraded
    BarclaysEqual-WeightDowngraded
    JP MorganNeutralDowngraded
    UBSBuyMaintained
    BMO CapitalOutperformMaintained
    Deutsche BankBuyUpgraded
    SusquehannaNeutralInitiated
    BMO CapitalOutperformUpgraded
    BairdOutperformUpgraded
    PiperJaffrayOverweightUpgraded
    BMO CapitalMarket PerformInitiated
    Morgan StanleyOverweightUpgraded
    UBSBuyMaintained
    OppenheimerOutperformMaintained
    NomuraBuyMaintained
    Morgan StanleyEqual-WeightDowngraded
    JMP SecuritiesMarket OutperformMaintained
    Goldman SachsBuyMaintained
    CitigroupNeutralMaintained
    BarclaysOverweightMaintained
    Pacific CrestOverweightUpgraded
    CitigroupNeutralMaintained
    WunderlichBuyMaintained
    Stifel NicolausHoldDowngraded
    Evercore ISI GroupHoldInitiated
    Cowen & Co.OutperformUpgraded
    Goldman SachsBuyInitiated
    NeedhamBuyDowngraded
    Deutsche BankHoldDowngraded
    PiperJaffrayNeutralDowngraded
    BarclaysOverweightMaintained
    Cowen & Co.Market PerformUpgraded
    JP MorganOverweightUpgraded
    JMP SecuritiesMarket OutperformMaintained
    BarclaysOverweightMaintained
    BairdNeutralMaintained
    OppenheimerOutperformMaintained
    Cowen & Co.UnderperformDowngraded
    BarclaysOverweightInitiated
    CitigroupNeutralDowngraded
    BairdUnderperformDowngraded
    WunderlichBuyInitiated
    GuggenheimNeutralInitiated
    NeedhamBuyUpgraded
    NomuraBuyMaintained
    MacquarieNeutralMaintained
    JMP SecuritiesMarket OutperformMaintained
    CitigroupBuyMaintained
    Buckingham ResearchBuyMaintained
    Raymond JamesOutperformMaintained
    OppenheimerOutperformMaintained
    NomuraBuyMaintained
    JP MorganNeutralMaintained
    CitigroupBuyMaintained
    JMP SecuritiesMarket OutperformMaintained
    OppenheimerOutperformMaintained
    Buckingham ResearchBuyInitiated
    CitigroupNeutralMaintained
    MacquarieNeutralInitiated
    JP MorganNeutralMaintained
    JMP SecuritiesMarket OutperformMaintained
    FBR CapitalOutperformMaintained
    Morgan StanleyEqual-weightDowngraded
    PiperJaffrayOverweightInitiated
    UBSBuyMaintained
    Raymond JamesOutperformMaintained
    NomuraBuyMaintained
    JP MorganNeutralMaintained
    JMP SecuritiesMarket OutperformMaintained
    Goldman SachsNeutralInitiated
    NorthlandOutperformInitiated
    UBSBuyMaintained
    Morgan StanleyOverweightMaintained
    JefferiesBuyMaintained
    CitigroupHoldMaintained
    NomuraBuyMaintained
    Wells FargoOutperformUpgraded
    Sterne AgeeBuyInitiated
    JMP SecuritiesMarket OutperformUpgraded
    WedbushOutperformUpgraded
    Morgan StanleyOverweightUpgraded
    BairdOutperformUpgraded
    Bank of AmericaBuyUpgraded
    TopekaHoldMaintained
    BarclaysEqual-WeightInitiated
    Stifel NicolausBuyMaintained
    NomuraBuyMaintained
    JefferiesBuyMaintained
    Deutsche BankBuyMaintained
    Cowen & Co.Market PerformInitiated
    NomuraBuyMaintained
    Northland SecuritiesMarket PerformDowngraded
    JefferiesBuyUpgraded
    UBSBuyMaintained
    NomuraBuyMaintained
    Wells FargoMarket PerformDowngraded
    UBSBuyMaintained
    Stifel NicolausBuyMaintained
    NomuraBuyMaintained
    NeedhamHoldDowngraded
    Morgan StanleyEqual-WeightDowngraded
    JP MorganNeutralMaintained
    FBN SecuritiesOutperformMaintained
    Deutsche BankBuyMaintained
    Bank of AmericaNeutralDowngraded
    MizuhoBuyInitiated
    NomuraBuyMaintained
    JefferiesHoldMaintained
    FBN SecuritiesOutperformMaintained
    WunderlichHoldDowngraded
    JefferiesHoldMaintained
    NomuraBuyMaintained
    Pacific CrestOutperformUpgraded
    WunderlichBuyUpgraded
    UBSBuyMaintained
    Stifel NicolausBuyMaintained
    NomuraBuyMaintained
    JefferiesHoldMaintained
    FBN SecuritiesOutperformMaintained
    Deutsche BankBuyMaintained
    WunderlichHoldMaintained
    RBC CapitalSector PerformDowngraded
    Northern SecuritiesOutperformInitiated
    UBSBuyMaintained
    Deutsche BankBuyMaintained
    Stephens & Co.OverweightInitiated
    UBSNeutralMaintained
    Morgan StanleyOverweightMaintained
    JP MorganNeutralMaintained
    JefferiesHoldMaintained
    FBN SecuritiesOutperformMaintained
    Deutsche BankBuyMaintained

    Fortinet Inc (FTNT) Stock Earning Per Share (EPS) Forecast / Estimate


    $0.950
    The average consensus EPS for FTNT is $0.950 with a high estimate of $1.113 and Low of $0.823 for the period 2022-03-31 and based on 29 Institutional Analysts.

    Last Quarter


    Actual
    Estimate
    Date
    $0.99$0.95682021-09-30


    Earning Per Share (EPS) History


    Actual
    Estimate
    Date
    $$1.16952021-12-31
    $0.99$0.95682021-09-30
    $0.95$0.89492021-06-30
    $0.81$0.75542021-03-31
    $1.06$0.98492020-12-31
    $0.88$0.79342020-09-30
    $0.82$0.6662020-06-30
    $0.6$0.5192020-03-31
    $0.76$0.71522019-12-31
    $0.67$0.57082019-09-30
    $0.58$0.51182019-06-30
    $0.46$0.39432019-03-31
    $0.59$0.52782018-12-31
    $0.49$0.43162018-09-30
    $0.41$0.36212018-06-30
    $0.33$0.24592018-03-31
    $0.32$0.30042017-12-31
    $0.28$0.23592017-09-30
    $0.27$0.20242017-06-30
    $0.17$0.15732017-03-31
    $0.3$0.20952016-12-31
    $0.18$0.15672016-09-30
    $0.14$0.14352016-06-30
    $0.12$0.09182016-03-31
    $0.18$0.18822015-12-31
    $0.14$0.12312015-09-30
    $0.11$0.09312015-06-30
    $0.08$0.06382015-03-31
    $0.14$0.14052014-12-31
    $0.12$0.11342014-09-30
    $0.11$0.10532014-06-30
    $0.11$0.08652014-03-31
    $0.15$0.13872013-12-31
    $0.12$0.11222013-09-30
    $0.1$0.09752013-06-30
    $0.1$0.10422013-03-31
    $0.17$0.15262012-12-31
    $0.14$0.14152012-09-30
    $0.12$0.12332012-06-30
    $0.11$0.11362012-03-31

    What is Analyst Ratings & Price Targets?

    The analysts provide Buy, Sell or Hold ratings after extensive research of a companies financial reports, listening to conference calls and some of them even get in contact with upper management of the company to get an overall picture of operation.

    Although institutional Analyst’s are not always correct, their ratings are followed by millions of traders around the world and they can heavily influence trading activities for a company.

    As a retail investor, going through analyst ratings will instantly provide you an idea if the stock is worth buying. Top Analysts also provide their price targets. It’s a prediction of where the stock price might go based on their analysis.

    The best way to analyze price targets is to combined average price targets of major analysts. If the average price target is much higher than the current price of the stock, then the probability of a stock going up is also high.

    What is Technical Analysis?

    Technical Analysis refers to analyzing a stock's price over a period of time. In the financial market, past price patterns are one of the strongest indicators of an asset's future performance.

    In easier terms, millions of traders use Live Charts to watch the stock prices, it is actually a single source of truth for most traders. When a stock's price reaches a significant price level/pattern in the chart, millions of traders take buy/sell positions from those levels.

    As a regular investor, one of the easiest ways to check technical analysis of a stock is through Technical Indicators. Technical Indicators are programmed algorithms that monitor price changes in the Charts and indicate Buy/Sell based on market conditions.

    Some Technical Indicators can be very powerful (e.g SMA) and some can be pretty useless. Stock research tools like iTradely heavily simplify the technical analysis process for the investors by showing Buy/Sell/Neutral ratings combined from 17 powerful technical indicators, all in one page.

    What is Earnings Per Share (EPS) and Why is it Important?

    EPS, or Earning Per Share, can tell a lot about a stock’s performance. It’s calculated by dividing a company’s profit by the number of outstanding shares of its common stocks.

    In layman’s term, earnings is an indicator of a company’s profitability. Higher the earnings, the more profitable a company is.
    Some traders pick stocks solely based on EPS or earnings Analysis, it is a very powerful indicator of a stock’s price.

    Before you buy a stock, check the company’s earnings History and Surprises. A Surprise happens when a company reports a much higher or lower actual earnings/EPS than the forecasted earnings/EPS.

    If a company reports higher EPS surprises consistently, analysts keep raising their estimates, traders become more confident in the company, driving the share price higher.

    What is Stock Sentiment?

    Stock Sentiment refers to how people speculating about the stock or what kind of trading position investors are often taking.

    There are different kinds of sentiments you can find online for a company, this includes Investor Sentiment (Percentage of investors buying or selling), News Sentiment (Is the company getting positive or negative impressions from the Press?), Social Sentiment (The overall trends about the company in social media, is it negative or positive?).