Wall Street analyst price targets, ratings consensus & upside potential · Updated Feb 28, 2026
Last 12 months price action with 12-month analyst target path
As of March 2, 2026, Fortinet, Inc. (FTNT) has a Wall Street consensus price target of $85.71, based on estimates from 67 covering analysts. With the stock currently trading at $79.03, this represents a potential upside of +8.5%. The company has a market capitalization of $58.77B.
Analyst price targets range from a low of $70.00 to a high of $95.00, representing a 29% spread in expectations. The median target of $88.00 aligns closely with the consensus average.
The current analyst consensus rating is Hold, with 30 analysts rating the stock as a Buy or Strong Buy,32 rating it Hold, and 5 rating it Sell or Strong Sell. The mixed ratings reflect uncertainty about near-term direction.
From a valuation perspective, FTNT trades at a trailing P/E of 32.5x and forward P/E of 26.6x. The forward PEG ratio of 0.80 suggests the stock may be undervalued relative to its growth. Analysts expect EPS to grow +20.1% over the next year.
Our proprietary valuation model, which blends historical multiples with forward estimates, suggests a base-case price target of $113.94, with bear and bull scenarios of $20.59 and $142.17 respectively. Model confidence stands at 83/100, indicating high predictability in the company's fundamentals.
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Start ComparisonThe consensus price target for FTNT is $85.71, close to the current price of $79.03 (8.5% implied move). Based on 67 analyst estimates, the stock appears fairly valued near current levels.
FTNT has a consensus rating of "Hold" based on 67 Wall Street analysts. The rating breakdown is mixed, with 32 Hold ratings making up the largest segment. The consensus 12-month price target of $85.71 implies 8.5% upside from current levels.
FTNT trades at a forward P/E of 26.5602x, representing a moderate valuation. With analysts targeting $85.71 (8.5% implied move), the stock appears reasonably valued with upside.
The most bullish Wall Street analyst has a price target of $95 for FTNT, while the most conservative target is $70. The consensus of $85.71 represents the median expectation. Our quantitative valuation model projects a bull case target of $142 based on optimistic growth and margin assumptions. These targets typically reflect 12-month expectations.
FTNT is heavily covered by Wall Street, with 67 analysts providing price targets and ratings. Of these, 0 have Strong Buy ratings, 30 have Buy ratings, 32 recommend Hold, and 5 have Sell or Strong Sell ratings. Higher analyst coverage generally indicates greater institutional interest and more reliable consensus estimates.
The 12-month FTNT stock forecast based on 67 Wall Street analysts shows a consensus price target of $85.71, with estimates ranging from $70 (bear case) to $95 (bull case). The median consensus rating is "Hold". Our proprietary valuation model produces a base case fair value of $114, with bear/bull scenarios of $21/$142.
Our quantitative valuation model calculates FTNT's fair value at $114 (base case), with a bear case of $21 and bull case of $142. The model uses discounted cash flow analysis, historical growth rates, and margin mean-reversion to project FY+2 earnings, then applies an appropriate P/E multiple. The model confidence score is 83/100.
FTNT trades at a forward P/E ratio of 26.6x based on next-twelve-months earnings estimates compared to a trailing P/E of 32.5x. The lower forward P/E indicates analysts expect earnings growth. A forward P/E is useful for comparing valuations when earnings are expected to change significantly.
FTNT appears fairly valued according to analysts, with a "Hold" rating and minimal upside to the $85.71 target. Consider your investment thesis and risk tolerance. This information is for educational purposes only. Always conduct your own research, consider your financial situation, and consult a financial advisor before making investment decisions.
FTNT analyst price targets range from $70 to $95, a 29% moderate spread showing some variance in outlooks. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $85.71 consensus represents the middle ground. Our model's $21-$142 range provides an independent fundamental perspective.