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Fortinet, Inc. Forecast, price target & analysts
Fortinet, Inc. Target price 2024 - Analyst rating & recommendation
Fortinet, Inc. Classifications & Recommendation:
Fortinet, Inc. Price Target
| Target Price | $99.03 |
| Price | $95.13 |
| Potential | 4.10% |
| Number of Estimates | 32 |
| 32 Analysts have issued a price target Fortinet, Inc. 2025 . The average Fortinet, Inc. target price is $99.03. This is 4.10% higher than the current stock price. The highest price target is $115.00 20.89% , the lowest is $72.00 24.31% . | |
| A rating was issued by 42 analysts: 17 Analysts recommend Fortinet, Inc. to buy, 24 to hold and 1 to sell. | |
| Analysts don't have a crystal ball either, but they do represent the opinion of the market quite well. You should not take the price potential and the ratings as a recommendation to act. Rather, they serve as an additional building block for your own opinion or stock analysis. | |
| Analyst Estimates: Analysts believe that the Fortinet, Inc. stock has an average upside potential 2025 of 4.10% . Most analysts recommend the Fortinet, Inc. stock at Hold. |
Sales and Margin forecast 2024, 2025 to 2028
36 Analysts have issued a sales forecast Fortinet, Inc. 2024 . The average Fortinet, Inc. sales estimate is $5.9b . This is 3.20% higher than the revenue of the last 12 months(TTM). The highest sales forecast is $6.0b 4.80% , the lowest is $5.9b 2.61% .
This results in the following potential growth metrics:
Revenue Estimates
| 2023 | $5.3b | 20.09% |
|---|---|---|
| 2024 | $5.9b | 11.10% |
| 2025 | $6.6b | 12.49% |
| 2026 | $7.5b | 12.96% |
| 2027 | $9.1b | 21.04% |
| 2028 | $11.4b | 25.53% |
14 Analysts have issued an Fortinet, Inc. EBITDA forecast 2024. The average Fortinet, Inc. EBITDA estimate is $2.1b . This is 20.18% higher than the EBITDA of the last 12 months(TTM). The highest EBITDA forecast is $2.2b 29.93% , the lowest is $1.8b 6.08% .
This results in the following potential growth metrics and future EBITDA Margins:
EBITDA Estimates
| 2023 | $1.3b | 26.24% |
|---|---|---|
| 2024 | $2.1b | 53.84% |
| 2025 | $2.3b | 8.78% |
| 2026 | $2.6b | 15.16% |
| 2027 | $3.4b | 32.27% |
| 2028 | $3.9b | 11.98% |
EBITDA Margin
| 2023 | 25.45% | 5.12% |
|---|---|---|
| 2024 | 35.24% | 38.49% |
| 2025 | 34.08% | 3.29% |
| 2026 | 34.74% | 1.94% |
| 2027 | 37.96% | 9.27% |
| 2028 | 33.87% | 10.77% |
16 Fortinet, Inc. Analysts have issued a net profit forecast 2024. The average Fortinet, Inc. net profit estimate is $1.6b . This is 7.39% higher than the net profit for the last 12 months(TTM). The highest net profit forecast is $1.7b 12.63% , the lowest is $1.6b 4.04% .
This results in the following potential growth metrics and future Net Margins:
Net Profit Estimates
| 2023 | $1.1b | 37.74% |
|---|---|---|
| 2024 | $1.6b | 45.64% |
| 2025 | $1.7b | 1.74% |
| 2026 | $1.9b | 16.84% |
| 2027 | $1.4b | 25.59% |
| 2028 | $1.6b | 9.51% |
Net Margin
| 2023 | 21.07% | 14.70% |
|---|---|---|
| 2024 | 27.63% | 31.11% |
| 2025 | 24.99% | 9.55% |
| 2026 | 25.85% | 3.44% |
| 2027 | 15.89% | 38.53% |
| 2028 | 13.86% | 12.78% |
Earnings per share, P/E ratio and EV/sales Estimates 2024, 2025 to 2028
16 Analysts have issued a Fortinet, Inc. forecast for earnings per share. The average Fortinet, Inc. <a href=https://blog.stocksguide.com/knowledge/eps-simply-explained>EPS is $2.13 . This is 7.58% higher than earnings per share in the financial year 2023. The highest <a href=https://blog.stocksguide.com/knowledge/eps-simply-explained>EPS forecast is $2.23 12.63% , the lowest is $2.06 4.04% .
This results in the following potential growth metrics and future valuations:
Earnings Per Share
| 2023 | $1.46 | 37.74% |
|---|---|---|
| 2024 | $2.13 | 45.89% |
| 2025 | $2.16 | 1.41% |
| 2026 | $2.53 | 17.13% |
| 2027 | $1.88 | 25.69% |
| 2028 | $2.06 | 9.57% |
P/E ratio
| Current | 48.43 | 18.58% |
|---|---|---|
| 2024 | 45.19 | 6.69% |
| 2025 | 44.42 | 1.70% |
| 2026 | 38.01 | 14.43% |
| 2027 | 51.09 | 34.41% |
| 2028 | 46.65 | 8.69% |
Based on analysts' sales estimates for 2024, the Fortinet, Inc. stock is valued at an <a href=https://blog.stocksguide.com/knowledge/enterprise-value-sales-simply-explained>EV/Sales of 12.04 and an <a href=https://blog.stocksguide.com/knowledge/price-sales-ratio-simply-explained>P/S ratio of 12.50 .
This results in the following potential growth metrics and future valuations:
EV/Sales
| Current | 12.42 | 48.21% |
|---|---|---|
| 2024 | 12.04 | 3.09% |
| 2025 | 10.70 | 11.10% |
| 2026 | 9.47 | 11.47% |
| 2027 | 7.83 | 17.38% |
| 2028 | 6.23 | 20.34% |
P/S ratio
| Current | 12.90 | 46.55% |
|---|---|---|
| 2024 | 12.50 | 3.10% |
| 2025 | 11.11 | 11.10% |
| 2026 | 9.83 | 11.47% |
| 2027 | 8.13 | 17.38% |
| 2028 | 6.47 | 20.34% |
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