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Fortinet, Inc. Forecast, price target & analysts
Fortinet, Inc. Target price 2025 - Analyst rating & recommendation
Fortinet, Inc. Classifications & Recommendation:
Fortinet, Inc. Price Target
| Target Price | $108.56 |
| Price | $104.75 |
| Potential | 3.64% |
| Number of Estimates | 34 |
| 34 Analysts have issued a price target Fortinet, Inc. 2026 . The average Fortinet, Inc. target price is $108.56. This is 3.64% higher than the current stock price. The highest price target is $135.00 28.88% , the lowest is $83.00 20.76% . | |
| A rating was issued by 45 analysts: 17 Analysts recommend Fortinet, Inc. to buy, 25 to hold and 3 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 2026 of 3.64% . Most analysts recommend the Fortinet, Inc. stock at Hold. |
Sales and Margin forecast 2025, 2026 to 2029
39 Analysts have issued a sales forecast Fortinet, Inc. 2025 . The average Fortinet, Inc. sales estimate is $6.8b . This is 10.00% higher than the revenue of the last 12 months(TTM). The highest sales forecast is $6.9b 11.70% , the lowest is $6.6b 8.17% .
This results in the following potential growth metrics:
Revenue Estimates
| 2024 | $6.0b | 12.27% |
|---|---|---|
| 2025 | $6.8b | 13.45% |
| 2026 | $7.6b | 12.42% |
| 2027 | $8.5b | 12.02% |
| 2028 | $10.3b | 20.81% |
| 2029 | $11.1b | 8.26% |
14 Analysts have issued an Fortinet, Inc. EBITDA forecast 2025. The average Fortinet, Inc. EBITDA estimate is $2.3b . This is 13.83% higher than the EBITDA of the last 12 months(TTM). The highest EBITDA forecast is $2.5b 19.46% , the lowest is $2.2b 9.08% .
This results in the following potential growth metrics and future EBITDA Margins:
EBITDA Estimates
| 2024 | $1.9b | 42.35% |
|---|---|---|
| 2025 | $2.3b | 21.80% |
| 2026 | $2.7b | 14.61% |
| 2027 | $3.1b | 15.96% |
| 2028 | $3.9b | 23.87% |
| 2029 | $4.2b | 9.05% |
EBITDA Margin
| 2024 | 32.26% | 26.79% |
|---|---|---|
| 2025 | 34.64% | 7.36% |
| 2026 | 35.32% | 1.96% |
| 2027 | 36.56% | 3.51% |
| 2028 | 37.49% | 2.54% |
| 2029 | 37.76% | 0.72% |
17 Fortinet, Inc. Analysts have issued a net profit forecast 2025. The average Fortinet, Inc. net profit estimate is $1.7b . This is 9.06% lower than the net profit for the last 12 months(TTM). The highest net profit forecast is $1.9b 2.88% , the lowest is $1.6b 16.05% .
This results in the following potential growth metrics and future Net Margins:
Net Profit Estimates
| 2024 | $1.7b | 54.79% |
|---|---|---|
| 2025 | $1.7b | 2.21% |
| 2026 | $1.9b | 13.09% |
| 2027 | $2.3b | 19.55% |
| 2028 | $1.6b | 31.07% |
| 2029 | $1.7b | 6.59% |
Net Margin
| 2024 | 29.19% | 37.87% |
|---|---|---|
| 2025 | 25.16% | 13.80% |
| 2026 | 25.31% | 0.60% |
| 2027 | 27.01% | 6.72% |
| 2028 | 15.41% | 42.95% |
| 2029 | 15.18% | 1.49% |
Earnings per share, P/E ratio and EV/sales Estimates 2025, 2026 to 2029
17 Analysts have issued a Fortinet, Inc. forecast for earnings per share. The average Fortinet, Inc. EPS is $2.21 . This is 9.05% lower than earnings per share in the financial year 2024. The highest EPS forecast is $2.50 2.88% , the lowest is $2.04 16.05% .
This results in the following potential growth metrics and future valuations:
Earnings Per Share
| 2024 | $2.26 | 54.79% |
|---|---|---|
| 2025 | $2.21 | 2.21% |
| 2026 | $2.50 | 13.12% |
| 2027 | $2.99 | 19.60% |
| 2028 | $2.06 | 31.10% |
| 2029 | $2.20 | 6.80% |
P/E ratio
| Current | 43.12 | 7.67% |
|---|---|---|
| 2025 | 47.40 | 9.93% |
| 2026 | 41.91 | 11.58% |
| 2027 | 35.06 | 16.34% |
| 2028 | 50.86 | 45.07% |
| 2029 | 47.71 | 6.19% |
Based on analysts' sales estimates for 2025, the Fortinet, Inc. stock is valued at an EV/Sales of 11.31 and an P/S ratio of 11.87 .
This results in the following potential growth metrics and future valuations:
EV/Sales
| Current | 12.44 | 49.52% |
|---|---|---|
| 2025 | 11.31 | 9.11% |
| 2026 | 10.06 | 11.05% |
| 2027 | 8.98 | 10.73% |
| 2028 | 7.43 | 17.23% |
| 2029 | 6.87 | 7.63% |
P/S ratio
| Current | 13.05 | 50.09% |
|---|---|---|
| 2025 | 11.87 | 9.09% |
| 2026 | 10.56 | 11.05% |
| 2027 | 9.42 | 10.73% |
| 2028 | 7.80 | 17.22% |
| 2029 | 7.21 | 7.63% |
Current Fortinet, Inc. Upgrades & Downgrades
| Analyst | Rating | Action | Date |
|---|---|---|---|
| UBS |
Neutral
➜
Neutral
|
Unchanged | May 08 2025 |
| RBC Capital |
Sector Perform
➜
Sector Perform
|
Unchanged | May 08 2025 |
| Keybanc |
Overweight
➜
Overweight
|
Unchanged | May 08 2025 |
| Wells Fargo |
Equal-Weight
➜
Equal-Weight
|
Unchanged | May 08 2025 |
| Scotiabank |
Sector Outperform
➜
Sector Outperform
|
Unchanged | May 08 2025 |
| Baird |
Neutral
➜
Neutral
|
Unchanged | May 08 2025 |
| Stifel |
Hold
➜
Hold
|
Unchanged | May 08 2025 |
| Analyst Rating | Date |
|---|---|
|
Unchanged
UBS:
Neutral
➜
Neutral
|
May 08 2025 |
|
Unchanged
RBC Capital:
Sector Perform
➜
Sector Perform
|
May 08 2025 |
|
Unchanged
Keybanc:
Overweight
➜
Overweight
|
May 08 2025 |
|
Unchanged
Wells Fargo:
Equal-Weight
➜
Equal-Weight
|
May 08 2025 |
|
Unchanged
Scotiabank:
Sector Outperform
➜
Sector Outperform
|
May 08 2025 |
|
Unchanged
Baird:
Neutral
➜
Neutral
|
May 08 2025 |
|
Unchanged
Stifel:
Hold
➜
Hold
|
May 08 2025 |
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