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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 | $78.26 |
| Price | $78.80 |
| Deviation | 0.69% |
| Number of Estimates | 31 |
| 31 Analysts have issued a price target Fortinet, Inc. 2025 . The average Fortinet, Inc. target price is $78.26. This is 0.69% lower than the current stock price. The highest price target is $105.00 33.25% , the lowest is $64.00 18.78% . | |
| A rating was issued by 42 analysts: 16 Analysts recommend Fortinet, Inc. to buy, 25 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 0.69% . 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 5.77% higher than the revenue of the last 12 months(TTM). The highest sales forecast is $5.9b 7.04% , the lowest is $5.8b 4.76% .
This results in the following potential growth metrics:
Revenue Estimates
| 2023 | $5.3b | 20.09% |
|---|---|---|
| 2024 | $5.9b | 10.41% |
| 2025 | $6.6b | 12.28% |
| 2026 | $7.4b | 12.38% |
| 2027 | $9.0b | 21.74% |
| 2028 | $10.2b | 13.92% |
15 Analysts have issued an Fortinet, Inc. EBITDA forecast 2024. The average Fortinet, Inc. EBITDA estimate is $1.9b . This is 22.12% higher than the EBITDA of the last 12 months(TTM). The highest EBITDA forecast is $2.0b 25.90% , the lowest is $1.7b 6.27% .
This results in the following potential growth metrics and future EBITDA Margins:
EBITDA Estimates
| 2023 | $1.3b | 26.24% |
|---|---|---|
| 2024 | $1.9b | 41.01% |
| 2025 | $2.1b | 12.05% |
| 2026 | $2.4b | 14.30% |
| 2027 | $3.4b | 41.13% |
| 2028 | $3.9b | 11.98% |
EBITDA Margin
| 2023 | 25.45% | 5.12% |
|---|---|---|
| 2024 | 32.50% | 27.72% |
| 2025 | 32.43% | 0.22% |
| 2026 | 32.99% | 1.73% |
| 2027 | 38.24% | 15.91% |
| 2028 | 37.59% | 1.70% |
18 Fortinet, Inc. Analysts have issued a net profit forecast 2024. The average Fortinet, Inc. net profit estimate is $1.4b . This is 5.53% higher than the net profit for the last 12 months(TTM). The highest net profit forecast is $1.5b 18.51% , the lowest is $1.3b 0.59% .
This results in the following potential growth metrics and future Net Margins:
Net Profit Estimates
| 2023 | $1.1b | 37.74% |
|---|---|---|
| 2024 | $1.4b | 22.15% |
| 2025 | $1.5b | 7.43% |
| 2026 | $1.7b | 17.24% |
| 2027 | $1.4b | 16.26% |
| 2028 | $1.6b | 9.51% |
Net Margin
| 2023 | 21.03% | 14.70% |
|---|---|---|
| 2024 | 23.27% | 10.64% |
| 2025 | 22.26% | 4.34% |
| 2026 | 23.22% | 4.31% |
| 2027 | 15.97% | 31.22% |
| 2028 | 15.36% | 3.82% |
Earnings per share, P/E ratio and EV/sales Estimates 2024, 2025 to 2028
18 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 $1.78 . This is 5.33% 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 $2.00 18.34% , the lowest is $1.68 0.59% .
This results in the following potential growth metrics and future valuations:
Earnings Per Share
| 2023 | $1.46 | 37.74% |
|---|---|---|
| 2024 | $1.78 | 21.92% |
| 2025 | $1.92 | 7.87% |
| 2026 | $2.25 | 17.19% |
| 2027 | $1.88 | 16.44% |
| 2028 | $2.06 | 9.57% |
P/E ratio
| Current | 46.56 | 10.33% |
|---|---|---|
| 2024 | 44.18 | 5.11% |
| 2025 | 41.13 | 6.90% |
| 2026 | 35.08 | 14.71% |
| 2027 | 41.90 | 19.44% |
| 2028 | 38.26 | 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 9.89 and an <a href=https://blog.stocksguide.com/knowledge/price-sales-ratio-simply-explained>P/S ratio of 10.29 .
This results in the following potential growth metrics and future valuations:
EV/Sales
| Current | 10.46 | 24.67% |
|---|---|---|
| 2024 | 9.89 | 5.44% |
| 2025 | 8.81 | 10.94% |
| 2026 | 7.84 | 11.02% |
| 2027 | 6.44 | 17.86% |
| 2028 | 5.65 | 12.22% |
P/S ratio
| Current | 10.89 | 22.88% |
|---|---|---|
| 2024 | 10.29 | 5.46% |
| 2025 | 9.17 | 10.94% |
| 2026 | 8.16 | 11.02% |
| 2027 | 6.70 | 17.86% |
| 2028 | 5.88 | 12.22% |
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