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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 | $96.87 |
| Price | $93.12 |
| Potential | 4.03% |
| Number of Estimates | 31 |
| 31 Analysts have issued a price target Fortinet, Inc. 2025 . The average Fortinet, Inc. target price is $96.87. This is 4.03% higher than the current stock price. The highest price target is $111.00 19.20% , the lowest is $68.00 26.98% . | |
| 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 4.03% . 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 3.15% higher than the revenue of the last 12 months(TTM). The highest sales forecast is $5.9b 3.59% , 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 | 11.05% |
| 2025 | $6.6b | 12.49% |
| 2026 | $7.5b | 12.79% |
| 2027 | $9.1b | 21.27% |
| 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 | 8.73% |
| 2026 | $2.6b | 14.72% |
| 2027 | $3.4b | 32.83% |
| 2028 | $3.9b | 11.98% |
EBITDA Margin
| 2023 | 25.45% | 5.12% |
|---|---|---|
| 2024 | 35.25% | 38.52% |
| 2025 | 34.07% | 3.35% |
| 2026 | 34.66% | 1.73% |
| 2027 | 37.96% | 9.52% |
| 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 7.38% 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 | 45.62% |
| 2025 | $1.7b | 1.86% |
| 2026 | $1.9b | 16.44% |
| 2027 | $1.4b | 25.42% |
| 2028 | $1.6b | 9.51% |
Net Margin
| 2023 | 21.07% | 14.70% |
|---|---|---|
| 2024 | 27.64% | 31.16% |
| 2025 | 25.03% | 9.44% |
| 2026 | 25.84% | 3.24% |
| 2027 | 15.89% | 38.51% |
| 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 | $2.17 | 1.88% |
| 2026 | $2.52 | 16.13% |
| 2027 | $1.88 | 25.40% |
| 2028 | $2.06 | 9.57% |
P/E ratio
| Current | 46.94 | 27.49% |
|---|---|---|
| 2024 | 43.80 | 6.69% |
| 2025 | 43.00 | 1.83% |
| 2026 | 36.93 | 14.12% |
| 2027 | 49.51 | 34.06% |
| 2028 | 45.21 | 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 11.66 and an <a href=https://blog.stocksguide.com/knowledge/price-sales-ratio-simply-explained>P/S ratio of 12.12 .
This results in the following potential growth metrics and future valuations:
EV/Sales
| Current | 12.02 | 60.05% |
|---|---|---|
| 2024 | 11.66 | 3.03% |
| 2025 | 10.36 | 11.10% |
| 2026 | 9.19 | 11.34% |
| 2027 | 7.58 | 17.54% |
| 2028 | 6.04 | 20.34% |
P/S ratio
| Current | 12.50 | 57.56% |
|---|---|---|
| 2024 | 12.12 | 3.06% |
| 2025 | 10.77 | 11.10% |
| 2026 | 9.55 | 11.34% |
| 2027 | 7.87 | 17.54% |
| 2028 | 6.27 | 20.34% |
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