Key Takeaways:
- Fortinet (FTNT, Financial) edges up slightly despite a volatile market backdrop.
- Analysts forecast a promising price target with potential upside.
- Current consensus leans towards a 'Hold' recommendation.
Fortinet (FTNT) closed its latest trading session at $88.15, achieving a modest gain of 0.17% even as broader markets took a downturn. In the past month, Fortinet’s shares have declined by 8.37%, yet they have outpaced their sector's more significant drop of 16.01%. Investors are keenly anticipating Fortinet’s earnings release on May 7, 2025, expecting a robust 23.26% growth in Q1 earnings per share (EPS).
Wall Street Analysts Forecast
Currently, 36 analysts have set a one-year price target for Fortinet Inc (FTNT, Financial), with an average target price sitting at $114.50. These projections range from a high of $135.00 to a low of $83.00. This average target price represents a potential upside of 14.58% from Fortinet's current stock price of $99.93. More in-depth estimate data is available on the Fortinet Inc (FTNT) Forecast page.
When it comes to brokerage recommendations, Fortinet Inc's (FTNT, Financial) average rating stands at 2.6 from 44 brokerage firms, which translates to a "Hold" status. This rating system spans from 1 to 5, with 1 indicating a Strong Buy and 5 suggesting a Sell.
According to GuruFocus estimates, Fortinet's projected GF Value in one year is $97.99. This suggests a slight downside of 1.94% from its current price of $99.93. The GF Value is GuruFocus' assessment of the stock's fair value, derived from historical trading multiples and future business performance estimates. For further detailed insights, check out the Fortinet Inc (FTNT, Financial) Summary page.
