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Fortinet (GB:0IR9)
LSE:0IR9

Fortinet (0IR9) Share Forecast & Price Target

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See the Price Targets and Ratings of:

0IR9 Analyst Ratings

Moderate Buy
32Ratings
11 Buy
19 Hold
2 Sell
Based on 32 analysts giving stock ratings to
Fortinet
in the past 3 months
TipRanks enables you to focus on the analyst rating consensus of all analysts or only the top performers​ in the past 3 months

0IR9 Stock 12 Month Forecast

Average Price Target

$76.07
▲(17.98% Upside)
Based on 32 Wall Street analysts offering 12 month price targets for Fortinet in the last 3 months. The average price target is $76.07 with a high forecast of $90.00 and a low forecast of $57.00. The average price target represents a 17.98% change from the last price of $64.48.
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Highest Price Target$90.00Average Price Target$76.07Lowest Price Target$57.00
The highest, average, and lowest price target of all analysts. Click on ‘Top Analysts’ to focus on the best performers.

Detailed List of Analyst Forecasts​

Analyst Profile
Expert Firm
Price Target
Position
Upside / Downside
Action
Date
Follow
Article
KeyBanc
Hold
Reiterated
04/03/24
KeyBanc reiterates Sector Weight Rating on Fortinet (FTNT)KeyBanc analyst Eric Heath reiterated a Sector Weight rating and {REMOVEPT} price target on Fortinet (NASDAQ: FTNT).
Goldman Sachs
Buy
Reiterated
04/03/24
Fortinet's Strategic SASE Education and Market Position Warrant a Buy Rating
Barclays
$80.00
Hold
24.07%
Upside
Reiterated
04/02/24
Daiwa
$75.00
Buy
16.32%
Upside
Upgraded
02/13/24
Fortinet upgraded to Outperform from Neutral at DaiwaFortinet upgraded to Outperform from Neutral at Daiwa
DZ BANK AG
$60.00
Sell
-6.95%
Downside
Downgraded
02/08/24
Fortinet downgraded to Sell from Hold at DZ BankFortinet downgraded to Sell from Hold at DZ Bank

Best Analysts Covering Fortinet

Which Analyst Should I Follow If I Want to Buy GB:0IR9 and Sell After:
1 Month
Adam TindleRaymond James
Success Rate
11/12 ratings generated profit
92%
Average Return
+7.79%
reiterated a buy rating 9 months ago
Copying Adam Tindle's trades and holding each position for 1 Month would result in 91.67% of your transactions generating a profit, with an average return of +7.79% per trade.
dummydummy
Success Rate
0/0 ratings generated profit
0%
Average Return
0.00%
a rating ―
Copying dummy's trades and holding each position for XXXX would result in 0.10% of your transactions generating a profit, with an average return of 0.00% per trade.
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3 Months
Catharine TrebnickRosenblatt Securities
Success Rate
10/14 ratings generated profit
71%
Average Return
+12.24%
reiterated a buy rating 3 months ago
Copying Catharine Trebnick's trades and holding each position for 3 Months would result in 71.43% of your transactions generating a profit, with an average return of +12.24% per trade.
dummydummy
Success Rate
0/0 ratings generated profit
0%
Average Return
0.00%
a rating ―
Copying dummy's trades and holding each position for XXXX would result in 0.10% of your transactions generating a profit, with an average return of 0.00% per trade.
Premium Content
Find out which analyst has the highest Average Return & Success Rate
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1 Year
Hamza FodderwalaMorgan Stanley
Success Rate
11/13 ratings generated profit
85%
Average Return
+9.86%
reiterated a buy rating 3 months ago
Copying Hamza Fodderwala's trades and holding each position for 1 Year would result in 84.62% of your transactions generating a profit, with an average return of +9.86% per trade.
2 Years
Adam TindleRaymond James
Success Rate
11/12 ratings generated profit
92%
Average Return
+37.47%
reiterated a buy rating 9 months ago
Copying Adam Tindle's trades and holding each position for 2 Years would result in 91.67% of your transactions generating a profit, with an average return of +37.47% per trade.
dummydummy
Success Rate
0/0 ratings generated profit
0%
Average Return
0.00%
a rating ―
Copying dummy's trades and holding each position for XXXX would result in 0.10% of your transactions generating a profit, with an average return of 0.00% per trade.
Premium Content
Find out which analyst has the highest Average Return & Success Rate
Go Premium
The Best Analyst Covering tool allows you to follow the analysts who have the best success rates and average returns on a specific stock. Only analysts that gave a Buy or Sell rating on the stock in the past 12 months are eligible for inclusion in this tool. Follow the analysts of your choice to receive real-time updates when they publish a new rating.

0IR9 Analyst Recommendation Trends

Rating
Nov 23
Dec 23
Jan 24
Feb 24
Apr 24
Strong Buy
0
0
0
0
0
Buy
26
20
23
23
26
Hold
25
27
33
35
41
Sell
0
0
0
2
2
Strong Sell
0
0
0
0
0
total
51
47
56
60
69
In the current month, 0IR9 has received 26 Buy Ratings, 41 Hold Ratings, and 2 Sell Ratings. 0IR9 average Analyst price target in the past 3 months is $76.07.
Each month's total comprises the sum of three months' worth of ratings.
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0IR9 Financial Forecast

0IR9 Earnings Forecast

Next quarter’s earnings estimate for 0IR9 is $0.38 with a range of $0.37 to $0.41. The previous quarter’s EPS was $0.51. 0IR9 beat its EPS estimate 100.00% of the time in the past 12 months, while its overall industry beat the EPS estimate 39.13% of the time in the same period. In the last calendar year 0IR9 has Outperformed its overall industry.
Next quarter’s earnings estimate for 0IR9 is $0.38 with a range of $0.37 to $0.41. The previous quarter’s EPS was $0.51. 0IR9 beat its EPS estimate 100.00% of the time in the past 12 months, while its overall industry beat the EPS estimate 39.13% of the time in the same period. In the last calendar year 0IR9 has Outperformed its overall industry.

0IR9 Sales Forecast

Next quarter’s sales forecast for 0IR9 is $1.34B with a range of $1.33B to $1.36B. The previous quarter’s sales results were $1.42B. 0IR9 beat its sales estimates 50.00% of the time in past 12 months, while its overall industry beat sales estimates 53.60% of the time in the same period. In the last calendar year 0IR9 has Underperformed its overall industry.
Next quarter’s sales forecast for 0IR9 is $1.34B with a range of $1.33B to $1.36B. The previous quarter’s sales results were $1.42B. 0IR9 beat its sales estimates 50.00% of the time in past 12 months, while its overall industry beat sales estimates 53.60% of the time in the same period. In the last calendar year 0IR9 has Underperformed its overall industry.

0IR9 Stock Forecast FAQ

What is GB:0IR9’s average 12-month price target, according to analysts?
Based on analyst ratings, Fortinet’s 12-month average price target is $76.07.
    What is GB:0IR9’s upside potential, based on the analysts’ average price target?
    Fortinet has 17.98% upside potential, based on the analysts’ average price target.
      Can I see which stocks the top-ranking analysts are rating?
      Yes, go to the Analysts’ Top Stocks tool to see stocks with a Strong Buy or Strong Sell analyst rating consensus, according to the top performers.
        How can I follow the stock ratings of top Wall Street analysts?
        Head over to our Expert Center to see a list of the top 100 Wall Street analysts and follow the analysts of your choice. Visit their profiles for more details about their stock ratings and see how they perform on a stock-by-stock basis.
          Is Fortinet a Buy, Sell or Hold?
          Fortinet has a conensus rating of Moderate Buy, which is based on 11 buy ratings, 19 hold ratings and 2 sell ratings.
            What is Fortinet’s share price target?
            The average share price target for Fortinet is $76.07. This is based on 32 Wall Streets Analysts 12-month price targets, issued in the past 3 months.
            The highest analyst share price target is $90.00 ,and the lowest forecast is $57.00. The average share price target represents 17.98% Increase from the current price of $64.478.
              What do analysts say about Fortinet?
              Fortinet’s analyst rating consensus is a Moderate Buy. This is based on the ratings of 32 Wall Streets Analysts.
                How can I buy shares of Fortinet?
                To buy shares of GB:0IR9, you can open a brokerage account. See exclusive account opening deals on our Best Online Brokers page.
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