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Price
Target price
€89.25

€89.25

0.080%
0.07
0.080%
€99.96
 
23.07.25 / Tradegate WKN: A0YEFE / Symbol: FTNT / Name: Fortinet / Stock / Software & IT Services / Large Cap /
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Your prediction

Fortinet Inc. Stock

With only a change of €0.070 (0.080%) the Fortinet Inc. price is nearly unchanged from yesterday.
The stock is one of the favorites of our community with 33 Buy predictions and 2 Sell predictions.
As a result the target price of 99 € shows a slightly positive potential of 10.92% compared to the current price of 89.25 € for Fortinet Inc..
For the coming years our community has positive and negative things to say abot the Fortinet Inc. stock. Criterium "Worthwhile Investment for the next years" gathered the most positive votes but regarding "Expected dividend yield" there were negative voices in the community.

Fortinet (Symbol: FTNT) is a multinational cybersecurity company, headquartered in Sunnyvale, California, renowned for its cutting-edge solutions that help protect organizations of varied sizes from cyber threats. The company is a pioneer in the development of innovative products like firewalls, endpoint security software, antivirus solutions, as well as a comprehensive range of unified threat management (UTM) solutions. With its market capitalization standing at approximately $44 billion, Fortinet is committed to maintaining high standards of protection, seizing a sizable market share in the cybersecurity sector as businesses across the globe continue to rely on their top-notch services and technologies to shield against emerging and evolving threats.

Pros and Cons of Fortinet Inc. in the next few years

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Performance of Fortinet Inc. vs. its peers

Security Change(%) 1w 1m 1y YTD 3y 5y
Fortinet Inc. 0.080% 0.394% 0.180% 67.166% -1.945% 48.824% 282.850%
Akamai Tech. -0.010% 3.596% 0.131% -22.581% -25.508% -25.621% -29.440%
Gartner Inc. 0.860% -2.594% -11.625% -29.410% -34.078% 20.939% 181.574%
CrowdStrike Holdings Inc -2.190% -3.043% -7.787% 57.758% 16.773% 118.065% 347.943%

sharewise BeanCounterBot

The analysis provided is generated by an artificial intelligence system and is provided for informational purposes only. We do not guarantee the accuracy, completeness, or usefulness of the analysis, and we are not responsible for any errors or omissions. Use of the analysis is at your own risk.
Last updated at 2023-05-01

Upon first glance, the financials of Fortinet, a company operating within the Software & IT Services industry, seem to illustrate a robust financial situation with an upward trajectory. The company has exhibited strong growth in its revenue, gross profit, and net income over the years. However, a deeper dive into the financial statements reveals specific areas of concern and opportunities for improvement.

*Pros: *

Growing Revenue: Fortinet has experienced consistent growth in revenue over the years. Comparing the income statements for 2020, 2021, and 2022, the total revenue increased from $2,594,400,000 in 2020 to $3,342,200,000 in 2021, and further to $4,417,400,000 in 2022. This signals positive momentum for the company in terms of market demand and product acceptance.

Comments

Prediction Buy
Perf. (%) 0.22%
Target price 108.200
Change
Ends at 17.06.26

Fortinet, Inc. (NASDAQ: FTNT) had its "buy" rating re-affirmed by analysts at Rosenblatt Securities. They now have a $125.00 price target on the stock.
Ratings data for FTNT provided by MarketBeat
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Prediction Buy
Perf. (%) 1.78%
Target price 101.522
Change
Ends at 08.05.26

Fortinet, Inc. (NASDAQ: FTNT) had its price target lowered by analysts at KeyCorp from $120.00 to $115.00. They now have an "overweight" rating on the stock.
Ratings data for FTNT provided by MarketBeat
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Prediction Sell
Perf. (%) -5.05%
Target price 84.113
Change
Ends at 06.05.26

Fortinet, Inc. (NASDAQ: FTNT) was downgraded by analysts at DZ Bank AG from a "hold" rating to a "sell" rating. They now have a $95.00 price target on the stock.
Ratings data for FTNT provided by MarketBeat
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News

Is Fortinet Ready to Break Out After Months of Consolidation?: https://www.marketbeat.com/logos/articles/med_20250708085202_is-fortinet-ready-to-break-out-after-months-of-con.jpg
Is Fortinet Ready to Break Out After Months of Consolidation?

Over the past few months, market momentum has surged, with several sectors outperforming the broader market. While financials, technology, and even utilities have all shown strength, the 

3 Cybersecurity Stocks You Can Buy and Hold for the Next Decade: https://g.foolcdn.com/editorial/images/818678/a-digital-padlock-cybersecurity.jpg
3 Cybersecurity Stocks You Can Buy and Hold for the Next Decade

Cybersecurity stocks are great long-term investments for three simple reasons. First, most companies won't shut off their digital defenses to save a few dollars. Second, they're largely immune to

This Technology Stock Has Soared 74% in a Year. Is It Worth Buying Hand Over Fist Right Now?: https://g.foolcdn.com/editorial/images/818145/person-specs-laptop-cybersecurity.jpg
This Technology Stock Has Soared 74% in a Year. Is It Worth Buying Hand Over Fist Right Now?

The past year has been a rewarding one for Fortinet (NASDAQ: FTNT) investors. Share prices of the cybersecurity specialist recorded impressive gains of 74%, comprehensively beating the comparable