Fortinet (FTNT) – Investment Analysts’ Weekly Ratings Changes

Several brokerages have updated their recommendations and price targets on shares of Fortinet (NASDAQ: FTNT) in the last few weeks:

• 10/30/2026 – Fortinet had its price target lowered by Wells Fargo & Company from $160.00 to $115.00. They now have an “underweight” rating on the stock.
• 10/30/2026 – Fortinet had its price target lowered by Susquehanna from $160.00 to $145.00. They now have a “neutral” rating on the stock.
• 10/29/2026 – Fortinet was given a new $165.00 price target by Royal Bank Of Canada. They now have a “sector perform” rating on the stock.
• 10/29/2026 – Fortinet had its “hold” rating reaffirmed by Deutsche Bank Aktiengesellschaft. They now have a $130.00 price target on the stock.
• 10/29/2026 – Fortinet had its “neutral” rating reaffirmed by Wedbush. They now have a $140.00 price target on the stock, down from $155.00.
• 10/29/2026 – Fortinet was given a new $140.00 price target by Piper Sandler. They now have a “neutral” rating on the stock.
• 10/29/2026 – Fortinet had its “buy” rating reaffirmed by Guggenheim.
• 10/29/2026 – Fortinet was given a new $118.00 price target by Mizuho.
• 10/29/2026 – Fortinet had its “buy” rating reaffirmed by BTIG Research. They now have a $186.00 price target on the stock, down from $203.00.
• 10/29/2026 – Fortinet had its “hold” rating reaffirmed by Jefferies Financial Group. They now have a $145.00 price target on the stock.
• 10/29/2026 – Fortinet was given a new $175.00 price target by Truist Financial. They now have a “buy” rating on the stock.
• 10/29/2026 – Fortinet had its price target lowered by TD Cowen from $225.00 to $190.00. They now have a “buy” rating on the stock.
• 10/29/2026 – Fortinet had its price target lowered by Scotiabank from $163.00 to $140.00. They now have a “sector perform” rating on the stock.
• 10/29/2026 – Fortinet had its price target lowered by Citigroup from $185.00 to $140.00. They now have a “neutral” rating on the stock.
• 10/29/2026 – Fortinet had its price target lowered by Stifel Nicolaus from $175.00 to $140.00. They now have a “hold” rating on the stock.
• 10/29/2026 – Fortinet had its price target lowered by Barclays from $210.00 to $155.00. They now have an “equal weight” rating on the stock.
• 10/29/2026 – Fortinet had its price target lowered by Rosenblatt Securities from $195.00 to $175.00. They now have a “buy” rating on the stock.
• 10/29/2026 – Fortinet had its “hold” rating reaffirmed by Needham & Company LLC.
• 10/29/2026 – Fortinet was downgraded by Bank of America from “buy” to “neutral”. They now have a $140.00 price target on the stock.
• 10/26/2026 – Fortinet had its “neutral” rating reaffirmed by Cantor Fitzgerald. They now have a $145.00 price target on the stock, down from $185.00.
• 10/23/2026 – Fortinet had its price target raised by JPMorgan Chase & Co. from $118.00 to $140.00. They now have an “underweight” rating on the stock.
• 10/21/2026 – Fortinet was downgraded by Arete Research from “buy” to “sell”. They now have a $117.00 price target on the stock.
• 10/20/2026 – Fortinet was given a new $200.00 price target by Truist Financial. They now have a “buy” rating on the stock.
• 10/15/2026 – Fortinet had its “neutral” rating reaffirmed by UBS Group. They now have a $200.00 price target on the stock.
• 10/15/2026 – Fortinet was given a new $160.00 price target by Mizuho. They now have an “underperform” rating on the stock.
• 10/15/2026 – Fortinet had its price target raised by Wells Fargo & Company from $135.00 to $160.00. They now have an “underweight” rating on the stock.
• 10/13/2026 – Fortinet had its “buy” rating reaffirmed by TD Cowen. They now have a $225.00 price target on the stock, up from $215.00.
• 10/12/2026 – Fortinet was given a new $210.00 price target by Barclays. They now have an “equal weight” rating on the stock.
• 10/12/2026 – Fortinet had its price target raised by Royal Bank Of Canada from $185.00 to $205.00. They now have a “sector perform” rating on the stock.
• 10/10/2026 – Fortinet was upgraded by Wall Street Zen from “hold” to “buy”.
• 10/8/2026 – Fortinet was upgraded by Weiss Ratings from “buy (b-)” to “buy (b)”.
• 10/6/2026 – Fortinet is now covered by Yorkville Ives. They set an “outperform” rating and a $225.00 price target on the stock.
• 9/26/2026 – Fortinet was downgraded by Wall Street Zen from “buy” to “hold”.
• 9/17/2026 – Fortinet had its “market perform” rating reaffirmed by Sanford C. Bernstein. They now have a $145.00 price target on the stock, up from $102.00.
• 9/16/2026 – Fortinet had its “buy” rating reaffirmed by TD Cowen.
• 9/4/2026 – Fortinet was upgraded by Weiss Ratings from “hold (c+)” to “buy (b-)”.

Fortinet Trading Down 7.3%

NASDAQ:FTNT opened at $126.21 on Tuesday. The firm has a market capitalization of $92.60 billion, a P/E ratio of 40.98, a P/E/G ratio of 3.25 and a beta of 1.03. The company has a quick ratio of 1.19, a current ratio of 1.28 and a debt-to-equity ratio of 0.32. The company has a fifty day moving average of $170.80 and a 200 day moving average of $128.52. Fortinet, Inc. has a 52 week low of $73.55 and a 52 week high of $197.13.

Fortinet (NASDAQ:FTNT) last announced its quarterly earnings results on Wednesday, October 28th. The software maker reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.86 by $0.05. Fortinet had a net margin of 28.96% and a return on equity of 182.65%. The business had revenue of $2.08 billion for the quarter, compared to analyst estimates of $2.06 billion. During the same quarter last year, the firm earned $0.74 EPS. The company’s revenue was up 20.5% on a year-over-year basis. On average, research analysts predict that Fortinet, Inc. will post 3.19 earnings per share for the current year.

Insider Transactions at Fortinet

In other Fortinet news, COO John Whittle sold 53,865 shares of the company’s stock in a transaction that occurred on Monday, September 14th. The stock was sold at an average price of $165.44, for a total transaction of $8,911,425.60. Following the completion of the transaction, the chief operating officer owned 96,987 shares of the company’s stock, valued at $16,045,529.28. This represents a 35.71% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 17.60% of the stock is currently owned by corporate insiders.

Fortinet, Inc develops cybersecurity products and services designed to protect networks, endpoints, applications, cloud environments and operational technology systems. The company’s portfolio includes next-generation firewalls, secure networking products, endpoint security, web application security, email security, identity and access solutions, and security information and event management tools.

Its product offerings include FortiGate network security appliances and cloud-based firewalls, along with FortiSwitch, FortiAP and FortiExtender solutions for secure connectivity.