Fortinet Stock Target Price and Analyst Consensus

FTNT Stock  USD 93.12  0.35  0.38%   
The current analyst and expert consensus on Fortinet is Buy with 7 buy recommendations. The current projected Fortinet target price consensus is 72.41, with 43 analyst opinions. Fortinet buy-or-sell recommendation module provides average expert sentiment on the projected Fortinet target price to derive its highest and lowest estimates based on target price estimated volatility of 2.0147. Check out Macroaxis Advice on Fortinet to cross-verify analyst projections. Unlike analyst recommendations, Macroaxis provides advice only from the perspective of investor risk tolerance and investment horizon.
For more information on how to buy Fortinet Stock please use our How to Invest in Fortinet guide.
Lowest Forecast
65.89
Highest Forecast
80.38
Target Price
72.41
At this time, Fortinet's Gross Profit is comparatively stable compared to the past year. Pretax Profit Margin is likely to gain to 0.26 in 2024, whereas Gross Profit Margin is likely to drop 0.58 in 2024. At this time, Fortinet's Non Current Assets Total are comparatively stable compared to the past year. Non Currrent Assets Other is likely to gain to about 669.3 M in 2024, despite the fact that Retained Earnings are likely to grow to (1.8 B).
  
It's important to approach Fortinet's target price projections with caution. While they can be useful as part of a broader investment strategy, they are inherently speculative and subject to various kinds of risk, including market volatility and unforeseen external factors. Always consider multiple aspects and do your own research when making investment decisions.
Analysts determine stock price targets through various methods, including financial modeling, peer comparison, and company analysis. The stock price target is the analyst's best estimate of the future price of a stock and is used by investors to make investment decisions. However, it is important to note that stock price targets are not guaranteed, and the actual price of a stock can differ significantly from the target due to various factors such as market conditions, economic events, and company developments.

Steps to utilize Fortinet price targets

Fortinet's stock target price is an estimate of its future price, usually made by analysts. Using Fortinet's target price to determine if it is a suitable investment can be done through the following steps:
  • Look at Fortinet's target prices provided by various analysts and compare them. This can help you gain a more balanced view of the Stock's potential.
  • Look at the analyst's track record to determine if they have a history of accurately predicting stock prices.
  • Look at the Company's financials, including revenue, earnings, and debt, to determine if it is in good financial health.
  • Consider market conditions. For example, take into account the state of the economy, competition, and regulatory environment, to determine if Fortinet's stock is likely to perform well.
  • Diversify your portfolio and do not rely solely on stock target prices to make investment decisions. Invest in a mix of stocks, bonds, and other assets to manage risk.
Remember that stock target prices are just estimates and are subject to change. Therefore, using them as one factor in a larger investment strategy is essential rather than relying solely on them to make decisions.

Additional Fortinet Value Projection Modules

Most investment researchers agree that the mispricing and readjustment of any Stock value happens often and is sometimes even predictable, but there is no strong theory explaining why it happens. The current price of Fortinet is a key component of Fortinet valuation and have some predictive power on the future returns of a Fortinet.
Hype
Prediction
LowEstimatedHigh
90.1792.1894.19
Details
Intrinsic
Valuation
LowRealHigh
87.1489.15102.43
Details
Naive
Forecast
LowNextHigh
88.9190.9292.94
Details
Earnings
Estimates (0)
LowProjected EPSHigh
0.560.560.58
Details

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Additional Tools for Fortinet Stock Analysis

When running Fortinet's price analysis, check to measure Fortinet's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Fortinet is operating at the current time. Most of Fortinet's value examination focuses on studying past and present price action to predict the probability of Fortinet's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Fortinet's price. Additionally, you may evaluate how the addition of Fortinet to your portfolios can decrease your overall portfolio volatility.