
Fortinet (FTNT) Stock Forecast & Price Target
Fortinet (FTNT) Analyst Ratings
Bulls say
Fortinet has demonstrated significant financial growth, with product revenue increasing by 18% year-over-year to $559 million, driven by demand in emerging sectors such as SASE and Secure AI Data Center. The company achieved a record operating margin of 36.9%, reflecting effective scale and disciplined cost management. Additionally, Fortinet's total billings rose by 14% year-over-year to $1.81 billion, indicating strong performance across both subscription and support-based revenue streams.
Bears say
Fortinet's stock outlook appears negative due to a 17% drop in shares despite solid Q2 results and raised guidance, indicating investor skepticism about the company's future performance. The firm is experiencing a decline in operating margins, which decreased by 200 basis points year-over-year primarily due to increased investments in sales and challenges related to recent acquisitions. Additionally, projected services revenue growth for the fiscal year has decreased to a midpoint of 13.7%, down from 20% in FY24, reflecting slower growth in the Secure Access Service Edge (SASE) segment and ongoing impacts from foreign exchange headwinds.
This aggregate rating is based on analysts' research of Fortinet and is not a guaranteed prediction by Public.com or investment advice.
Fortinet (FTNT) Analyst Forecast & Price Prediction
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