Fortinet (NASDAQ:FTNT) Stock Price Expected to Rise, BMO Capital Markets Analyst Says

Fortinet (NASDAQ:FTNT) had its price objective raised by equities researchers at BMO Capital Markets from $95.00 to $100.00 in a research report issued on Monday. The brokerage currently has a “market perform” rating on the software maker’s stock. BMO Capital Markets’ target price suggests a potential upside of 15.89% from the stock’s previous close.

A number of other research firms have also issued reports on FTNT. Rosenblatt Securities boosted their price target on shares of Fortinet from $100.00 to $105.00 and gave the company a “buy” rating in a report on Friday, February 6th. Citigroup restated a “neutral” rating and set a $90.00 price target (up from $85.00) on shares of Fortinet in a report on Monday, February 9th. Truist Financial set a $88.00 price target on shares of Fortinet in a report on Tuesday, January 20th. UBS Group restated a “neutral” rating and set a $90.00 price target on shares of Fortinet in a report on Friday, February 6th. Finally, Stifel Nicolaus set a $85.00 price target on shares of Fortinet in a report on Wednesday, March 11th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, twenty-one have assigned a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat, Fortinet presently has an average rating of “Hold” and a consensus target price of $87.92.

Fortinet Price Performance

FTNT stock opened at $86.29 on Monday. Fortinet has a 52-week low of $70.12 and a 52-week high of $109.33. The company’s 50 day simple moving average is $81.83 and its 200-day simple moving average is $81.72. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.17 and a quick ratio of 1.09. The firm has a market capitalization of $63.17 billion, a P/E ratio of 35.51, a P/E/G ratio of 2.96 and a beta of 0.92.

Fortinet (NASDAQ:FTNT) last released its quarterly earnings results on Thursday, February 5th. The software maker reported $0.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.74 by $0.07. Fortinet had a net margin of 27.26% and a return on equity of 124.21%. The business had revenue of $1.91 billion for the quarter, compared to analyst estimates of $1.86 billion. During the same quarter in the previous year, the business earned $0.74 earnings per share. The firm’s revenue was up 14.8% compared to the same quarter last year. Fortinet has set its Q1 2026 guidance at 0.590-0.630 EPS and its FY 2026 guidance at 2.940-3.000 EPS. As a group, equities research analysts anticipate that Fortinet will post 2.63 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Optimist Retirement Group LLC increased its stake in Fortinet by 2.5% in the 4th quarter. Optimist Retirement Group LLC now owns 5,010 shares of the software maker’s stock valued at $398,000 after buying an additional 122 shares during the period. PDS Planning Inc increased its stake in Fortinet by 3.1% in the 4th quarter. PDS Planning Inc now owns 4,110 shares of the software maker’s stock valued at $326,000 after buying an additional 123 shares during the period. GW&K Investment Management LLC increased its stake in Fortinet by 31.4% in the 4th quarter. GW&K Investment Management LLC now owns 515 shares of the software maker’s stock valued at $41,000 after buying an additional 123 shares during the period. Delta Investment Management LLC increased its stake in Fortinet by 2.4% in the 4th quarter. Delta Investment Management LLC now owns 5,250 shares of the software maker’s stock valued at $417,000 after buying an additional 125 shares during the period. Finally, Personal CFO Solutions LLC increased its stake in Fortinet by 5.0% in the 1st quarter. Personal CFO Solutions LLC now owns 2,670 shares of the software maker’s stock valued at $218,000 after buying an additional 127 shares during the period. Institutional investors and hedge funds own 83.71% of the company’s stock.

About Fortinet

Fortinet, Inc (NASDAQ: FTNT) is a multinational cybersecurity company that develops and delivers integrated security solutions for enterprise, service provider and government customers worldwide. Founded in 2000 and headquartered in Sunnyvale, California, the company was co‑founded by Ken Xie and Michael Xie. Ken Xie serves as chairman and chief executive officer, and the company operates through a global sales, channel and services organization to support customers across the Americas, EMEA and Asia‑Pacific.

Fortinet’s product portfolio centers on network security appliances and software, with its FortiGate next‑generation firewalls and the FortiOS operating system forming a core platform.