Fortinet (NASDAQ:FTNT) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Fortinet (NASDAQ:FTNT) had its price target lifted by JPMorgan Chase & Co. from $72.00 to $73.00 in a research note issued on Friday,Benzinga reports. The brokerage presently has an “underweight” rating on the software maker’s stock. JPMorgan Chase & Co.‘s price objective indicates a potential downside of 11.81% from the company’s current price.

A number of other research firms also recently issued reports on FTNT. Mizuho increased their price target on shares of Fortinet from $72.00 to $74.00 and gave the stock an “underperform” rating in a research note on Friday. HSBC cut Fortinet from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 7th. Daiwa Securities Group downgraded Fortinet from an “outperform” rating to a “neutral” rating and set a $86.00 price objective for the company. in a report on Wednesday, November 12th. Truist Financial set a $88.00 target price on shares of Fortinet in a report on Tuesday, January 20th. Finally, Wedbush reiterated an “outperform” rating and issued a $90.00 price target on shares of Fortinet in a research note on Friday. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, twenty-five have assigned a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $90.86.

Fortinet Trading Up 4.9%

Shares of NASDAQ FTNT traded up $3.85 during midday trading on Friday, reaching $82.78. The company had a trading volume of 12,109,945 shares, compared to its average volume of 7,040,202. The stock has a market cap of $61.56 billion, a PE ratio of 34.07, a price-to-earnings-growth ratio of 2.80 and a beta of 1.06. Fortinet has a one year low of $70.12 and a one year high of $114.82. The firm’s fifty day moving average price is $80.34 and its 200-day moving average price is $83.05. The company has a quick ratio of 0.94, a current ratio of 1.03 and a debt-to-equity ratio of 0.68.

Fortinet (NASDAQ:FTNT) last posted its earnings results on Thursday, February 5th. The software maker reported $0.81 earnings per share for the quarter, topping analysts’ consensus estimates of $0.74 by $0.07. Fortinet had a net margin of 28.58% and a return on equity of 118.27%. The company had revenue of $1.91 billion during the quarter, compared to analyst estimates of $1.86 billion. During the same period in the prior year, the business posted $0.74 earnings per share. Fortinet’s revenue for the quarter was up 14.8% on a year-over-year basis. Fortinet has set its Q1 2026 guidance at 0.590-0.630 EPS and its FY 2026 guidance at 2.940-3.000 EPS. On average, equities research analysts anticipate that Fortinet will post 2.09 earnings per share for the current year.

Insider Activity

In other news, CEO Ken Xie sold 175,737 shares of the company’s stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $81.42, for a total value of $14,308,506.54. Following the transaction, the chief executive officer owned 51,396,385 shares in the company, valued at approximately $4,184,693,666.70. This represents a 0.34% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Michael Xie sold 343,106 shares of the firm’s stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $81.42, for a total transaction of $27,935,690.52. Following the sale, the vice president directly owned 10,210,282 shares of the company’s stock, valued at $831,321,160.44. This trade represents a 3.25% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 17.20% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Fortinet

Several large investors have recently bought and sold shares of the business. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its holdings in Fortinet by 6.8% during the second quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,305,352 shares of the software maker’s stock valued at $137,800,000 after purchasing an additional 82,937 shares in the last quarter. Allstate Corp bought a new stake in shares of Fortinet during the 3rd quarter valued at $2,034,000. Asset Management One Co. Ltd. lifted its stake in shares of Fortinet by 4.7% during the 3rd quarter. Asset Management One Co. Ltd. now owns 402,278 shares of the software maker’s stock valued at $33,824,000 after buying an additional 17,892 shares in the last quarter. Warther Private Wealth LLC boosted its holdings in Fortinet by 39.7% in the 2nd quarter. Warther Private Wealth LLC now owns 182,160 shares of the software maker’s stock worth $19,258,000 after buying an additional 51,750 shares during the period. Finally, Wealth Enhancement Advisory Services LLC increased its stake in Fortinet by 465.3% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 756,651 shares of the software maker’s stock worth $64,255,000 after buying an additional 622,809 shares in the last quarter. 83.71% of the stock is currently owned by institutional investors.

Key Headlines Impacting Fortinet

Here are the key news stories impacting Fortinet this week:

• Positive Sentiment: Q4 beat — Fortinet reported Q4 EPS of $0.81 vs. $0.74 expected and revenue of $1.91B vs. $1.86B estimated; billings rose ~18% and product revenue grew ~20%, underpinning margin strength and demand across its security portfolio. Fortinet Q4 Earnings & Revenues Beat Estimates
• Positive Sentiment: Stronger FY outlook — Fortinet raised FY2026 EPS guidance to $2.94–3.00 (consensus ~2.79) and reiterated revenue targets, suggesting management sees durable demand into 2026. Fortinet Reports Strong Fourth Quarter and Full Year 2025 Financial Results
• Positive Sentiment: Capital return boost — Company expanded buyback by $1B to $10.25B total, increasing shareholder return optionality and supporting the share price. Fortinet Stock: Shares Jump on Strong Q4 Earnings Beat
• Positive Sentiment: Analyst upside — Some firms raised targets (e.g., Rosenblatt to $105), reflecting renewed conviction from select sell‑side desks. Rosenblatt Raises Fortinet Price Target
• Neutral Sentiment: Q1 guidance mixed — Fortinet set Q1 EPS at $0.59–0.63 (consensus ~0.62), roughly in line but with a slightly lower midpoint; near-term cadence could keep volatility elevated. Fortinet Press Release / Transcript
• Neutral Sentiment: Mixed analyst views — While some firms raised targets, others remain cautious or neutral (Jefferies, Baird), reflecting debate over 2026 service growth vs. product momentum. Jefferies Sees Modest Q4 Beat
• Negative Sentiment: Insider selling — Recent filings show sizable insider sales by senior executives, which can concern some investors about near-term conviction. CEO Insider Sale VP Insider Sale
• Negative Sentiment: Analyst downgrade/underperform calls — Some shops (e.g., Mizuho maintaining an underperform) still see downside given valuation and 2026 growth uncertainty. Mizuho Price Target Note

Fortinet Company Profile

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.