Fortinet Stock Forecast for 2023 - 2025 - 2030

Updated on 03/28/2024

Stock Rating
11
Price Target
$77.00
Consensus
Neutral
Upside
7.75%
Analysts
3
Stock Rating
11
Upside
7.75%
Analysts
3
Price Target
$77.00

Fortinet Stock Forecast and Price Target

Fortinet's most recent price target of $77.00 for 2024 was provided by three renowned analysts over the past few months, with an average prediction of $77.00. If this prediction is correct, Fortinet's stock could rise by 7.75 percent from its current trading price. The potential increase for the stock is $77.00 per share, with a possible range of $55.11 to $90.00. If you want to buy FTNT stock, it might be a good idea to look at its competitors too.

$77.00

7.75% Upside

Hold
Hold

Fortinet Fair Value Forecast for 2023 - 2025 - 2030

In the last four years, Fortinet has seen a decline in its Price, from $29.54 to $0.00 – a 100.00% decrease. In the next year, analysts predict that Fair Value will jump to $313.92 – up 100.00% from the current level. Looking ahead to seven years, experts forecast that Fair Value will grow by 100.00%.

2024 Fair Value Forecast
$313.92
2025 Fair Value Forecast
$295.84
2026 Fair Value Forecast
$451.92
2027 Fair Value Forecast
$525.99
2028 Fair Value Forecast
$618.14
2029 Fair Value Forecast
$734.54
2030 Fair Value Forecast
$872.98
Ticker Name Consensus Stock Rating Price Buy/Sell Price Target Upside/Downside
MSFT Stock Forecast Microsoft Corp Buy 18
$404.52 Buy/Sell $465.63 14.95%
NVDA Stock Forecast NVIDIA Buy 16
$857.74 Buy/Sell $673.79 1.72%
AVGO Stock Forecast Broadcom Outperform 8
$1.29k Buy/Sell $1.21k 20.64%
CSCO Stock Forecast Cisco Systems Inc Outperform 9
$50.22 Buy/Sell $52.98 6.53%
INTC Stock Forecast Intel Hold 8
$44.86 Buy/Sell $46.33 0.62%

Fortinet Revenue Forecast for 2023 - 2025 - 2030

In the last three years, Fortinet's Revenue has grown, moving from $2.59B to $5.30B – an increase of 104.47%. In the next year, analysts predict that Revenue will jump to $6.08B – up 14.66% from the current level. Looking ahead to seven years, experts forecast that Revenue will grow by 148.83%.

2024 Rev Forecast
$6.08B
2025 Rev Forecast
$6.25B
2026 Rev Forecast
$8.30B
2027 Rev Forecast
$9.40B
2028 Rev Forecast
$10.55B
2029 Rev Forecast
$11.84B
2030 Rev Forecast
$13.20B
Ticker Name Consensus Stock Rating Price Buy/Sell Price Target Upside/Downside
IBM Stock Forecast International Business Machine... Hold 7
$191.73 Buy/Sell $175.67 -2.99%
NOW Stock Forecast ServiceNow Outperform 12
$756.74 Buy/Sell $832.11 10.74%
PANW Stock Forecast Palo Alto Networks Outperform 7
$283.33 Buy/Sell $316.80 18.24%

Fortinet Dividend per Share Forecast for 2023 - 2025 - 2030

2024 DPS Forecast
$0.00
2025 DPS Forecast
$0.00
2026 DPS Forecast
$0.00
2027 DPS Forecast
$0.00
2028 DPS Forecast
$0.00
2029 DPS Forecast
$0.00
2030 DPS Forecast
$0.00
Ticker Name Consensus Stock Rating Price Buy/Sell Price Target Upside/Downside
SNPS Stock Forecast Synopsys Outperform 9
$565.32 Buy/Sell $611.27 11.44%
ANET Stock Forecast Arista Networks Outperform 7
$271.02 Buy/Sell $288.18 10.69%
CDNS Stock Forecast Cadence Design Systems Outperform 8
$305.74 Buy/Sell $315.45 4.66%

Fortinet Free Cash Flow Forecast for 2023 - 2025 - 2030

2024 FCF Forecast
$2.69B
2025 FCF Forecast
$2.38B
2026 FCF Forecast
$2.75B
2027 FCF Forecast
$3.17B
2028 FCF Forecast
$3.63B
2029 FCF Forecast
$4.25B
2030 FCF Forecast
$4.94B
Ticker Name Consensus Stock Rating Price Buy/Sell Price Target Upside/Downside
DELL Stock Forecast Dell Technologies Outperform 8
$115.86 Buy/Sell $73.32 7.89%
CRWD Stock Forecast CrowdStrike Holdings Buy 13
$317.37 Buy/Sell $202.86 26.04%
WDAY Stock Forecast Workday Outperform 16
$266.72 Buy/Sell $257.26 19.98%

Fortinet EBITDA Forecast for 2023 - 2025 - 2030

In the last three years, EBITDA for Fortinet has grown by 140.88%, going from $560.40M to $1.35B. In the coming year, analysts are expecting an increase in EBITDA, predicting it will reach $1.73B – an increase of 28.37%. Over the next seven years, experts anticipate that EBITDA growth for Fortinet will be 304.64%.

2024 EBITDA Forecast
$1.73B
2025 EBITDA Forecast
$2.17B
2026 EBITDA Forecast
$2.62B
2027 EBITDA Forecast
$3.19B
2028 EBITDA Forecast
$3.82B
2029 EBITDA Forecast
$4.58B
2030 EBITDA Forecast
$5.46B
Ticker Name Consensus Stock Rating Price Buy/Sell Price Target Upside/Downside
MSI Stock Forecast Motorola Solutions Outperform 9
$338.03 Buy/Sell $328.00 6.50%
ADSK Stock Forecast Autodesk Inc Outperform 14
$258.26 Buy/Sell $246.34 13.45%
DDOG Stock Forecast Datadog Outperform 11
$121.45 Buy/Sell $121.79 23.51%

Fortinet EBIT Forecast for 2023 - 2025 - 2030

Fortinet's EBIT has grown in the last three years, jumping from $491.60M to $1.24B – an increase of 151.53%. In the next year, analysts predict that EBIT will reach $1.64B – an increase of 32.25%. For the next seven years, the forecast is for EBIT to grow by 329.95%.

2024 EBIT Forecast
$1.64B
2025 EBIT Forecast
$2.12B
2026 EBIT Forecast
$2.77B
2027 EBIT Forecast
$3.05B
2028 EBIT Forecast
$3.68B
2029 EBIT Forecast
$4.43B
2030 EBIT Forecast
$5.32B
Ticker Name Consensus Stock Rating Price Buy/Sell Price Target Upside/Downside
NET Stock Forecast Cloudflare Hold 7
$97.06 Buy/Sell $65.90 5.60%
HO Stock Forecast Thales Outperform 18
140.70€ Buy/Sell 154.47€ 13.72%
HPQ Stock Forecast HP Outperform 10
$30.86 Buy/Sell $31.54 3.69%

Fortinet EPS Price Prediction Forecast for 2023 - 2025 - 2030

In the last four years, Fortinet has seen a decline in its EPS, from $0.67 to $0.00 – a 100.00% decrease. In the next year, analysts predict that EPS will jump to $7.12 – up 100.00% from the current level. Looking ahead to seven years, experts forecast that EPS will grow by 100.00%.

2024 EPS Forecast
$7.12
2025 EPS Forecast
$6.71
2026 EPS Forecast
$10.25
2027 EPS Forecast
$11.93
2028 EPS Forecast
$14.02
2029 EPS Forecast
$16.66
2030 EPS Forecast
$19.80
Ticker Name Consensus Stock Rating Price Buy/Sell Price Target Upside/Downside
ZS Stock Forecast Zscaler Outperform 12
$200.74 Buy/Sell $192.11 30.45%
SPLK Stock Forecast Splunk Hold 7
$156.50 Buy/Sell $144.17 0.32%
BR Stock Forecast Broadridge Financial Solutions Hold 18
$202.36 Buy/Sell $208.09 3.78%