Jump to any asset
849 assets, updated daily
As of September 26, 2026, Fortinet, Inc. (FTNT) trades at $173.46. CleaRank Financial AI rates it Hold with a fair value of $165.00, 4.9% below the current price. Wall Street's consensus target is $165.00 across 44 analysts. RSI at 70 is in overbought territory, and the price is above its 50-day average of $161.56.
Fortinet, Inc. (FTNT)
Fortinet, Inc. NASDAQ
$173.46
-5.210 (-2.92%)
At close: Sep 25, 4:00 PM EDT
AI Analyst Consensus
53 / 100
Fortinet, Inc. (FTNT) is currently trading at $173.46, above its 50-day and 200-day moving averages ($161.56 and $116.18), indicating positive short-to-medium term momentum. The company has demonstrated strong revenue growth of 25.6% and maintains strong profit margins, outperforming the sector average in revenue growth. However, significant insider selling, with over $216 million in dispositions versus only $34.9 thousand in purchases, presents a notable risk. The analyst consensus is predominantly 'Hold' (31 out of 44 analysts), with a median price target of $165.00, suggesting limited upside from current levels.
FTNT Price Analysis
Market Metrics
Open
$177.30
Day Range
$172.83 to $177.78
Prev Close
$178.67
Volume
2.51M
52-Week Range
$73.55 to $181.37
Market Cap
$127.27B
Peer Benchmarking
Valuation vs Sector (Technology)
Performance vs XLK
Sector Position Analysis
Trading at a significant premium to sector peers (+86%), suggesting market expectations for superior growth or market position.
FTNT Financial Performance
Revenue vs. Earnings
Annual
Quarterly
Earnings Reality Check
Analysis: In the last 5 quarters, FTNT beat estimates 4 times. The stock rose 3 times the next day. Price tends to react positively to beats.
FTNT Analysis
Company's Health
4/5
12-Month Analyst Target
-4.88% Downside
Median of 44 analysts (12-month)
$165.00
AI Technical Analysis
Fortinet's stock is currently trading above its 50-day SMA of $161.56 and its 200-day SMA of $116.18, signaling an upward trend. The RSI is at 70.24, indicating an 'OVERBOUGHT' condition, which may suggest a potential for a short-term pullback. Volume has been below average recently, with the latest volume at 2.51 million compared to an average of 4.94 million. Key support levels are near the 50-day SMA, while resistance may be found near recent highs. The MACD at 4.70 suggests bullish momentum, but the overbought RSI warrants caution.
ProTips
- Monitor insider selling closely; a continued trend could signal management's concerns about future performance.
- Given the 'overbought' RSI, consider waiting for a pullback to a support level near the 50-day SMA ($161.56) before initiating or adding to a position.
- The significant insider selling of over $216 million warrants careful consideration of the company's near-term prospects and valuation.
Key Catalysts
Bearish
Heavy Insider Selling Exceeds $216 Million
Insiders have sold over $216 million worth of Fortinet stock, significantly outweighing purchases. This heavy selling pressure could indicate a lack of confidence from management in the stock's near-term trajectory.
Source: Insider TransactionsNeutral
Mixed Analyst Ratings and 'Hold' Consensus
While some analysts maintain 'Buy' ratings, the majority (31 out of 44) rate Fortinet as 'Hold', leading to a median price target of $165.00, which is below the current price.
Source: Wall Street AnalystsBullish
Strong Revenue Growth Continues
Fortinet is projected to achieve 20.00% revenue growth in the current quarter and 19.00% for the full year, demonstrating sustained demand for its cybersecurity solutions.
Source: Revenue EstimatesBullish
Positive Technical Momentum
The stock is trading above its 50-day and 200-day moving averages ($161.56 and $116.18), and the MACD indicates bullish momentum, suggesting a positive short-term trend.
Source: Technical AnalysisMarket Outlook
Fortinet's base case outlook suggests a potential for modest downside from current levels, with a median analyst price target of $165.00, implying a -4.9% upside. The company's strong revenue growth and strong profit margins provide a solid foundation, but the current valuation and significant insider selling present headwinds. Upside catalysts could emerge from continued strong execution on revenue growth and successful product innovation in cybersecurity. Conversely, a failure to meet elevated growth expectations, increased competition, or a broader market downturn could pressure the stock towards its downside projection of $113.05.
Key Statistics
| Market Cap | 127.27B |
|---|---|
| P/E Ratio | 63.36 |
| EPS (TTM) | 2.82 |
| Dividend Yield | 0.00% |
| 52 Week High | 181.37 |
| 52 Week Low | 73.55 |
Fortinet's valuation appears stretched, with a P/E ratio of 63.36, significantly higher than the sector median of 34. Its price-to-sales ratio of 17.42 also exceeds the sector average of 7.5. Despite this premium valuation, the company exhibits strong fundamentals with a profit margin of 28.17% and an impressive return on equity of 117.44%, both well above sector averages. The company's debt-to-equity ratio of 0.36 is in line with the sector average. While growth is strong, the high P/E ratio suggests that future growth is already priced in, and any slowdown could pressure the stock.
Earnings & Growth Analysis
Fortinet most recently reported earnings for the quarter ending June 2026, with an EPS of $0.90, beating the estimate of $0.75 by 20% and resulting in a 0.67% price increase. This follows a pattern of mixed earnings performance, including a miss in the prior quarter to June 2026 where EPS was $2.81 against an estimate of $3.14, leading to a -2.27% price drop. Revenue growth remains a strong point, with the current quarter's estimate at +20.00% year-over-year. The company's ability to consistently meet or exceed revenue expectations is a positive indicator for its ongoing business expansion.
Key Risks
The primary risk for Fortinet is its elevated valuation, with a P/E ratio significantly higher than its peers, suggesting that future growth expectations are already priced in. Heavy insider selling, totaling over $216 million, also signals a potential lack of confidence from management regarding near-term stock performance. Also, the 'OVERBOUGHT' RSI reading indicates that the stock may be due for a correction, and the predominantly 'Hold' analyst ratings suggest limited upside potential from the current price.
Technical Indicators
| RSI (14) | 70.24 |
|---|---|
| MACD | 4.70 |
| SMA 50 | 161.56 |
| SMA 200 | 116.18 |
RSI
Overbought
SMA Cross
Bullish
Price vs SMA
Bullish
MACD
Bullish
Golden Cross in effect with the 50-day SMA ($161.56) above the 200-day SMA ($116.18), price action is firmly bullish above key moving averages, RSI at 70.2 indicates overbought conditions; consider caution for immediate entries.
Market Correlations
How this stock moves relative to other assets
Based on 1 year of daily price data. Correlations may vary over different time periods.
S&P 500 (SPY)
+0.38
Weak correlation
Nasdaq 100 (QQQ)
+0.38
Weak correlation
Bitcoin (BTC)
+0.19
Weak correlation
Gold (XAU)
+0.03
Weak correlation
Check Custom Correlation
How does any other asset move with FTNT? One year of daily closes, Pearson correlation.
Try
FTNT Trade Plans
Specific entry, exit, and risk management levels
Select Your Trade Bias
Risk Tolerance
Conservative
2%
Aggressive
Portfolio Value
$
Position Size: Enter portfolio size →
Entry Strategies pick an entry style
Conservative
$171.73
Slight discount to current
Wait for small dip
Aggressive
$173.46
At current price
Enter now if confident
Risk Management
STOP LOSS
$161.56
MAX LOSS
-5.9%
Volatility-Adjusted Stop Loss
Calculated based on RSI (70.2) and current market volatility
Profit Targets (Based on Conservative Entry)
TARGET 1
$176.88
+3% (Conservative)
+2.0% (Aggressive)
TARGET 2
$180.31
+5% (Conservative)
+4.0% (Aggressive)
TARGET 3
$185.46
+8% (Conservative)
+6.9% (Aggressive)
Consider scaling out: Take 50% profit at Target 1, 30% at Target 2, let 20% run to Target 3
Calculate Your Trade
High-Volatility Risk Disclaimer
FTNT is classified as a high-volatility asset (Daily Vol: 3.29%). Aggressive price swings can lead to rapid capital loss. Liquidity risks may prevent exiting trades at desired prices. This AI-generated analysis is for educational purposes only and is not financial advice. Generated on September 26, 2026.Growth of $10,000
A $10,000 investment in FTNT in September 2016 would be worth about $240,050 today, compared with about $36,004 for the same investment in the S&P 500 benchmark.
Compare with Another Ticker
Monte Carlo Projection (10yr)
CleaRank's 10-year Monte Carlo simulation projects that a $10,000 investment in FTNT today could grow to about $48,726 by 2036 in the base case, with a bull case near $261,045 and a bear case around $9,095. Projections are statistical simulations, not guarantees.
FTNT Stock Price Prediction: 2030
CleaRank's simulation projects a price near $327 for FTNT by 2030 in the base case, from $173 today (1.9x over 4 years). The downside path ends near $113. These are outcomes of a Monte Carlo simulation run on FTNT's historical return distribution, not price targets, and they assume no dividends are reinvested.
| Year | Downside (10th pct) | Base case | Upside (90th pct) |
|---|---|---|---|
| 2027 | $120 | $203 | $346 |
| 2028 | $112 | $238 | $504 |
| 2029 | $111 | $279 | $700 |
| 2030 | $113 | $327 | $945 |
| 2031 | $117 | $383 | $1,255 |
| 2032 | $122 | $449 | $1,646 |
| 2033 | $129 | $526 | $2,141 |
| 2034 | $137 | $616 | $2,763 |
| 2035 | $147 | $721 | $3,546 |
| 2036 | $158 | $845 | $4,528 |
Method: 10,000 simulated price paths using FTNT's historical volatility and drift, re-run daily. The base case is the median path; the two outer columns are the 10th and 90th percentile outcomes, which widen with time because uncertainty compounds. FTNT is highly volatile, so its upside column reaches an extreme multiple; treat it as a statistical tail, not an expectation. Simulations are not guarantees, and past volatility does not predict future returns. This is analysis, not investment advice.
People Also Watch
FTNT Insider Trading Analysis
Bought
$34.9K
1 Transactions
Sold
$216.1M
26 Transactions
Insiders
13
Active Traders
Avg Transaction
$8.0M
Large trades
| Date | Insider | Type | Shares | Value |
|---|---|---|---|---|
| Aug 4, 2025 | XIE MICHAEL
Officer and Director
|
Sell | 476.6K | $46.9M |
| Feb 9, 2023 | PERCHE PATRICE
Officer
|
Sell | 575.5K | $33.9M |
| Mar 11, 2025 | XIE MICHAEL
Chief Technology Officer
|
Sell | 326.8K | $32.1M |
| Feb 2, 2026 | XIE MICHAEL
Chief Technology Officer
|
Sell | 343.1K | $27.9M |
| Aug 3, 2026 | XIE KENNETH QING
Chief Executive Officer
|
Sell | 161.5K | $26.3M |
| Aug 24, 2021 | XIE MICHAEL
Chief Technology Officer
|
Sell | 80.0K | $24.1M |
| Jun 2, 2026 | XIE KENNETH QING
Chief Executive Officer
|
Sell | 160.6K | $23.4M |
| Mar 10, 2025 | XIE KENNETH QING
Chief Executive Officer
|
Sell | 206.0K | $20.0M |
| May 21, 2026 | WHITTLE JOHN
Chief Operating Officer
|
Sell | 146.0K | $18.7M |
| May 24, 2021 | XIE MICHAEL
Chief Technology Officer
|
Sell | 80.0K | $17.1M |
Page 1 of 1
Frequently Asked Questions
What is Fortinet's stock price forecast for 2030?
Fortinet's stock price forecast for 2030, based on Monte Carlo simulations, projects a base case of $326.82, with a downside scenario of $113.05 and an upside scenario of $944.79. These are statistical outcomes, not guaranteed price targets.
Is Fortinet stock a buy right now?
Fortinet is currently rated 'Hold' by Wall Street analysts, with a consensus score of 53. While the stock shows positive technical momentum and strong revenue growth, the high valuation and significant insider selling present considerable risks.
What is Fortinet's current valuation compared to its sector?
Fortinet's P/E ratio of 63.36 and its price-to-sales ratio is 17.42, both significantly higher than the sector medians of 34 and 7.5, respectively. This indicates the stock is trading at a premium valuation.
How has Fortinet performed in recent earnings reports?
Fortinet recently beat earnings estimates for the quarter ending June 2026 with a 20% EPS surprise, leading to a positive stock reaction. However, the prior quarter to June 2026 saw an earnings miss, highlighting some inconsistency.
What are the main risks facing Fortinet?
Key risks include its stretched valuation relative to the sector, substantial insider selling exceeding $216 million, and an 'overbought' technical condition indicated by its RSI. The stock's current price may also be vulnerable to a pullback.
What is the outlook for Fortinet's revenue growth?
Fortinet is expected to continue its strong revenue growth trajectory, with current quarter estimates showing a 20.00% year-over-year increase and the current year projected at 19.00%. This indicates sustained demand for its products and services.
What do Wall Street analysts recommend for Fortinet stock?
The majority of Wall Street analysts rate Fortinet as 'Hold' (31 out of 44), contributing to a consensus score of 53. The median price target is $165.00, suggesting a slight downside from the current trading price.