Fortinet (FTNT.US) Price Target and Rating 2026/2027

160,30
-2,33%
Price history for Fortinet (FTNT.US) – stock price at 160.30 $, August 2026
Fortinet stock price – price development 2026. Updated Aug 6, 2026.
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Fortinet 2026 Price Target

The average price target for Fortinet is $159.51. This price target represents the analysts' view of the stock price over the next 12 months. The stock appears overvalued, because the price target is lower than the current price. It is -0,49% above the target, and analysts expect the price to fall over the next 12 months. Even if the stock may be overvalued, price momentum can last longer than expected. That is why it is important to keep an eye on the stock and its momentum on an ongoing basis. WallStreetBuys helps you with the technical analysis and keeps you up to date on the development.

Is Fortinet overvalued or undervalued?

Fortinet is currently fairly valued with a gap of 0.5% relative to the price target.


The current price is $160.30, which places Fortinet in the fairly valued category. The stock is considered undervalued when the price is below $143.56, and overvalued when the price exceeds $175.46.


The fair value range is defined as ±10% of the price target, because price targets are estimates rather than exact values. For Fortinet, the fair value range lies between $143.56 and $175.46.


See the full price target analysis for Fortinet →

Analyst Ratings for Fortinet stock in 2026: Hold

45 analysts cover Fortinet. Analysts are mostly neutral — 60% recommend Hold. The average price target is $159.51, which is 0.5% below the current price.

Consensus: Hold (3.47/5)
Strong Buy
9 (20%)
Buy
7 (15.6%)
Hold
27 (60%)
Strong Sell
2 (4.4%)
Strong Sell Sell Hold Buy Strong Buy
3.47 out of 5 based on 45 analysts

About Fortinet – Software - Infrastructure

Fortinet laver løsninger til cybersikkerhed og netværk over hele verden. De tjener primært penge på at sælge hardware og softwarelicenser, især deres FortiGate-produkter. FortiGate giver kunderne firewall, VPN og beskyttelse mod malware. Fortinet sælger også FortiSwitch til sikre netværksforbindelser og FortiAP, som laver trådløse netværk. Derudover udvikler Fortinet software til centraliseret netværksanalyse, som for eksempel FortiAnalyzer. Virksomheden blev grundlagt i år 2000 og har i dag over 13.000 ansatte. De har et stort fokus på at levere integrerede sikkerhedsløsninger til både små og store virksomheder globalt. Read more about the company

Key Figures for Fortinet

$ 123B Market cap
$ 7,5B Revenue
Software - Infrastructure Industry
57.83 P/E
16.40 P/S
76.61 P/B
USA Listed on exchange

What kind of stock is Fortinet?

Growth stock Momentum stock

Fortinet is classified as a growth stock and momentum stock. This means the stock combines several attractive traits, and strong price momentum.

Score Overview for Fortinet

💰 Value Score 10/100 (Very Low)
⭐ Quality Score 83/100 (Very High)
🚀 Momentum Score 97/100 (Very High)
📊 Total Score 63/100

⚠️ 1 red flag identified 1 critical

Our analysis has identified 1 potential risk factor in Fortinet that investors should be aware of.

🚨 High debt: The debt-to-equity ratio is 554% – the company carries considerably more debt than equity, which raises the financial risk.

📈 Valuation

Fortinet trades at a P/E ratio of 57.8, which is above the market average. The forward P/E is 52.6 (9% lower), which suggests the market expects rising earnings. The P/S ratio is 16.4 (high — the market pays a premium for the revenue). The P/B ratio is 76.6. The PEG ratio is 2.24 — above 2.0 suggests the stock is expensive relative to its growth rate.

💵 Profitability & Growth

Fortinet has a profit margin of 28.2% (excellent) and an operating margin of 33.6%. Return on equity (ROE) is 117.4% — excellent return on equity. Return on assets (ROA) is 14.2%. The latest quarterly earnings grew 43.9% year over year — strong growth.

🏦 Financial Health

The Piotroski score is 6 out of 9 — good financial health. Altman Z2 is 2.54 (middle zone — moderate). The debt-to-equity ratio (D/E) is 553.6% — high debt, which raises the risk.

🚀 Momentum & Short Interest

Short interest is 2.39%.

Insider Trading in Fortinet 2026: The Signal Is negative

In 2026, insiders at Fortinet have made 20 transactions, all of which were sales. On a net basis, insiders took 63,448,286 $ out of the stock. Active insiders include Ohlgart Christiane, Xie Michael, Xie Ken and others. In the short term (last 3 months), the insider signal is negative.

Short-Term Signal (3 months): Negative

Insiders have exclusively sold shares over the last 3 months.

Over the last 3 months: 0 purchases and 13 sales. A net 62,340,550 $ out of the stock.

Long-Term Signal (all transactions): Negative

Insiders have exclusively sold shares in the recent period. This can suggest management sees limited opportunity.

Across the last 20 transactions: 0 purchases and 20 sales. A net 63,448,286 $ out of the stock.

Latest sale: Ohlgart Christiane sold 387 shares at 165 $ each on 2026-08-04.

Who is selling: Ohlgart Christiane, Xie Michael, Xie Ken, Whittle John.

Latest Insider Trades in Fortinet (2026)

The table shows the last 20 reported insider transactions in Fortinet. Green rows are purchases, red rows are sales. The data is based on official filings.

Transaction date Name Type Number of shares Price per share ($) Total amount ($)
2026-08-04 Ohlgart Christiane Sell 387 165 63,696
2026-08-03 Xie Michael Sell 700 164 114,786
2026-08-03 Xie Ken Sell 155,000 164 25,495,950
2026-08-01 Xie Michael Sell 2,764 162 447,630
2026-08-01 Xie Ken Sell 6,260 162 1,013,807
2026-08-01 Whittle John Sell 1,608 162 260,416
2026-08-01 Ohlgart Christiane Sell 684 162 110,774
2026-06-03 Xie Michael Sell 464 148 68,811
2026-06-02 Xie Ken Sell 155,000 149 23,085,700
2026-05-21 Whittle John Sell 89,000 130 11,529,950

Who is buying and selling Fortinet shares in 2026?

The following insiders have sold shares: Ohlgart Christiane, Xie Michael, Xie Ken, Whittle John. In total, 63,448,286 $ was sold across 20 transactions. Insider trades are legal transactions in which executives and board members buy or sell shares of their own company. These transactions are reported to the SEC and are publicly available.

Fortinet Short Selling 2026: 2.4% Sold Short

Moderate short interest: 2.4% of the free float
Short % of free float
2.4%
Assessment
Moderate short interest
Short squeeze risk
Low
Data source
SEC
Updated daily
The stock has a moderate share of short selling. Between 2-5% of the freely traded shares are sold short, which is within the normal range for most stocks.

Data is updated daily based on official filings with the SEC.
Short Interest Scale
0% 2% 5% 10% 20%+
Low Moderate High Very High Extreme
2.4%

When Does Fortinet Report Earnings?

The next earnings date for Fortinet is not yet available. Check the company's investor calendar for more information.



Technical Analysis of Fortinet 2026 – Signal: Strong Buy

Overall Technical Signal: Strong Buy

Based on trend analysis (SMA50/SMA200) and MACD trend (positive/negative on a daily + weekly basis). Updated August 6, 2026.

Technical analysis of Fortinet (FTNT.US) – RSI 60, MACD positive (bullish), daily candlestick chart August 2026
Fortinet technical analysis – candlestick chart with RSI and MACD. Updated Aug 6, 2026.

Trend Analysis of Fortinet, Inc

Fortinet, Inc is in a short-term uptrend. The price of $164.13 is 3.2% above the 20-day average ($159.02). Medium term, the picture is positive: the price is 8.2% above the 50-day average ($151.72). Long term, the stock is 61.3% above the 200-day average ($101.77), which confirms a long-term uptrend.

Golden Cross: The 50-day average (151.72) is above the 200-day average (101.77), which is a classic bullish signal for Fortinet, Inc.

Is Fortinet, Inc overbought or oversold?

Fortinet, Inc has an RSI of 59.7. The stock shows positive momentum in the upper part of the neutral zone. Combined with the positive trend, this supports the bullish picture.

MACD Analysis for Fortinet, Inc

Daily MACD: MACD is positive (3.194), which means the short-term trend is bullish (the 12-day EMA is above the 26-day EMA). MACD is above the signal line (2.882) by 0.312, which confirms rising momentum in the uptrend.

Weekly MACD: MACD5 is positive (19.910), which indicates a broader bullish long-term trend. MACD5 is above the signal line (16.035) by 3.875, which confirms rising long-term momentum.

Overall MACD assessment: Both the daily and weekly MACD are positive and above their signal lines. Trend and momentum confirm each other across time horizons – the strongest bullish signal.

Risk Profile for Fortinet, Inc

Fortinet, Inc has an annual standard deviation of 45.7%, which classifies the stock as high risk. Sizeable price swings are normal, and the stock requires a higher risk tolerance.

Overall Technical Conclusion for Fortinet, Inc

Trend: Positive. The price trades above SMA50 and SMA200.

MACD trend (zero line): Daily bullish (3.194). Weekly bullish (19.910).

MACD momentum (signal): Daily rising. Weekly rising.

RSI: 59.7 – neutral.

Technical signal: Strong Buy

The price is in an uptrend (above SMA50/SMA200) and MACD is positive on both a daily and weekly basis. Trend and MACD trend confirm each other – the strongest technical buy signal.

Frequently Asked Questions About Fortinet stock in 2026

Should you buy Fortinet stock now?
Yes, the technical signal for Fortinet is currently BUY. Fortinet trades at $160.30 as of 8/6/2026. The overall technical signal is: Strong Buy. The technical analysis shows the following: MACD is positive (bullish trend) at 3.194 with rising momentum (signal: 2.882); RSI is at 59.7 (neutral zone); the stock is in a short-term uptrend (price above the 20-day average); the analyst price target of $159.51 is 0.5% below the current price. The stock is in a broader uptrend (above SMA50/SMA200). This is a technical observation based on current data, not investment advice.
What is the price target for Fortinet stock?
The average analyst price target for Fortinet is $159.51. The current price is $160.30, which gives a downside of 0.5%. Based on this, the stock is considered fairly valued. The fair value range (±10% of the price target) is between $143.56 and $175.46.
Is Fortinet a dividend stock?
No, Fortinet does not currently pay a dividend to shareholders. The company reinvests its profits in growth instead of paying dividends.
What is the risk of Fortinet stock?
Fortinet is rated as a stock with high risk. the annual standard deviation is 45.7%, which classifies the stock as high risk.
Is Fortinet overvalued?
Fortinet is considered fairly valued – the price is close to the analyst price target. Fortinet has the following valuation ratios: a P/E ratio of 57.8 (highly valued), a P/S ratio of 16.4, a P/B ratio of 76.6. The stock trades close to the analyst price target and is considered fairly valued.
Is Fortinet overbought?
No, Fortinet is not overbought. RSI is at 59.7 (neutral zone). The technical indicators show: RSI is at 59.7 (neutral zone between 30-70), which signals neither overbought nor oversold. In addition, the price is 0.8% above the 20-day average (short-term uptrend). In addition, MACD is positive with rising momentum (bullish).
When is the next Fortinet earnings report?
The date of the next earnings report for Fortinet has not been published yet. Check the company's investor calendar for updates.
Is Fortinet shorted?
Yes, Fortinet is shorted with 2.4% of the free float sold short. This is a moderate level of short selling, within the normal range for most stocks. Data is updated daily based on official filings with the SEC.
Are insiders buying Fortinet stock?
No, insiders are not buying Fortinet shares – they are net sellers. Over the last 3 months, insiders have made 0 purchases and 13 sales. On a net basis, 62,340,550 $ worth of shares were sold. Across the last 20 reported transactions, the split is 0 purchases and 20 sales, with a net 63,448,286 $ sold. Active sellers include Ohlgart Christiane, Xie Michael, Xie Ken and others. Insider selling can have several explanations (e.g. planned 10b5-1 sales, portfolio diversification or taxes), but sustained selling by several insiders is worth watching closely.
Is Fortinet a good stock?
Based on our total score, Fortinet is rated as a good stock with a total score of 63 out of 100. The stock scores above average on value, quality and momentum – it is among the top 37% in our database. The score is made up of Value: 10/100, Quality: 83/100, Momentum: 97/100. In addition: technical signal: Strong Buy. Whether Fortinet is a good investment depends on your time horizon, risk profile and portfolio. This is a data-driven observation, not investment advice.
What is the outlook for Fortinet stock?
The outlook for Fortinet based on current data: the average analyst price target is $159.51 (-0.5%); the stock is in an uptrend (above SMA50 and SMA200); the P/E ratio is 57.8 (high – the market expects growth). Keep in mind that stock prices are affected by many factors, including earnings reports, the economy and market sentiment. Past returns are no guarantee of future returns.
Why is Fortinet stock moving?
Fortinet is stable right now. The technical indicators show: the price is close to the 20-day average; MACD is positive with rising momentum (bullish signal); insiders have mostly been selling the stock recently. For the latest context, see our technical analysis, insider section and news overview above.
How high can Fortinet go?
The average analyst price target for Fortinet is $159.51, which is 0.5% below the current price of $160.30. Keep in mind that price targets are estimates, not guarantees. Actual price moves depend on earnings, market conditions and unexpected events.
How low can Fortinet fall?
We lack enough history to give a specific floor for Fortinet. Remember: past price swings are no guarantee for the future — a stock can fall further than the last 52 weeks suggest, especially on profit warnings, sector crises or a market crash. Use stop-loss orders and spread your portfolio to limit losses in single stocks.
What does Fortinet do?
Fortinet laver løsninger til cybersikkerhed og netværk over hele verden. De tjener primært penge på at sælge hardware og softwarelicenser, især deres FortiGate-produkter. FortiGate giver kunderne firewall, VPN og beskyttelse mod malware. Fortinet sælger også FortiSwitch til si... The company belongs to the Teknologi sector, more specifically the Software - Infrastructure industry, is headquartered in USA, and is traded on the USA Stocks. See the key figures, earnings history and price development above to evaluate Fortinet as an investment.
Did Fortinet raise or lower its guidance?
Over the last 60 days we have not registered a guidance raise or cut from Fortinet. The company can still adjust its guidance at quarterly reports or between reports — see the earnings history and the news overview above.
Is Fortinet making money or losing money?
Yes, Fortinet is making money, not losing it. The company has a profit margin (the share of revenue left over as profit) of 28.2% — which is excellent. The operating margin (profit before interest and taxes) is 33.6%. At a P/E ratio of 57.8, you currently pay 57.8 dollars for every dollar of the company's annual earnings. A consistently profitable company is usually more resilient than growth stocks that are not yet making money.
Can Fortinet go bankrupt?
The bankruptcy risk of Fortinet is rated as moderate. Altman Z2 (a model for assessing financial distress) is 2.54 — that places the company in the middle zone. The Piotroski score (financial health 0-9, higher is better) is 6 — which is average. Debt relative to equity is 554% (high). Remember: models like Altman Z2 are statistical — unexpected shocks (fraud, a sector collapse, lawsuits) can always happen. Spread your portfolio.
Does Fortinet have a lot of debt?
Yes, Fortinet has elevated debt relative to equity. The debt-to-equity ratio (D/E — interest-bearing debt to equity) is 554%. For the teknologi sector, anything above 150% counts as elevated — that raises the financial risk, especially if interest rates rise or earnings fall. Note: D/E levels are highly sector-specific — a bank at 300% debt is normal, a tech stock at 300% is extremely leveraged. Always compare with similar companies in the same sector. Can Fortinet service its debt? Can service its debt without problems — the interest coverage ratio (how many times earnings can cover interest payments) is 226.1x, and the company has more cash than debt (net cash).