Accelerating Digitization And IoT Trends Will Expand Cybersecurity Markets

AN

AnalystHighTarget

Not Invested

Community Contributor

Published

10 Aug 25

Updated

17 Feb 26

Views

158

17 Feb

US$129.46

AnalystHighTarget's Fair Value

US$109.27

18.5% overvalued

1Y

24.9%

7D

6.2%

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1Y

24.9%

7D

6.2%

You can edit this narrative until Feb 18 3:15 AM. Then, changes will post as Updates.

Author's Valuation

US$109.2718.5% overvalued

AnalystHighTarget Fair Value

Shared on 17 Feb 26

Fair value Increased 0.99%

FTNT: Earnings Execution And Buybacks Will Support Future Upside

Analysts have nudged their fair value estimate for Fortinet higher by about $1 to roughly $109, reflecting a mix of tempered revenue growth expectations, slightly higher assumed P/E multiples, and firmer profit margin assumptions that align with the wave of recent price target increases across the Street. Analyst Commentary Bullish analysts have been active on Fortinet, with a cluster of recent research updates pointing to higher price targets, rating upgrades, and a more constructive stance on the share setup into upcoming results.

29 views

Shared on 03 Feb 26

Fair value Increased 0.54%

FTNT: Earnings Execution And China Risk Insulation Will Support Future Upside

The analyst price target for Fortinet edges up to about $108 from roughly $108 previously, as analysts balance mixed rating actions and trimmed Street targets against slightly firmer assumptions on revenue growth, discount rate and future P/E in updated models. Analyst Commentary Recent research on Fortinet reflects a mixed backdrop, but there are clear pockets of optimism that speak to how some on the Street are framing the risk and reward.

28 views

Shared on 20 Jan 26

Fair value Decreased 2.52%

FTNT: Hardware Refresh Caution Will Contrast With Stronger Margins And Buybacks

Analysts have nudged their implied fair value for Fortinet lower from about $110 to $108, as a reduced future P/E assumption and more cautious views on hardware refresh demand offset still solid revenue and billings metrics reflected in recent research updates. Analyst Commentary Recent research has been mixed, but there are still clear pockets of optimism around Fortinet that center on execution, earnings quality, and how those feed into valuation support.

61 views

Valuator

Company Info

Notes

AnalystHighTarget Fair Value

US$109.27

18.5% overvalued

Future estimation in

Revenue

Profit Margin

Future PE

Growth p.a.

%

Decrease

Increase

Forecast revenue growth rate

10.14%

Historical revenue growth rate

17.32%

Software revenue growth rate

1.53%

Risk Level (Discount Rate)

Our default considers factors like the company's size, volatility, profitablity and country of operation.

%

0

Decrease

Increase

Current discount rate

8.49%

Calculation

US$2.73b

Earnings '29

x

34.68x

PE Ratio '29

=

US$94.59b

Market Cap '29

US$94.59b

Market Cap '29

/

679.98m

No. shares '29

=

US$139.11

Share Price '29

US$139.11 Share Price '29

Discounted to 2026 @ 8.43% p.a.

=

US$109.11

Fair Value '26