What is the fair value of FTNT stock?

Our analysis estimates the fair value range for FTNT to be between $171.20 and $186.35. The current price is $172.98.

What is the analyst price target for FTNT?

The average Wall Street analyst price target for FTNT is $168.72. This implies a potential upside of -2.5% from current levels.

Fortinet (FTNT) Stock: Buy, Sell, or Hold?

FTNT - Fortinet, Inc.

COMPUTER PERIPHERAL EQUIPMENT, NEC

$172.98

-1.07 (-0.61%) ▼

5d: -4.91%

30d: -3.22%

90d: +13.53%

WAIT

LOW Confidence

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Analysis Updated: Oct 22, 2026 12:00 AM ET

Earnings: Oct 28, 2026 4d

Smart Money Accumulation

Options open interest is building while the stock consolidates - a pattern consistent with institutional accumulation. View Scanner →

Signal fired Oct 14, 2026 at $184.05 · last confirmed Oct 20, 2026

Strength: 7.4/10

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Interactive Price Chart (1 Month)

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Bottom Line:
ℹ️ NEUTRAL: FTNT is fairly priced but lacks strong directional signals. At 9.1% expected growth, valuation appears stretched. Wait for clearer setup or better entry on dips.

See Forward Earnings Fair Value & Price Prediction →

Long-Term Wealth Forecast (2031)

Based on Analyst Consensus Growth & Historical Valuation

Adjust Growth Assumption: 9.8%

0% (Stagnation) 50% (Hyper Growth)

EST. PRICE IN 2031

$132.20

Based on 6.9% avg growth

INTRINSIC VALUE TODAY

$82.09

Trading above historical range

How this is calculated: We use a Growth Decay Model: starting with analyst consensus growth (adjusted above) and gradually slowing it down to a long-term terminal rate (4%) by Year 5. This provides a more realistic valuation than assuming constant hyper-growth. We then apply a 25.0x Exit PE.

View Full DCF Model

In-depth Analysis How we analyze

Valuation Analysis: FTNT is currently trading at $172.98, which is considered slightly low relative to its 30-day fair value range of $171.20 to $186.35. From a valuation perspective, the stock is trading at a premium (Forward PE: 45.6) compared to its historical average (35.2). At these levels, the market is pricing in 9.1% annual earnings growth. This growth rate appears achievable given the company's track record, suggesting the valuation is rational.

Technical Outlook: Technically, FTNT is in a strong uptrend. Immediate support is located at $166.22, while resistance sits at $197.13.

Market Sentiment: The stock scores a mixed 47/100 on our bottoming-setup gauge, with only partial signs of a stabilized entry point. Current signals suggest waiting for a better entry point before initiating new positions.

Quick Decision Summary

Current Position SLIGHTLY LOW

Historical Trading Range $171.20 - $186.35

Company Quality Score 44/100 (HOLD)

Volume Confirmation HIGH

Confidence Score 73.8%

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All Signals

BULLISH: Price oversold vs 30-day range
NEUTRAL: Mixed technical signals (47/100)
BULLISH: High volume confirmation
NEUTRAL: Near Wall St target ($168.72)
NEUTRAL: Trading at premium valuation - market expects 9.1% growth which is achievable
WARNING: Composite score 44/100 in the bottom quintile — this cohort historically lags the market

Trading Range Analysis

30-Day Trading Range $171.20 - $186.35

Current vs Trading Range SLIGHTLY LOW

Support & Resistance Levels

Support Level $166.22

Resistance Level $197.13

Current Trend Strong Uptrend

Technical data as of Oct 22, 2026

Fundamental Context

Forward P/E (Next Year Est.) 45.62

Wall Street Target $168.72 (-2.5%)

Revenue Growth (YoY) 25.6%

Earnings Growth (YoY) 43.9%

Profit Margin 28.2%

Valuation Premium vs History +9.1% premium

PE vs Historical 45.6 vs 35.2 STRETCHED

Market-Implied Price Targets If current PE multiple persists

Implied Growth (YoY): +9.1% (market-implied from PE analysis)

1-Year Target $188.72 (+9%)

2-Year Target $205.89 (+19%)

3-Year Target $224.63 (+30%)

3-Yr Target (if PE normalizes) (PE: 46→35) PE COMPRESSION $173.31 (+0%)

Earnings growth offset by PE compression

3-Year Scenarios Using analyst projected EPS growth

Bull: (PE: 45.6, Growth: 9.8%) $229.14 (+33%)

Base: (SPY PE: 19.9, Growth: 9.8%) $99.74 (-42%)

Bear: (PE: 16.9, Growth: 9.8%) $84.78 (-51%)

📈 Valuation based on Current Earnings

Forward PE: 45.05 | Forward EPS (Implied): $3.84

Bull Case $208.87 (+21%)

Analyst growth 15.0%, PE expands to 47.3

Base Case $172.98 (0%)

Market implied 0.0%, PE stable at 45.1

Bear Case $132.33 (-24%)

Severe decline -15.0%, PE contracts to 40.5

These are projections based on PE multiples and EPS growth scenarios, not predictions. Actual results may vary significantly.

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Last updated: October 23, 2026 4:07 AM ET
Data refreshes hourly during market hours. Next update: 5:07 AM

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Advanced FTNT Option Strategies

Professional options setups generated by AI based on today's FTNT price and gamma walls.

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