Tue. 12 Oct 2021, 12:22pm ETBenzinga
In: Analyst Ratings

Analysts have provided the following ratings for Fortinet (NASDAQ:FTNT) within the last quarter:

Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish
Total Ratings 2 9 8 0 0
Last 30D 0 0 1 0 0
1M Ago 1 2 1 0 0
2M Ago 0 1 0 0 0
3M Ago 1 6 6 0 0

According to 19 analyst offering 12-month price targets in the last 3 months, Fortinet has an average price target of $304.32 with a high of $385.00 and a low of $230.00.

Below is a summary of how these 19 analysts rated Fortinet over the past 3 months. The greater the number of bullish ratings, the more positive analysts are on the stock and the greater the number of bearish ratings, the move negative analysts are on the stock

This current average has increased by 17.74% from the previous average price target of $258.47.

What Are Analyst Ratings?

Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter.

Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.