Fortinet (FTNT) PT Raised to $140 at JPMorgan
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Get Alerts FTNT Hot Sheet
Price: $179.99 +4.05%
Rating Summary:
22 Buy, 35 Hold, 6 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 14 | New: 15
Rating Summary:
22 Buy, 35 Hold, 6 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 14 | New: 15
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(Updated - October 23, 2026 9:27 AM EDT)
JPMorgan analyst Brian Essex raised the price target on Fortinet (NASDAQ: FTNT) to $140.00 (from $118.00) while maintaining an Underweight rating.
The analyst commented, "Expect healthy 3Q results driven by the refresh cycle and secular tailwinds, but we think the Street is overestimating Product revenue growth next year. FTNT has been benefiting from a substantial refresh cycle in addition to broader secular tailwinds (e.g., OT, sovereign SASE)."
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