Fortinet (FTNT) stock forecast for 2023. Forecast tables and graphs.







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Fortinet (FTNT) stock forecast for 2023

Updated: March 26, 2024 (12:48)

Sector: Technology

The share price of Fortinet, Inc. (FTNT) now

What analysts predict: $75.21
52-week High/Low: $81.24 / $44.12

50/200 Day Moving Average: $67.51 / $63.3

This figure corresponds to the Average Price over the previous 50/200 days. For Fortinet stocks, the 50-day moving average is the resistance level today.

For Fortinet stocks, the 200-day moving average is the resistance level today.

Are you interested in Fortinet, Inc. stocks and want to buy them, or are they already in your portfolio? If yes, then on this page you will find useful information about the dynamics of the Fortinet stock price in 2023. How much will one Fortinet share be worth in 2023? Is it worth taking profit / loss on FTNT stock now or waiting? What are analysts' forecasts for Fortinet stock?

We forecast Fortinet stock performance using neural networks based on historical data on FTNT stocks. Also, when forecasting, technical analysis tools are used, world geopolitical and news factors are taken into account. This corporation stock prediction results are shown below and presented as a graph, table and text information.

Fortinet, Inc. stock forecasts are adjusted once a day based on the closing price of the previous trading day.

The minimum target price for Fortinet analysts is $75.21. Today 200 Day Moving Average is the support level (63.3 $). 50 Day Moving Average is the support level (67.51 $).




Historical and forecast chart of Fortinet, Inc. stock

The chart below shows the historical price of Fortinet stock and a prediction chart for the next year. For convenience, prices are divided by color. Forecast prices include: Optimistic Forecast, Pessimistic Forecast, and Weighted Average Best Forecast. Detailed values for the FTNT stock price can be found in the table below.


Fortinet, Inc. provides broad, integrated and automated cybersecurity solutions in the Americas, Europe, the Middle East, Africa and Asia Pacific. It offers FortiGate hardware and software licenses that provide a variety of security and networking features including firewall, intrusion prevention, anti-malware, VPN, application control, web filtering, anti-spam, and WAN acceleration.

Fortinet (FTNT) Forecast for 2023

Month Target Pes. Opt. Vol., %

Fortinet information and performance

Fortinet Address

899 KIFER ROAD, SUNNYVALE, CA, US

Market Capitalization: 52 115 018 000 $

Market capitalization of the Fortinet, Inc. is the total market value of all issued shares of a company. It is calculated by the formula multiplying the number of FTNT shares in the company outstanding by the market price of one share.

EBITDA: 1 349 900 000 $

EBITDA of Fortinet is earnings before interest, income tax and depreciation of assets.

PE Ratio: 46.78

P/E ratio (price to earnings) - shows the ratio between the price of a share and the company's profit

PEG Ratio: 1.838

Price/earnings to growth

DPS: None

Dividend Per Share is a financial indicator equal to the ratio of the company's net profit available for distribution to the annual average of ordinary shares.

DY: None

Dividend yield is a ratio that shows how much a company pays in dividends each year at the stock price.

EPS: 1.46

EPS shows how much of the net profit is accounted for by the common share.

Quarterly Earnings Growth YOY: 0.035
Quarterly Revenue Growth YOY: 0.103
Trailing PE: 46.78

Trailing P/E depends on what has already been done. It uses the current share price and divides it by the total earnings per share for the last 12 months.

Forward PE: 40

Forward P/E uses projections of future earnings instead of final numbers.

EV To Revenue: 9.55

Enterprise Value (EV) /Revenue

EV To EBITDA: 34.5

The EV / EBITDA ratio shows the ratio of the cost (EV) to its profit before tax, interest and amortization (EBITDA).

Shares Outstanding: 763031000

Number of issued ordinary shares

Shares Float: N/A

Number of freely tradable shares

Shares Short Prior Month: N/A

Shares Short Prior Month - the number of shares in short positions in the last month.

Short Ratio: N/A
Percent Insiders: N/A
Percent Institutions: N/A

Fortinet price target for 2023 by month




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Disclaimer:

All forecast data on the site are provided for informational purposes of using neural forecasting tools in the financial market and are not a call to action and, moreover, are not trading signals. When using the forecast data, the investor assumes all financial risks. The pandaforecast.com portal is not responsible for the loss of your money in the stock market as a result of using the information contained on the site.