Fortinet (FTNT) – Research Analysts’ Weekly Ratings Updates

Fortinet (NASDAQ: FTNT) recently received a number of ratings updates from brokerages and research firms:

• 2/3/2026 – Fortinet was given a new $88.00 price target on by analysts at Barclays PLC.
• 2/2/2026 – Fortinet was downgraded by analysts at Scotiabank from a “sector outperform” rating to a “sector perform” rating. They now have a $85.00 price target on the stock.
• 1/30/2026 – Fortinet had its “hold” rating reaffirmed by analysts at Jefferies Financial Group Inc.. They now have a $80.00 price target on the stock.
• 1/30/2026 – Fortinet had its price target lowered by analysts at JPMorgan Chase & Co. from $75.00 to $72.00. They now have an “underweight” rating on the stock.
• 1/29/2026 – Fortinet was upgraded by analysts at Rosenblatt Securities from a “neutral” rating to a “buy” rating. They now have a $100.00 price target on the stock, up previously from $85.00.
• 1/23/2026 – Fortinet had its “market perform” rating reaffirmed by analysts at Oppenheimer Holdings, Inc..
• 1/23/2026 – Fortinet was upgraded by analysts at TD Cowen from a “hold” rating to a “buy” rating. They now have a $100.00 price target on the stock.
• 1/20/2026 – Fortinet was given a new $88.00 price target on by analysts at Truist Financial Corporation.
• 1/12/2026 – Fortinet had its “neutral” rating reaffirmed by analysts at Citigroup Inc.. They now have a $85.00 price target on the stock, up previously from $83.00.
• 1/5/2026 – Fortinet had its “neutral” rating reaffirmed by analysts at Piper Sandler. They now have a $90.00 price target on the stock, up previously from $85.00.
• 12/29/2025 – Fortinet had its “hold (c)” rating reaffirmed by analysts at Weiss Ratings.
• 12/22/2025 – Fortinet had its “hold (c)” rating reaffirmed by analysts at Weiss Ratings.
• 12/18/2025 – Fortinet had its “underweight” rating reaffirmed by analysts at Morgan Stanley. They now have a $70.00 price target on the stock, up previously from $66.00.
• 12/17/2025 – Fortinet had its “underweight” rating reaffirmed by analysts at JPMorgan Chase & Co.. They now have a $75.00 price target on the stock, down previously from $85.00.
• 12/15/2025 – Fortinet had its “hold (c)” rating reaffirmed by analysts at Weiss Ratings.

Insider Activity at Fortinet

In other Fortinet news, VP Michael Xie sold 343,106 shares of the business’s stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $81.42, for a total transaction of $27,935,690.52. Following the transaction, the vice president owned 10,210,282 shares in the company, valued at $831,321,160.44. The trade was a 3.25% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Ken Xie sold 175,737 shares of the firm’s stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $81.42, for a total transaction of $14,308,506.54. Following the completion of the sale, the chief executive officer owned 51,396,385 shares of the company’s stock, valued at $4,184,693,666.70. This trade represents a 0.34% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 17.20% of the company’s stock.

Fortinet, Inc (NASDAQ: FTNT) is a multinational cybersecurity company that develops and delivers integrated security solutions for enterprise, service provider and government customers worldwide. Founded in 2000 and headquartered in Sunnyvale, California, the company was co‑founded by Ken Xie and Michael Xie. Ken Xie serves as chairman and chief executive officer, and the company operates through a global sales, channel and services organization to support customers across the Americas, EMEA and Asia‑Pacific.

Fortinet’s product portfolio centers on network security appliances and software, with its FortiGate next‑generation firewalls and the FortiOS operating system forming a core platform.