Expert Ratings For Fortinet
Analysts have provided the following ratings for Fortinet (NASDAQ:FTNT) within the last quarter:
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 1 | 7 | 9 | 0 | 0 |
| Last 30 Days | 0 | 0 | 1 | 0 | 0 |
| 1 Month Ago | 0 | 1 | 0 | 0 | 0 |
| 2 Months Ago | 1 | 6 | 4 | 0 | 0 |
| 3 Months Ago | 0 | 0 | 4 | 0 | 0 |
These 17 analysts have an average price target of $286.71 versus the current price of Fortinet at 302.5854, implying downside.
Below is a summary of how these 17 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 15.39% from the previous average price target of $248.47.
How Are Analyst Ratings Determined?
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.
