Fortinet Inc. ($FTNT) Stock Forecast: Up 7.4% Today

What is Fortinet Inc.?

Fortinet (FTNT) is a cybersecurity company renowned for its FortiGate devices and solutions. The stock witnessed a significant bullish movement today due to recent developments in the cybersecurity industry.

Why is Fortinet Inc. going up?

FTNT stock is up 7.4% on Jan 23, 2026 17:35

• An upgrade to a "Buy" rating by TD Cowen, predicated on a promising fiscal year 2026 outlook and stability, propelled Fortinet's stock by 7%.
• Despite encountering automated attacks that targeted vulnerabilities in FortiGate devices, investor confidence in Fortinet remains strong, bolstered by the company's resilience and dedication to cybersecurity initiatives.
• Truist reducing the price target to $88 from $95 was eclipsed by the optimism surrounding a robust Q4 performance, underscoring Fortinet's potential for long-term growth.
• The prevailing bullish sentiment surrounding Fortinet was amplified by industry dynamics and the company's limited exposure to China, positioning it favorably for growth in the cybersecurity sector.

FTNT Price Chart

FTNT Technical Analysis

FTNT News

Fortinet in focus as TD Cowen upgrades on back of 'solid checks' (FTNT:NASDAQ)

TD Cowen has upgraded Fortinet's shares to "Buy" based on "solid checks" suggesting stability for fiscal year 2026. This upgrade caused Fortinet's shares to jump 7% in late morning trading. The cybersecurity company has been put in the spotlight by this investment firm's positive outlook.

https://seekingalpha.com/news/4542148-fortinet-in-focus-as-td-cowen-upgrades-on-back-of-solid-checks

Fortinet FortiGate devices hit in automated attacks which create rogue accounts and steal firewall data

Automated attacks are exploiting a vulnerability in Fortinet FortiGate devices, creating rogue administrator accounts and stealing firewall configuration data. Researchers at Arctic Wolf observed hackers abusing a bug in the single sign-on (SSO) feature. Although a patch (FortiOS 7.4.10) was released, Fortinet has confirmed it does not fully fix the issue, with new versions (7.4.11, 7.6.6, and 8.0.0) planned for release soon to address the vulnerability completely.

https://www.techradar.com/pro/security/fortinet-fortigate-devices-hit-in-automated-attacks-which-create-rogue-accounts-and-steal-firewall-data

Fortinet Stock Prices Target Cut to $88 by Truist Amid Strong Q4 Forecast

Truist has lowered Fortinet's price target to $88 from $95, yet maintains a Buy rating, anticipating a strong Q4 performance despite broader industry pressures. Fortinet's minimal exposure to China and focus on cybersecurity initiatives contribute to its resilience. Analysts, including Piper Sandler, see long-term growth potential for the company.

https://stockstotrade.com/news/fortinet-inc-ftnt-news-2026_01_23/

Here Are Friday’s Top Wall Street Analyst Research Calls: Applied Materials, e.l.f. Beauty, Fortinet, Freeport MacMoRan, Procter & Gamble, Spotify, and More

Wall Street analysts issued upgrades, downgrades, and new initiations for several major companies on Friday, January 23, 2026. Noteworthy upgrades included Applied Materials and Spotify, while Freeport-McMoRan and Sherwin-Williams saw downgrades. The market ended the week with futures trading lower after a two-day rally, with focus shifting to upcoming fourth-quarter earnings and economic data.

https://247wallst.com/investing/2026/01/23/here-are-fridays-top-wall-street-analyst-research-calls-applied-materials-e-l-f-beauty-fortinet-freeport-macmoran-procter-gamble-spotify-and-more/

Here's What Mizuho Securities Has to Say About ​Palo Alto Networks (PANW)

Mizuho Securities reiterated a Buy rating on Palo Alto Networks (PANW) with a $220 price target, following Guggenheim's upgrade to Neutral. Analysts believe PANW will maintain leadership in the cybersecurity sector, benefiting from AI-driven tailwinds and strong free-cash flow margins through 2028. The company is expected to see over 26.7% upside from current levels as it continues strategic acquisitions and provides essential security solutions.

https://finviz.com/news/285066/heres-what-mizuho-securities-has-to-say-about-palo-alto-networks-panw

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Fortinet Inc. Price History

08.07.2025 - FTNT Stock was up 5.5%

• Despite surpassing earnings and revenue expectations, Fortinet's stock saw a downward trend due to the cybersecurity sector's general decline, triggered by a cautious sales forecast from Fortinet and downgrades from multiple analysts.
• Although Fortinet demonstrated robust financial performance in Q2, marked by revenue growth across various segments, the industry's negative sentiment overshadowed these results.
• Investor confidence in Fortinet was affected by analyst downgrades and the industry-wide downturn, resulting in a stock decline despite the positive earnings.
• The overall market movement suggests that solid financial performance may not always insulate a company's stock from broader industry shifts and analyst assessments.

30.06.2025 - FTNT Stock was down 5.6%

• The bearish movement in FTNT could be attributed to the increased competition and market saturation in the cybersecurity sector, as highlighted by the growing number of integrations and partnerships in the industry.
• Additionally, the positive outlook on other cybersecurity stocks like CYBR and OKTA might have diverted investor attention away from FTNT, impacting its stock performance negatively.
• Palo Alto Networks' strategic focus on secure browsing and its impact on the SASE (Secure Access Service Edge) market could have also influenced investor sentiment towards FTNT, leading to the bearish movement.

23.08.2025 - FTNT Stock was up 3.3%

• Despite a 15.6% year-to-date drop, Fortinet's strong Secure Access Service Edge (SASE) momentum and raised guidance indicate a potential recovery, leading to a bullish movement in the stock.
• The company's focus on heavy infrastructure build-out to support cloud-first growth and enhance competitiveness is viewed positively by investors, contributing to the bullish market movement.
• The combination of improving AI security offerings, increased infrastructure investments, and positive market sentiment likely fueled the strong bullish movement in FTNT stock today.

07.07.2025 - FTNT Stock was down 23.1%

• Despite surpassing earnings and revenue expectations, Fortinet (FTNT) witnessed a notable downward trend in the market.
• This decline could be connected to analyst downgrades, with a prominent analyst revising their perspective on the stock.
• The market's general sentiment or broader economic conditions may be influencing investors, contributing to the negative movement in Fortinet's stock price.
• There seems to be some apprehension or uncertainty about the company's future performance despite the positive financial results, which could be shaping investor sentiment.

07.07.2025 - FTNT Stock was down 25.3%

• Despite Fortinet beating Q2 earnings and revenue estimates, the stock experienced a strong bearish movement.
• The market may have reacted negatively due to concerns about the company's future growth prospects, especially with CrowdStrike's stock plunging and analyst projections being scrutinized.
• Investors might be cautious about Fortinet's ability to maintain its strong performance in the face of increasing competition and potentially stretched valuations.
• The uncertainty surrounding Fortinet's future performance could have led to profit-taking by investors who were previously optimistic about the stock.

07.07.2025 - FTNT Stock was down 25.3%

• Strong Q2 earnings were reported by Fortinet (FTNT), surpassing revenue estimates and showing a 13.6% growth, particularly in the EMEA, SASE, and SecOps segments.
• Despite the positive earnings report, Fortinet's stock experienced a bearish movement, possibly due to profit-taking by investors after a period of strong performance.
• The mixed reactions from investors could also be influenced by concerns about the overall market sentiment or potential profit-taking strategies in the tech sector.
• Investors should consider the long-term growth prospects of Fortinet, especially with its record margins, product launches, and growth in key segments.

12.07.2025 - FTNT Stock was up 5.1%

• Fortinet's stock price saw a 0.59% spike in the current market session, indicating positive investor sentiment.
• Despite a recent decrease in the stock price over the past month, Fortinet has shown resilience with a 7.80% increase over the past year.
• The bullish movement could be attributed to Fortinet beating earnings and revenue estimates, raising its full-year billings guidance, and reporting strong billings growth and non-GAAP operating margin.
• The negative sentiment in the cybersecurity sector, particularly affecting CrowdStrike Holdings (NASDAQ: CRWD), following Fortinet's cautious outlook, might have led to a sector-wide pullback, but Fortinet's robust performance stood out amidst the market fluctuations.

03.10.2025 - FTNT Stock was down 1.9%

• The stock has declined by 14.6% in the past 3 months, indicating a challenging period for Fortinet, despite its strong AI innovations and raised guidance.
• The looming class action lawsuits and lead plaintiff deadlines may have contributed to investor uncertainty and selling pressure on the stock.
• Investors are advised to closely monitor the company's Q3 earnings report for insights into its performance and potential recovery prospects.
• The negative sentiment surrounding Fortinet due to legal issues could be overshadowing its technological advancements, leading to the bearish market movement.

23.00.2026 - FTNT Stock was up 9.0%

• Fortinet's stock showed significant bullish movement after receiving an upgrade to a 'buy' rating by TD Cowen, maintaining a target price of $100.
• Analysts' optimistic forecasts, particularly coming from a well-regarded analyst who upgraded the stock, influenced this bullish trend.
• Despite a new authentication flaw in its firewalls posing a potential threat, investors appear more focused on the upgrade and the company's strong position in the cybersecurity industry.
• The 'buy' rating upgrade may be viewed as a confirmation of Fortinet's capability to address and overcome security vulnerabilities, providing reassurance to investors about the company's ability to navigate emerging threats efficiently.

23.00.2026 - FTNT Stock was up 7.4%

• An upgrade to a "Buy" rating by TD Cowen, predicated on a promising fiscal year 2026 outlook and stability, propelled Fortinet's stock by 7%.
• Despite encountering automated attacks that targeted vulnerabilities in FortiGate devices, investor confidence in Fortinet remains strong, bolstered by the company's resilience and dedication to cybersecurity initiatives.
• Truist reducing the price target to $88 from $95 was eclipsed by the optimism surrounding a robust Q4 performance, underscoring Fortinet's potential for long-term growth.
• The prevailing bullish sentiment surrounding Fortinet was amplified by industry dynamics and the company's limited exposure to China, positioning it favorably for growth in the cybersecurity sector.

08.11.2025 - FTNT Stock was down 2.4%

• Despite Fortinet's strong Q3 2025 results and breaking above its 50-day moving average, the stock experienced a bearish movement today.
• The bullish trend following the earnings report and technical indicators may have already been priced in, leading to profit-taking by investors.
• The overall market sentiment or broader economic factors could have influenced the bearish movement in FTNT today, overshadowing the recent positive developments.
• Investors should continue to monitor FTNT for potential buying opportunities as the company's fundamentals remain strong despite the short-term market movement.

06.10.2025 - FTNT Stock was down 6.9%

• A securities fraud class action lawsuit that is still pending against Fortinet might have spurred doubt and negative sentiment among traders, leading to the stock's decline.
• Despite outperforming Q3 earnings and revenue projections, Fortinet's stock price dropped, indicating that market anticipations may have been higher than realized.
• Conflicting advice on whether to purchase, sell, or retain Fortinet shares prior to Q3 earnings could have further fueled volatility and selling pressure on the stock.
• In summary, a blend of legal uncertainties, heightened market expectations, and divergent analyst guidance likely contributed to today's downturn in Fortinet's stock value.