From Financial Modeling Prep: 2025-04-23 07:00:00

Roth Capital has set a price target of $103 for Fortinet Inc. (NASDAQ:FTNT), suggesting a potential upside of 9.14% from its current price of $94.37. The cybersecurity company competes with industry giants like Palo Alto Networks and Check Point Software Technologies.

Fortinet’s stock closed at $96.13, showing a modest increase of 0.06% despite market fluctuations. Over the past month, the stock has outperformed the Computer and Technology sector, decreasing by only 2.14% compared to the sector’s loss of 9.27%.

Investors are anticipating Fortinet’s upcoming earnings report on May 7, 2025. Projections indicate a significant growth with an EPS increase of 23.26% to $0.53 and a revenue growth of 13.52% to $1.54 billion from the same quarter last year.

With a current price of $94.37, Fortinet’s stock has shown resilience, reflecting an increase of 1.78% from the previous trading session. The stock has a market capitalization of approximately $72.57 billion and a trading volume of 3,984,492 shares, solidifying its position in the cybersecurity market.



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