Fintel reports that on January 29, 2026, Rosenblatt upgraded their outlook for Fortinet (NasdaqGS:FTNT) from Neutral to Buy.
Analyst Price Forecast Suggests 9.04% Upside
As of January 14, 2026, the average one-year price target for Fortinet is $88.87/share. The forecasts range from a low of $70.70 to a high of $126.00. The average price target represents an increase of 9.04% from its latest reported closing price of $81.50 / share.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Fortinet is 8,086MM, an increase of 23.36%. The projected annual non-GAAP EPS is 2.57.
What is the Fund Sentiment?
There are 2,060 funds or institutions reporting positions in Fortinet. This is an decrease of 244 owner(s) or 10.59% in the last quarter. Average portfolio weight of all funds dedicated to FTNT is 0.29%, an increase of 9.85%. Total shares owned by institutions decreased in the last three months by 7.24% to 532,267K shares. 
The put/call ratio of FTNT is 1.05, indicating a bearish outlook.
What are Other Shareholders Doing?
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 20,913K shares representing 2.81% ownership of the company. In its prior filing, the firm reported owning 20,637K shares , representing an increase of 1.32%. The firm decreased its portfolio allocation in FTNT by 0.71% over the last quarter.
VFINX - Vanguard 500 Index Fund Investor Shares holds 18,034K shares representing 2.43% ownership of the company. In its prior filing, the firm reported owning 17,677K shares , representing an increase of 1.98%. The firm decreased its portfolio allocation in FTNT by 0.46% over the last quarter.
Geode Capital Management holds 17,182K shares representing 2.31% ownership of the company. In its prior filing, the firm reported owning 16,917K shares , representing an increase of 1.54%. The firm decreased its portfolio allocation in FTNT by 60.91% over the last quarter.
Invesco Qqq Trust, Series 1 holds 15,793K shares representing 2.12% ownership of the company. In its prior filing, the firm reported owning 15,837K shares , representing a decrease of 0.28%. The firm decreased its portfolio allocation in FTNT by 7.70% over the last quarter.
Bank of New York Mellon holds 13,611K shares representing 1.83% ownership of the company. In its prior filing, the firm reported owning 14,557K shares , representing a decrease of 6.94%. The firm decreased its portfolio allocation in FTNT by 29.39% over the last quarter.
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This story originally appeared on Fintel.
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