Benzinga | Aug 31, 2021 01:25PM EDT

What 16 Analyst Ratings Have To Say About Fortinet

Fortinet (NASDAQ:FTNT) has observed the following analyst ratings within the last quarter:

Bullish Somewhat Bullish Indifferent Somewhat Bearish BearishTotal Ratings 1 7 8 0 0Last 30 Days 0 0 0 0 01 Month Ago 0 1 0 0 02 Months Ago 1 6 8 0 03 Months Ago 0 0 0 0 0

According to 16 analyst offering 12-month price targets in the last 3 months, Fortinet has an average price target of $283.69 with a high of $350.00 and a low of $230.00.

Below is a summary of how these 16 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 average price target has increased by 15.67% over the past month.

What Are Analyst Ratings?

Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.

Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.