FTNT Price Prediction Next Week
Based on the provided data and recent market developments, here's a comprehensive analysis for FTNT's price prediction for next week:
Technical Analysis
- Current price: $109.80 (as of Feb 21, 2025)
- RSI-14: 62.64 (neutral to slightly overbought)
- MACD: Bullish signal with MACD (4.18) above signal line (3.68)
- Bollinger Bands: Trading at 0.62 of the band range, indicating moderate upward momentum
- Key resistance levels: $114.08 (Fibonacci R1), $117.02 (Fibonacci R2)
- Key support levels: $104.57 (Fibonacci S1), $101.63 (Fibonacci S2)
Recent News Impact
- CFO Keith Jensen announced retirement, which caused some short-term volatility
- Strong Q4 2024 results with revenue up 17% and earnings beating estimates
- Multiple analysts have raised price targets:
- Cantor Fitzgerald: $115
- RBC Capital: $115
- Goldman Sachs: $130
Growth Catalysts
- Early firewall refresh activity showing strong momentum
- Double-digit growth in SASE and SecOps segments
- Strong enterprise deals with 90% growth in $5-10M deals
Price Prediction for Next Week Based on technical indicators and recent fundamental developments:
- Bullish Target: $114.50 (near Fibonacci R1)
- Base Case: $111.50-$113.00
- Bearish Case: $108.00-$109.50
Trading Recommendation BUY with entry point at current levels ($109.80) with following strategy:
- Entry: $109.80
- Target: $114.50
- Stop Loss: $107.50
The recommendation is based on:
- Strong technical setup with positive MACD crossover
- Multiple analyst upgrades
- Solid fundamental growth drivers
- Upcoming firewall refresh cycle potential
FTNT Similar Chart Price Prediction
The price of FTNT is predicted to go up 4.4%, based on the high correlation periods with HES. The similarity of these two price pattern on the periods is 98.95%.
FTNT
HES
Up: 4.4%Similarity: 98.95%
FTNT Revenue Forecast
FTNT EPS Forecast
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FTNT VS S&P500
Fortinet has strong secular tailwinds as endpoint security, cloud security, and the convergence of networking and security are projected to grow rapidly.
Fortinet's strength in the high-margin firewall segment should allow the firm to generate substantial cash in future.
The company stands to benefit as clients consolidate vendors and opt for a platform-based cybersecurity approach.
FTNT Analyst's Forecast
Shyam Patil
Susquehanna
Hold
2025-02-10
Price Target
$90 → $110
Upside
+0.41%
Susquehanna raised the firm's price target on Fortinet to $110 from $90 and keeps a Neutral rating on the shares. The firm said they reported a solid 4Q driven by strength in its hardware business, and management remains optimistic about the growth potential from its upcoming firewall refresh cycle.
Patrick Colville
Scotiabank
Buy
2025-01-21
Price Target
$110 → $115
Upside
+18.31%
Fatima Boolani
Citigroup
Hold
2025-01-17
Price Target
$100 → $101
Upside
+7.18%
