FTNT Price Prediction Next Week
Analysis and Insights
To predict the stock price of Fortinet (FTNT) for the next trading week, we will analyze both technical indicators and recent news sentiment.
Technical Analysis:
Based on the latest technical indicators:
- RSI (14): 43.36, indicating the stock is in a bearish zone but not oversold.
- MACD: -2.07, showing bearish momentum.
- Bollinger Bands: The stock is currently near the lower band, suggesting potential overselling.
News Sentiment and Recent Developments:
- Fortinet reported strong Q4 2024 results with revenue up 17% year-over-year to $1.66 billion, exceeding expectations.
- The company has a strong position in the network firewall market and is gaining traction in the SASE space.
- Analysts have mixed opinions, with some raising price targets and others maintaining a hold rating.
Price Prediction:
Based on the technical indicators and news sentiment, the stock is expected to trade between $97.06 (Fibonacci Pivot) and $99.96 (Fibonacci R1) next week. The exact price prediction for the next trading week is $100.50.
Buy/Sell Recommendation:
Given the current technical indicators and mixed analyst sentiment, it is recommended to sell or hold FTNT stock until there is more clarity on its growth trajectory and valuation.
FTNT Similar Chart Price Prediction
The price of FTNT is predicted to go up 11.51%, based on the high correlation periods with VRRM. The similarity of these two price pattern on the periods is 98.02%.
FTNT
VRRM
Up: 11.51%Similarity: 98.02%
FTNT Revenue Forecast
FTNT EPS Forecast
FTNT FAQs
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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
Todd Weller
Stephens & Co.
Hold
2025-04-01
Price Target
$108
Upside
+11.72%
Stephens initiated coverage of Fortinet with an Equal Weight rating and $108 price target. The firm views Fortinet as a market leader in cybersecurity and one of the handful of companies that benefits from scale advantages. While positive on the fundamental story, the analyst prefers to look for a more attractive risk/reward scenario following the share rally over the past 12 months.
Joseph Gallo
Jefferies
Hold
2025-03-31
Price Target
$115 → $105
Upside
+9.08%
Hamza Fodderwala
Morgan Stanley
Buy
2025-03-18
Price Target
$113 → $123
Upside
+26.92%
