June 07, 2026 a 09:00 am

FTNT: Analysts Ratings - Fortinet, Inc.

Historical Stock Grades

Recent analyst ratings for Fortinet, Inc., indicate a stronger preference towards "Hold". Despite a notable decrease in "Strong Buy" ratings over the past year, there remains a consistent number of "Buy" recommendations, suggesting confidence in the company's market position over the long term.

Rating	Count
Strong Buy	0
Buy	10
Hold	29
Sell	3
Strong Sell	2

Sentiment Development

The analyst sentiments regarding Fortinet have steadily leaned towards "Hold" and "Buy" over the past few months. While there has been a visible reduction in "Strong Buy" recommendations, it is noteworthy that the number of "Hold" ratings has increased, reflecting caution in the investment community. Below are some key points:

• The number of ratings has seen minor fluctuations, with an overall strong presence in the "Hold" category.
• "Strong Buy" ratings have decreased from 4 in November 2025 to 0 by June 2026, showcasing decreased aggressive optimism.
• The rise in "Hold" ratings suggests a stabilizing view among analysts.
• Consistent "Buy" ratings indicate moderate confidence.

Percentage Trends

Analyzing the distribution trends of analyst ratings for Fortinet paints a picture of increasing caution, with a marked shift towards "Hold" recommendations. Below are calculated percentage trends and insights:

• From a peak in "Strong Buy" ratings in mid-2025 at around 14%, this category has completely faded by mid-2026.
• "Buy" ratings have remained relatively stable, fluctuating slightly between 25% and 34% over the past year.
• The "Hold" category has gained prominence, moving from around 50% in early 2025 to over 82% in June 2026.
• The minimal presence of "Sell" and "Strong Sell" reflects skepticism but limited pessimism.
• Overall recommendations suggest analysts are less aggressive, opting for a more risk-averse stance.

Latest Analyst Recommendations

The following table shows the latest analyst recommendations for Fortinet. Notably, there have been no recent changes in opinion, with analysts maintaining their existing ratings:

Date	New Recommendation	Last Recommendation	Publisher
2026-05-26	Buy	Buy	BTIG
2026-05-08	Equal Weight	Equal Weight	Barclays
2026-05-08	Neutral	Neutral	Citigroup
2026-05-08	Neutral	Neutral	Susquehanna
2026-05-07	Underweight	Underweight	JP Morgan

Analyst Recommendations with Change of Opinion

The table below captures the most recent changes in analyst opinions on Fortinet. Slight upgrades and downgrades illustrate shifting perspectives as market conditions evolve:

Date	New Recommendation	Last Recommendation	Publisher
2026-05-07	Buy	Neutral	BTIG
2026-02-17	Hold	Buy	Freedom Broker
2026-02-02	Sector Perform	Sector Outperform	Scotiabank
2026-01-29	Buy	Neutral	Rosenblatt
2026-01-23	Buy	Hold	TD Cowen

Interpretation

Current trends in analyst recommendations for Fortinet suggest a cautious stance with an underlying confidence in the company's capabilities. Decreases in "Strong Buy" ratings hint at growing uncertainty, yet a stable presence of "Buy" signals confidence in the long-term prospects of Fortinet. The predominance of "Hold" indicates analysts' divided opinions and a wait-and-see approach. Overall, the data reflects a potential market volatility but also points towards measured optimism.

Conclusion

Fortinet shows resilience in an evolving cybersecurity market, maintaining moderate support from the analyst community despite a sharp drop in "Strong Buy" ratings. The increasing "Hold" positions indicate cautious optimism. This suggests potential risks in immediate gains but retains opportunity for growth, especially as cyber threats increase globally. Analysts appear divided yet hopeful, lending Fortinet a stable yet speculative market presence.