Analysts Cut Fortinet Price Targets After Q3 Results
BofA Securities downgraded Fortinet to Neutral with a $140 target. Jefferies lowered its target to $145 from $190, Citigroup to $140 from $185, and Truist to $175 from $200 while maintaining Buy.
Following Fortinet's third-quarter 2026 earnings report, several analysts updated their outlooks on the company. BofA Securities downgraded Fortinet from Buy to Neutral with a $140 price target. Jefferies adjusted its price target to $145 from $190, while Citigroup lowered its target to $140 from $185. Truist Securities adjusted its price target to $175 from $200 while maintaining a Buy rating.
These adjustments reflect market reactions to the company's latest financial disclosures and forward-looking guidance.