Cantor keeps USD 185 target for Fortinet stock

Published on 10/26/2026 at 16:52 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

MarketBeat counts 39 analysts and a USD 162.36 target on October 26. Fortinet stock costs EUR 164.12 on October 26, 2026 at 4:42 p.m. CEST this session.

Analyst target and earnings date

Cantor Fitzgerald kept a Neutral rating and a USD 185.00 target on October 26, 2026.
Fortinet reported USD 2.05 billion in second-quarter revenue for the period ended June 30, 2026.
Fortinet stock costs EUR 164.12 at Lang & Schwarz on October 26, 2026 at 4:42 p.m. CEST.
Third-quarter results are scheduled for October 28, 2026.

Fortinet Inc., US34959E1091, Illustration mit AI erstellt.

Fortinet Inc. (ISIN US34959E1091) faces a USD 185.00 price target from Cantor Fitzgerald, which reiterated its Neutral rating on October 26, 2026, while Fortinet stock was trading at EUR 164.12 at Lang & Schwarz on October 26, 2026 at 4:42 p.m. CEST. The target and rating give investors a fresh valuation reference before the company's third-quarter results.

Analysts see limited valuation room

According to Investing.com, Cantor Fitzgerald said channel checks remained consistent with second-quarter demand. The firm cited 21 surveyed partners, with 48 percent exceeding plan, 38 percent in line and 14 percent below plan. It also compared Fortinet's fiscal 2026 estimated enterprise-value-to-sales ratio of 16.40 with a peer median of 8.90.

The target sits below Fortinet's USD 197.13 52-week high and above its USD 73.55 low as of October 26, 2026. The market capitalization was USD 134.5 billion, while the price-to-earnings ratio was 64.62.

Revenue growth meets a valuation test

Fortinet reported USD 2.05 billion in revenue for the second quarter ended June 30, 2026, up 26.00 percent from USD 1.63 billion a year earlier. Product revenue rose 52.00 percent to USD 773.00 million, while billings increased 33.00 percent to USD 2.37 billion, according to Yahoo Finance. Non-GAAP earnings per share reached USD 0.90, compared with USD 0.64 in the year-earlier quarter.

The company guided for third-quarter revenue of USD 2.010 billion to USD 2.100 billion and fiscal-year 2026 revenue of USD 8.020 billion to USD 8.180 billion. That growth profile is the counterweight to the valuation concern highlighted by Cantor Fitzgerald.

October 28 is the next test

Fortinet's third-quarter earnings release and presentation are scheduled for October 28, 2026, according to MarketScreener. The calendar lists a 4:30 p.m. presentation, giving the revenue range and product growth outlook immediate relevance for the target debate.

Stock position and investor focus

Fortinet's Nasdaq price was USD 183.32 at 3:51 p.m. UTC on October 26, 2026, equivalent to 11:51 a.m. EDT, with a market capitalization of USD 134.5 billion. Palo Alto Networks stood at USD 390.25 with a USD 319.2 billion market capitalization, while Cisco Systems traded at USD 109.69 with a USD 432.5 billion market capitalization.

For investors, the next earnings release has two separate tests: whether revenue growth remains above 20.00 percent and whether the 2027 outlook can support a valuation that Cantor Fitzgerald views as offering less room for expansion.

Fortinet price in Germany

Fortinet stock was trading at EUR 164.12 at Lang & Schwarz on October 26, 2026 at 4:42 p.m. CEST. The further course of trading is shown by the continuously updated real-time quote of Fortinet stock.