What Are Wall Street Analysts' Target Price for Fortinet Stock?

With a market cap of $63.4 billion, Fortinet, Inc. (FTNT) is a global cybersecurity company that provides integrated networking and security solutions, including its FortiOS operating system, AI-driven security tools, and cloud-based platforms. It delivers a wide range of products and services designed to protect networks, applications, and infrastructure worldwide. 

Shares of the Sunnyvale, California-based company have lagged behind the broader market over the past 52 weeks. FTNT stock has declined 16.4% over this time frame, while the broader S&P 500 Index ($SPX) has risen 28.8%. However, shares of the company have increased 8.1% on a YTD basis, outpacing SPX's 4% gain.