Barclays raises target for Fortinet stock from USD 190 to USD 210
Published on 10/13/2026 at 12:34 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS- Barclays raised its Fortinet price target from USD 190.00 to USD 210.00 on October 12, 2026, while keeping an Equal Weight rating.
- Fortinet reported USD 2.05 billion in second-quarter 2026 revenue, up 25.60 percent year over year, according to MarketBeat.
- Fortinet stock was at EUR 173.48 at Lang & Schwarz on October 13, 2026, at 12:30 p.m. CEST.
- Fortinet is scheduled to report third-quarter 2026 results on October 28, 2026.
Barclays raised its Fortinet price target from USD 190.00 to USD 210.00 on October 12, 2026, while keeping an Equal Weight rating. As Markets Insider reported, Barclays analyst Saket Kalia made the change in a third-quarter earnings preview.
Fortinet keeps growth in view
The target increase came ahead of Fortinet's scheduled third-quarter report and gives the stock a fresh valuation reference. The company remains listed on Nasdaq under ticker FTNT, as stated in Fortinet's October 2, 2026 release.
For the second quarter of 2026, Fortinet generated USD 2.05 billion in revenue, an increase of 25.60 percent from the same quarter a year earlier. MarketBeat reported that Fortinet also posted USD 0.90 in earnings per share against a USD 0.75 consensus estimate for that period.
What does the target increase mean
The earnings comparison is the key counterweight to the valuation debate: revenue grew by 25.60 percent year over year, while the reported earnings-per-share figure exceeded consensus by USD 0.15. Fortinet's full-year 2026 adjusted earnings-per-share guidance stands at USD 3.41-3.47, according to MarketBeat.
Three dated Fortinet milestones
On July 29, 2026, Fortinet reported USD 2.05 billion in second-quarter revenue and USD 0.90 in earnings per share. On October 2, 2026, the company announced a third-quarter earnings call scheduled for October 28, 2026, at 4:30 p.m. ET. On October 12, 2026, Barclays lifted its price target from USD 190.00 to USD 210.00 while retaining Equal Weight, as Markets Insider reported.
Next reporting date is October 28
Fortinet's next substantiated company date is October 28, 2026, when it plans to discuss third-quarter 2026 financial results at 4:30 p.m. ET, according to Fortinet.
Fortinet stock stays in valuation debate
Fortinet stock was trading at EUR 173.48 at Lang & Schwarz on October 13, 2026, at 12:30 p.m. CEST. The Nasdaq quote was last at USD 192.94 on October 12, 2026, at 4:00 p.m. ET, against a 52-week range of USD 73.55 to USD 196.87.
The further course of trading is shown by the continuously updated real-time quote of Fortinet stock.
Fortinet stock facts
- Company: Fortinet, Inc.
- ISIN: US34959E1091
- Ticker: FTNT
- Primary exchange: NASDAQ
- Price Lang & Schwarz as of October 13, 2026, 12:30 p.m. CEST: EUR 173.48
- Sector / Industry: Technology / Software - Infrastructure
- Next earnings date: October 28, 2026
Market context: Market report S&P 500.
