TD Cowen raises target for Fortinet stock from USD 215 to USD 225

Published on 10/15/2026 at 10:53 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Fortinet reported second-quarter revenue of USD 2.05 billion. Fortinet stock costs EUR 162.11 on October 15, 2026 before results on October 28.

Analyst target and reporting date

TD Cowen lifted its Fortinet target to USD 225 from USD 215 on October 13, 2026.
Second-quarter revenue reached USD 2.05 billion on July 29, 2026.
Fortinet stock traded at EUR 162.11 at 10:43 a.m. CEST at Lang & Schwarz on October 15, 2026.

Bauhaus-Grafikposter mit geometrischen Formen und den Texten CYBERSECURITY und TECH in Primärfarben — Fortinet Inc. Bauhaus Poster mit Sektor Text CYBERSECURITY TECH und geometrischen Formen ISIN US34959E1091, Illustration mit AI erstellt.

Fortinet Inc. (ISIN US34959E1091) became the subject of a higher TD Cowen price target, which rose from USD 215 to USD 225 on October 13, 2026, while the firm kept its Buy rating, according to Investing.com. The target change puts the upcoming third-quarter report at the center of the investment case.

Revenue growth sets the backdrop

Fortinet reported USD 2.05 billion in revenue for the second quarter of 2026, up 25.60 percent from the prior-year quarter. Adjusted earnings per share reached USD 0.90, exceeding the USD 0.75 consensus estimate by USD 0.15, according to MarketBeat.

The latest finance figures also put second-quarter GAAP net income attributable to common shareholders at USD 606.30 million, compared with USD 534.50 million in the first quarter. GAAP operating margin was 34.00 percent in the second quarter, up from 31.00 percent in the first quarter.

Three dates show the progression

On May 6, 2026, Fortinet reported first-quarter revenue of USD 1.85 billion. On July 29, 2026, the company reported second-quarter revenue of USD 2.05 billion and adjusted earnings per share of USD 0.90, as summarized by TickerScout. On October 13, 2026, TD Cowen raised its target from USD 215 to USD 225, according to Investing.com.

What does the target raise mean?

TD Cowen said its channel research pointed to demand from artificial intelligence investment and data-center expansion. The firm expects Fortinet revenue growth to exceed 20.00 percent in the second half of 2026, giving the target increase a clear operating rationale, according to Investing.com.

Results date is October 28

Fortinet has scheduled its third-quarter 2026 earnings announcement for October 28, 2026, at 4:30 p.m. EDT, according to the company investor-relations page. The next company event listed on Fortinet's site is the Security Operations Summit on November 4, 2026.

Stock price and valuation context

The stock was trading at EUR 162.11 at Lang & Schwarz on October 15, 2026 at 10:43 a.m. CEST. The primary Nasdaq listing was last quoted at USD 184.05 on October 14, 2026, while its 52-week range was USD 73.55 to USD 197.13.

The further course of trading is shown by the continuously updated real-time quote of Fortinet stock.