Truist raises target to USD 200 for Fortinet stock

Published on 10/21/2026 at 11:32 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter revenue rose 26 percent to USD 2.05 billion. Fortinet stock costs EUR 148.11 on October 21, 2026 at Lang & Schwarz.

Targets and operating figures

Truist raised its Fortinet target to USD 200 from USD 183 on October 20, 2026.
Second-quarter revenue increased 26 percent to USD 2.05 billion in 2026.
Fortinet stock trades at EUR 148.11 at 11:29 a.m. CEST at Lang & Schwarz on October 21, 2026.

NASDAQ-Börsenparkett mit Händlern und großen Bildschirmen mit Tech-Cybersecurity-Sektorkursen — Fortinet Inc. NASDAQ Börsen Parkett mit Händlern und Cyber Sicherheits Sektor Kursen ISIN US34959E1091, Illustration mit AI erstellt.

Fortinet Inc. (ISIN US34959E1091) received a higher Truist price target of USD 200 from USD 183 on October 20, 2026, according to Markets Insider. Fortinet stock was trading at EUR 148.11 at Lang & Schwarz on October 21, 2026 at 11:29 a.m. CEST. The target revision came as the company approaches its third-quarter results.

Target rises before results

Truist analyst Junaid Siddiqui kept a Buy rating while lifting the target to USD 200 from USD 183, the Markets Insider report said on October 20, 2026. The adjustment places the analyst view above the latest reported US market level, although the euro quotation is a separate venue and currency.

Fortinet's second-quarter revenue increased 26 percent year over year to USD 2.05 billion, while product revenue rose 52 percent to USD 773.00 million, according to the Yahoo Finance earnings-call transcript dated October 6, 2026. Billings grew 33 percent to USD 2.37 billion, showing that contracted demand expanded faster than recognized revenue.

What does the margin guidance show?

Fortinet reported a second-quarter non-GAAP operating margin of 38 percent and raised its full-year 2026 non-GAAP operating-margin outlook to 35 to 37 percent. The company also lifted full-year revenue guidance to USD 8.02 billion to USD 8.18 billion, figures summarized by Zacks on October 20, 2026. The key tension is that the third-quarter margin outlook of 35 to 37 percent is below the second-quarter result.

Three dates frame the stock

On July 29, 2026, Fortinet reported second-quarter revenue of USD 2.05 billion and billings of USD 2.37 billion. On October 15, 2026, UBS raised its target to USD 200 from USD 180 while retaining a Neutral rating, according to Markets Insider. On October 20, 2026, Truist raised its target to USD 200 from USD 183.

Upcoming company dates

Fortinet is scheduled to report third-quarter 2026 results on October 28, 2026, according to Zacks. Fortinet's website lists its Security Operations Summit for November 4, 2026, with an AI-native security theme.

Stock trades ahead of the report

Fortinet's operating figures point to stronger product demand, but the next report will test whether that growth can support margins after the second-quarter peak. The stock was trading at EUR 148.11 at Lang & Schwarz on October 21, 2026 at 11:29 a.m. CEST.

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