Rating Change
Scotiabank reiterated its Sector Perform rating on Fortinet, Inc. (NASDAQ:FTNT) on October 29, 2026.
reiterateNASDAQ:FTNT
Scotiabank Reiterates Sector Perform Rating on Fortinet, Inc. (FTNT)
Scotiabank reiterated its Sector Perform rating on Fortinet, Inc. (NASDAQ:FTNT) on October 29, 2026.
At publication ·
What changed
Fortinet, Inc. (NASDAQ:FTNT) · reiterate
- Firm
- Scotiabank
- Rating
- Sector Perform to Sector Perform
- Price at event
- $136.00
- Market capitalization
- $63.0B
At a glance
Key takeaways
- Scotiabank reiterated a Sector Perform rating on Fortinet (FTNT) on October 29, 2026, suggesting neutral outlook relative to its technology sector peers.
Market Context
Fortinet, Inc. operates in the Technology sector. The stock currently trades at $136.00 with a market capitalization of $63.0B. The stock has gained 123.3% over the past 52 weeks.
Analyst coverage from Scotiabank provides professional research and price targets that many institutional investors reference when making allocation decisions. The consensus of analyst opinions — along with the range of price targets — helps frame market expectations for Fortinet, Inc.
Analyst ratings and price targets are one input among many for investment decisions. Historical studies show that consensus analyst recommendations have mixed predictive power on their own, but significant changes in consensus — such as multiple upgrades or downgrades in a short period — can be more meaningful signals.
Recent Analyst Activity for Fortinet, Inc.
Among the 10 most recent ratings: 2 Buy, 7 Hold, 1 Sell.
| Date | Firm | Rating | Price Target |
|---|---|---|---|
| Oct 29, 2026 | Piper Sandler | Neutral | N/A |
| Oct 29, 2026 | Scotiabank | Sector Perform | N/A |
| Oct 29, 2026 | Barclays | Equal-Weight | N/A |
| Oct 29, 2026 | Citigroup | Neutral | N/A |
| Oct 29, 2026 | Stifel | Hold | N/A |
Related Tools: Analyst Ratings Dashboard | View FTNT Stock Page
Frequently Asked Questions
What does the Sector Perform rating mean for FTNT?
A rating of Sector Perform from Scotiabank reflects the analyst's outlook on Fortinet, Inc. (NASDAQ:FTNT). Analyst ratings are one factor investors consider alongside earnings, valuation, and sector trends.
Where can I find more analyst ratings?
Browse recent upgrades and downgrades on our Analyst Ratings Dashboard or the FTNT forecast page.
