---
title: "Wells Fargo maintains Fortinet at Underweight, lowers price target to $115 from $160"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/303792975.md"
description: "Wells Fargo maintained its Underweight rating on Fortinet but lowered the price target to $115 from $160, reflecting a 28.1% decrease. This new target implies a 17.3% downside from the October 29 closing price of $139.10. The update is part of recent analyst activity, with other firms maintaining ratings between Neutral and Buy over the past month."
datetime: "2026-10-30T18:36:16.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/303792975.md)
  - [en](https://longbridge.com/en/news/303792975.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/303792975.md)
generator: "portal-rs"
---

# Wells Fargo maintains Fortinet at Underweight, lowers price target to $115 from $160

Wells Fargo maintained Fortinet at Underweight and lowered its price target to $115 from $160, a 28.1% decrease.

The price target implies a downside of 17.3% from the Oct 29 close of $139.10.

**Recent analyst actions on Fortinet**

| Date   | Firm              | Action    | Rating         | Price target |
| ------ | ----------------- | --------- | -------------- | ------------ |
| Oct 30 | Susquehanna       | Maintains | Neutral        | $145         |
| Oct 29 | RBC Capital       | Maintains | Sector Perform | $165         |
| Oct 29 | TD Cowen          | Maintains | Buy            | $190         |
| Oct 29 | Wedbush           | Maintains | Neutral        | $140         |
| Oct 29 | Truist Securities | Maintains | Buy            | $175         |

Across the five most recent analyst notes published on Fortinet over the past 30 days, price targets range from $140 to $190.

Explore more price target data and ratings for Fortinet on the , and track all previous and future analyst recommendations in the dedicated News Flow.

**Disclaimer**

Select reference data provided by Benzinga. This information is not a recommendation for what you should do personally and does not constitute investment advice.

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---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**