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Suppose a stock is trading at $100 per share. You believe the stock may rise sharply over the next two months. Instead of buying the stock outright, you buy a call option with a strike price of $105. What are you really saying? You’re saying: “I want the right to buy this stock at $105 before expiration.”

Wall Street’s view on Fortinet tells you almost everything you need to know about the current market environment. The average analyst price target sits at $105.63, below the recent closing price of $113.87, implying modest downside from current levels. But the real story is not the average. It is the extraordinary disagreement underneath the surface. The highest target on the Street is $130, while the lowest sits all the way down at $70. That is a forecast spread of 52.69%, which is Wall Street’s way of saying uncertainty around cybersecurity spending, enterprise demand, valuation, and future growth remains unusually high.