Where Fortrea Holdings Stands With Analysts
Portfolio Pulse from Benzinga Insights
Fortrea Holdings (NASDAQ:FTRE) has been analyzed by 5 analysts in the last three months, with ratings ranging from bullish to indifferent. The average 12-month price target for FTRE has increased by 19.99% to $38.00, with a high estimate of $44.00 and a low of $32.00. Analysts from Jefferies, Citigroup, Evercore ISI Group, and Barclays have adjusted their ratings and price targets, reflecting a positive outlook on the company's performance. Fortrea Holdings, a late-stage CRO spun off from LabCorp, has shown revenue growth and a strong net margin but faces challenges with ROE, ROA, and a high debt-to-equity ratio.
January 04, 2024 | 2:00 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Fortrea Holdings has received positive analyst ratings and an increased average price target, indicating a bullish sentiment among analysts. The company's recent performance and market actions have led to favorable adjustments in ratings and price targets.
The positive shift in analyst ratings and the increase in the average price target for FTRE suggest that the market's perception of the company's value has improved. This could lead to increased investor confidence and a potential rise in the stock price in the short term. The relevance and importance are high due to the direct impact of analyst ratings on investor sentiment. The confidence level is slightly lower due to the inherent unpredictability of market reactions to analyst ratings.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100