Expert Outlook: Fortrea Holdings Through The Eyes Of 5 Analysts
Portfolio Pulse from Benzinga Insights
Fortrea Holdings (NASDAQ:FTRE) has been analyzed by 5 analysts over the past three months, with a mix of bullish and somewhat bullish ratings. The average 12-month price target is $38.6, up 16.09% from the previous $33.25. Analysts from Barclays, Jefferies, Citigroup, and Evercore ISI Group have adjusted their ratings and price targets, reflecting changes in market conditions and company performance. Fortrea Holdings, a late-stage CRO spun off from LabCorp, has shown revenue growth but faces challenges in market capitalization, net margin, ROE, ROA, and debt management.
January 25, 2024 | 3:00 pm
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POSITIVE IMPACT
Fortrea Holdings has received mixed ratings from analysts, with an average 12-month price target of $38.6, indicating a potential upside. The company's financial performance shows revenue growth but challenges in profitability and debt management.
The average price target increase suggests a bullish sentiment among analysts, which could lead to a positive short-term impact on FTRE's stock price. However, the financial challenges highlighted may temper investor enthusiasm, hence the importance score is not at the maximum. The confidence level is high due to the clear consensus among analysts and the detailed financial data provided.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 100