Unveiling 5 Analyst Insights On Fortive
Portfolio Pulse from Benzinga Insights
Fortive (NYSE:FTV) has received mixed analyst ratings over the past three months, with a recent shift towards a more positive outlook. The average 12-month price target for FTV has been raised to $82.2, up 9.02% from the previous $75.40. Analysts from RBC Capital, Mizuho, JP Morgan, and Wells Fargo have all raised their price targets, reflecting an optimistic view of Fortive's future performance. Fortive, a diversified industrial technology firm, reported a revenue growth of 2.64% for the quarter ending September 30, 2023, and a net margin of 14.59%, despite trailing behind the industry average in ROE and ROA.
February 01, 2024 | 4:00 pm
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POSITIVE IMPACT
Fortive has seen a positive shift in analyst ratings, with an increased average price target of $82.2, indicating a bullish outlook. The company's strong revenue growth and net margin are highlighted, despite some challenges in ROE and ROA.
The increase in the average price target by analysts from reputable firms such as RBC Capital, Mizuho, JP Morgan, and Wells Fargo suggests a strong bullish sentiment towards Fortive. The positive adjustments in price targets reflect an optimistic view of the company's future performance, potentially leading to increased investor confidence and a positive short-term impact on FTV's stock price. The company's reported revenue growth and net margin further support this outlook, although the lower than average ROE and ROA indicate areas of potential concern that investors should monitor.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100