Key Takeaways From Fortrea Holdings Analyst Ratings
Portfolio Pulse from Benzinga Insights
Fortrea Holdings (NASDAQ:FTRE) has received mixed analyst ratings over the past three months, with a current average price target of $38.75, reflecting a 7.64% increase from the previous target. Analysts from Deutsche Bank, Barclays, Jefferies, and Citigroup have provided varied ratings and price target adjustments based on market conditions and company performance. Fortrea, a contract research organization spun off from LabCorp, has shown a revenue growth of 1.85% but trails in net margin and ROE compared to industry averages. Its debt-to-equity ratio indicates higher financial risk.
March 06, 2024 | 5:00 pm
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Fortrea Holdings has received mixed analyst ratings with a new average price target of $38.75, indicating potential growth. Despite positive revenue growth, the company faces challenges in profitability and financial risk.
The mixed analyst ratings with a new higher average price target suggest a cautiously optimistic outlook for FTRE. The revenue growth indicates potential, but concerns about profitability and high financial risk due to a significant debt-to-equity ratio may temper short-term gains. The comprehensive analysis by analysts from reputable firms adds credibility to the projections, influencing investor sentiment positively in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100