Critical Insights From Fortive Analyst Ratings: What You Need To Know
Portfolio Pulse from Benzinga Insights
Fortive (NYSE:FTV) received mixed analyst ratings over the past three months, with a notable shift towards a more bullish outlook in the last 30 days. The average 12-month price target for FTV has been raised to $85.00, up from $75.40, indicating a 12.73% increase. Analysts from firms including Truist Securities, RBC Capital, Mizuho, JP Morgan, and Wells Fargo have adjusted their ratings and price targets, reflecting changes in market conditions and Fortive's performance. Fortive, a diversified industrial technology company, reported a revenue growth of 3.52% for 2023, with a net margin of 16.75% but lagging ROE and ROA compared to industry averages.
March 14, 2024 | 1:00 pm
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Fortive received mixed analyst ratings, with a recent shift towards bullish sentiment. The average 12-month price target increased to $85.00, reflecting a positive outlook on the company's performance.
The increase in the average price target for Fortive, along with the shift towards more bullish ratings by analysts, suggests a positive short-term impact on FTV's stock price. The recent financial performance, including a solid revenue growth rate and a high net margin, supports this outlook, despite some challenges in ROE and ROA. The analyst ratings and adjustments reflect a response to market conditions and Fortive's performance, indicating a strong investor sentiment.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100