Where Fortrea Holdings Stands With Analysts
Portfolio Pulse from Benzinga Insights
Fortrea Holdings (NASDAQ:FTRE) has been analyzed by 5 analysts, showing a mix of ratings from bullish to bearish. The average 12-month price target is $38.2, reflecting a 14.03% increase from the previous target of $33.50. Analyst actions include ratings from 'Neutral' to 'Buy' with price targets ranging from $33.00 to $44.00. Fortrea, a contract research organization, has shown revenue growth and efficient cost management but faces challenges in ROE, ROA, and high debt levels.
March 22, 2024 | 12:00 pm
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Fortrea Holdings has received mixed analyst ratings with an updated average 12-month price target of $38.2, indicating a potential upside. The company's financials show revenue growth but challenges in ROE, ROA, and debt management.
The mixed analyst ratings with a positive revision in the price target suggest a cautiously optimistic outlook for FTRE. The revenue growth is a positive sign, but the challenges in ROE, ROA, and high debt levels could be areas of concern for investors. The overall positive price target revision indicates that analysts see potential upside, making it likely that the stock price could experience short-term gains.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100