Key Takeaways From Fortive Analyst Ratings
Portfolio Pulse from Benzinga Insights
Fortive (NYSE:FTV) received mixed analyst ratings with an average 12-month price target of $88.0, reflecting an 11.11% increase from the previous target. Analysts from Barclays, Truist Securities, RBC Capital, Mizuho, JP Morgan, and Wells Fargo adjusted their ratings and price targets, indicating a positive outlook on Fortive's performance. Fortive, a diversified industrial technology firm, reported a revenue of $6.1 billion in 2023, with a revenue growth rate of 3.52%, a net margin of 16.75%, but lower ROE and ROA compared to industry averages.
April 02, 2024 | 7:00 pm
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Fortive received mixed analyst ratings, with an updated average 12-month price target of $88.0, indicating a positive outlook. The company's financial performance shows strong revenue growth and net margin, but lower ROE and ROA.
The updated analyst ratings and increased price target for Fortive reflect a positive market sentiment towards the company's future performance. Despite some financial metrics not meeting industry averages, the overall positive outlook from analysts, coupled with Fortive's strong revenue growth and net margin, suggests potential for stock price appreciation in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100