Demystifying Fortrea Holdings: Insights From 8 Analyst Reviews
Portfolio Pulse from Benzinga Insights
Over the past three months, 8 analysts have reviewed Fortrea Holdings (NASDAQ:FTRE), with opinions ranging from somewhat bullish to somewhat bearish. The average 12-month price target has decreased by 21.87% to $28.75. Analysts have recently adjusted their ratings and price targets, reflecting a cautious outlook on the company's financial performance and growth prospects.
July 18, 2024 | 9:00 pm
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Analysts have mixed views on Fortrea Holdings (NASDAQ:FTRE) with a 21.87% drop in the average 12-month price target to $28.75. Recent ratings show a cautious outlook, with some analysts lowering their price targets and ratings.
The decrease in the average price target and the cautious ratings from analysts suggest a negative short-term outlook for Fortrea Holdings. The company's recent financial performance, including a decline in revenue and challenges in debt management, further supports this view.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100