Forecasting The Future: 10 Analyst Projections For Fortrea Holdings
Portfolio Pulse from Benzinga Insights
Fortrea Holdings (NASDAQ:FTRE) has been analyzed by 10 analysts in the last three months, showing a range of perspectives from bullish to bearish. The average 12-month price target has decreased by 19.9% to $28.7. Analysts have recently adjusted their ratings and price targets, reflecting evolving market conditions and company performance. Fortrea Holdings, a late-stage contract research organization, faces challenges in revenue growth, return on equity, and return on assets, while maintaining a high debt-to-equity ratio.
August 08, 2024 | 1:00 pm
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Fortrea Holdings has seen a 19.9% decrease in its average 12-month price target to $28.7, with analysts showing mixed sentiments. Recent downgrades reflect challenges in revenue growth, return on equity, and return on assets, alongside a high debt-to-equity ratio.
The significant drop in the average price target and the mixed analyst ratings indicate a bearish short-term outlook for Fortrea Holdings. The company's financial challenges, including declining revenue growth and high debt-to-equity ratio, contribute to this negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100