Analyst Expectations For Fortrea Holdings's Future
Portfolio Pulse from Benzinga Insights
Analysts have mixed ratings for Fortrea Holdings (NASDAQ:FTRE), with a recent trend of lowering price targets. The average 12-month price target is now $25.1, down from $30.67. Fortrea, a contract research organization, faces challenges with declining revenue and below-average ROE and ROA, but maintains a strong net margin and healthy debt management.
September 11, 2024 | 7:00 pm
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Fortrea Holdings (NASDAQ:FTRE) has seen a downward trend in analyst price targets, now averaging $25.1. Analysts have mixed ratings, with recent downgrades reflecting challenges in revenue and returns, despite a strong net margin and healthy debt management.
The article highlights a trend of analysts lowering their price targets for Fortrea Holdings, indicating a bearish sentiment. The company's declining revenue and below-average ROE and ROA contribute to this negative outlook. However, its strong net margin and healthy debt management provide some positive aspects. Overall, the short-term impact on FTRE's stock price is likely negative due to the prevailing analyst sentiment and financial challenges.
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IMPORTANCE 80
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