Evaluating Fortive: Insights From 13 Financial Analysts
Portfolio Pulse from Benzinga Insights
Fortive (NYSE:FTV) has received mixed ratings from 13 analysts over the past three months, with a majority being somewhat bullish. The average 12-month price target is $86.77, slightly down from the previous $87.18. Analysts have adjusted their ratings and price targets in response to market conditions, with some raising and others lowering their expectations. Fortive's financial performance shows revenue growth but challenges in profitability and asset utilization.

September 26, 2024 | 3:00 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Fortive has received mixed analyst ratings, with a slight decrease in the average price target. Analysts have adjusted their ratings based on market conditions, reflecting both optimism and caution. Fortive's financials show revenue growth but challenges in profitability and asset utilization.
The mixed analyst ratings and slight decrease in price targets suggest a neutral short-term impact on Fortive's stock price. While there is some optimism with raised ratings, the challenges in profitability and asset utilization may offset potential gains. The financial performance indicates growth, but the below-average net margin and ROE could limit positive momentum.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100