Fortive Corporation (FTV)
NYSE: FTV · IEX Real-Time Price · USD
77.51
+0.35 (0.45%)
May 20, 2024, 11:05 AM EDT - Market open
Fortive Stock Forecast
Stock Price Forecast
The 11 analysts with 12-month price forecasts for Fortive stock have an average target of 87.91, with a low estimate of 70 and a high estimate of 99. The average target predicts an increase of 13.42% from the current stock price of 77.51.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for Fortive stock from 12 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 | May '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 3 | 3 | 3 | 4 | 4 | 4 |
| Buy | 3 | 3 | 3 | 3 | 2 | 2 |
| Hold | 5 | 6 | 6 | 5 | 6 | 6 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 11 | 12 | 12 | 12 | 12 | 12 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Citigroup | Citigroup | Strong Buy Maintains $101 → $98 | Strong Buy | Maintains | $101 → $98 | +26.44% | Apr 25, 2024 |
| RBC Capital | RBC Capital | Hold Maintains $93 → $83 | Hold | Maintains | $93 → $83 | +7.08% | Apr 25, 2024 |
| Wells Fargo | Wells Fargo | Hold Maintains $92 → $84 | Hold | Maintains | $92 → $84 | +8.37% | Apr 25, 2024 |
| JP Morgan | JP Morgan | Buy → Hold Downgrades $95 → $90 | Buy → Hold | Downgrades | $95 → $90 | +16.11% | Apr 17, 2024 |
| Citigroup | Citigroup | Strong Buy Maintains $90 → $101 | Strong Buy | Maintains | $90 → $101 | +30.31% | Apr 8, 2024 |
Financial Forecast
Revenue This Year
6.54B
from 6.07B
Increased by 7.89%
Revenue Next Year
6.86B
from 6.54B
Increased by 4.80%
EPS This Year
3.83
from 2.43
Increased by 57.70%
EPS Next Year
4.20
from 3.83
Increased by 9.68%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 6.8B | 7.2B | 8.2B | 8.9B | 9.8B |
| Avg | 6.5B | 6.9B | 7.4B | 8.6B | 9.4B |
| Low | 6.3B | 6.6B | 6.8B | 8.3B | 9.1B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 12.9% | 10.3% | 19.5% | 20.4% | 14.2% |
| Avg | 7.9% | 4.8% | 7.8% | 15.8% | 9.9% |
| Low | 4.1% | 0.8% | -0.3% | 12.4% | 6.6% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 4.04 | 4.52 | 5.04 | 5.64 | 6.15 |
| Avg | 3.83 | 4.20 | 4.69 | 5.42 | 5.92 |
| Low | 3.68 | 3.96 | 4.43 | 5.26 | 5.74 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 66.4% | 17.8% | 19.9% | 20.3% | 13.4% |
| Avg | 57.7% | 9.7% | 11.5% | 15.7% | 9.1% |
| Low | 51.2% | 3.3% | 5.4% | 12.3% | 5.9% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.