Fortrea Holdings Inc. (FTRE)
NASDAQ: FTRE · IEX Real-Time Price · USD
26.03
+0.18 (0.70%)
At close: Jul 19, 2024, 4:00 PM
25.97
-0.06 (-0.23%)
Pre-market: Jul 20, 2024, 9:29 AM EDT
Fortrea Holdings Stock Forecast
Stock Price Forecast
The 10 analysts with 12-month price forecasts for Fortrea Holdings stock have an average target of 32.2, with a low estimate of 26 and a high estimate of 44. The average target predicts an increase of 23.70% from the current stock price of 26.03.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for FTRE stock from 11 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 | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 | Jul '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 2 | 2 | 2 | 2 | 2 | 2 |
| Buy | 2 | 2 | 2 | 3 | 3 | 3 |
| Hold | 1 | 3 | 3 | 4 | 5 | 5 |
| Sell | 1 | 1 | 1 | 1 | 1 | 1 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 6 | 8 | 8 | 10 | 11 | 11 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| B of A Securities | B of A Securities | Sell Maintains $27 → $26 | Sell | Maintains | $27 → $26 | -0.12% | Jul 18, 2024 |
| Goldman Sachs | Goldman Sachs | Hold Initiates $28 | Hold | Initiates | $28 | +7.57% | Jun 6, 2024 |
| TD Cowen | TD Cowen | Hold Initiates $27 | Hold | Initiates | $27 | +3.73% | May 29, 2024 |
| Mizuho | Mizuho | Hold Initiates $27 | Hold | Initiates | $27 | +3.73% | May 28, 2024 |
| Deutsche Bank | Deutsche Bank | Hold Maintains $36 → $28 | Hold | Maintains | $36 → $28 | +7.57% | May 23, 2024 |
Financial Forecast
Revenue This Year
2.86B
from 3.11B
Decreased by -8.14%
Revenue Next Year
2.99B
from 2.86B
Increased by 4.52%
EPS This Year
0.74
from -0.04
EPS Next Year
1.65
from 0.74
Increased by 122.80%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 3.0B | 3.1B | 3.7B | 3.6B | 3.9B |
| Avg | 2.9B | 3.0B | 3.2B | 3.4B | 3.7B |
| Low | 2.7B | 2.8B | 3.0B | 3.1B | 3.4B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | -4.8% | 10.0% | 22.9% | 13.8% | 16.9% |
| Avg | -8.1% | 4.5% | 7.2% | 5.3% | 9.6% |
| Low | -12.8% | -0.5% | -0.1% | -3.1% | 1.5% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 0.87 | 2.03 | 2.66 | 3.18 | 4.00 |
| Avg | 0.74 | 1.65 | 2.16 | 2.99 | 3.89 |
| Low | 0.59 | 1.05 | 1.21 | 2.69 | 3.73 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | - | 172.9% | 60.5% | 47.3% | 33.7% |
| Avg | - | 122.8% | 30.5% | 38.6% | 29.9% |
| Low | - | 41.2% | -27.2% | 24.4% | 24.8% |
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.