Fortrea Holdings Inc. (FTRE)
NASDAQ: FTRE · Real-Time Price · USD
19.26
+0.76 (4.11%)
Dec 20, 2024, 4:00 PM EST - Market closed
Fortrea Holdings Stock Forecast
Stock Price Forecast
The 10 analysts with 12-month price forecasts for Fortrea Holdings stock have an average target of 23.3, with a low estimate of 20 and a high estimate of 27. The average target predicts an increase of 20.98% from the current stock price of 19.26.
Analyst Consensus: Hold
Analyst Ratings
The average analyst rating for FTRE stock from 11 stock analysts is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.
Recommendation Trends
| Rating | Jul '24 | Aug '24 | Sep '24 | Oct '24 | Nov '24 | Dec '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 2 | 2 | 1 | 1 | 1 | 0 |
| Buy | 2 | 1 | 1 | 1 | 1 | 0 |
| Hold | 6 | 7 | 8 | 8 | 8 | 10 |
| Sell | 1 | 1 | 1 | 1 | 1 | 1 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 11 | 11 | 11 | 11 | 11 | 11 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Citigroup | Citigroup | Strong Buy → Hold Downgrades $30 → $23 | Strong Buy → Hold | Downgrades | $30 → $23 | +19.42% | Dec 11, 2024 |
| Baird | Baird | Buy → Hold Downgrades $28 → $25 | Buy → Hold | Downgrades | $28 → $25 | +29.80% | Dec 6, 2024 |
| TD Cowen | TD Cowen | Hold Maintains $23 → $25 | Hold | Maintains | $23 → $25 | +29.80% | Nov 11, 2024 |
| Barclays | Barclays | Hold Maintains $20 → $25 | Hold | Maintains | $20 → $25 | +29.80% | Nov 11, 2024 |
| Baird | Baird | Buy Maintains $28 → $30 | Buy | Maintains | $28 → $30 | +55.76% | Nov 11, 2024 |
Financial Forecast
Revenue This Year
2.76B
from 3.11B
Decreased by -11.26%
Revenue Next Year
2.79B
from 2.76B
Increased by 1.16%
EPS This Year
0.53
from -0.04
EPS Next Year
1.37
from 0.53
Increased by 158.10%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|
| High | 2.9B | 2.9B | 3.1B | |||
| Avg | 2.8B | 2.8B | 2.9B | |||
| Low | 2.6B | 2.6B | 2.7B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|
| High | -8.3% | 6.3% | 9.8% | |||
| Avg | -11.3% | 1.2% | 4.8% | |||
| Low | -14.9% | -4.2% | -2.1% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 0.60 | 1.85 | 2.44 | ||
| Avg | 0.53 | 1.37 | 1.83 | ||
| Low | 0.45 | 1.08 | 1.38 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | - | 247.7% | 77.6% | ||
| Avg | - | 158.1% | 33.3% | ||
| Low | - | 102.8% | 0.7% |
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.