Fortive Corporation (FTV)
NYSE: FTV · Real-Time Price · USD
76.30
+0.55 (0.73%)
Nov 21, 2024, 11:53 AM EST - Market open

Fortive Stock Forecast

Stock Price Forecast

The 11 analysts with 12-month price forecasts for Fortive stock have an average target of 87.82, with a low estimate of 77 and a high estimate of 98. The average target predicts an increase of 15.10% from the current stock price of 76.30.

Analyst Consensus: Buy
Target Low Average Median High
Price $77 $87.82 $89 $98
Change +0.92% +15.10% +16.64% +28.44%

Analyst Ratings

The average analyst rating for Fortive stock from 14 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 Jun '24Jul '24Aug '24Sep '24Oct '24Nov '24
Strong Buy 455433
Buy 222455
Hold 666646
Sell 000000
Strong Sell 000000
Total 121313141214

Latest Forecasts

Analyst Firm Rating Rating Action Price Target Upside Date
Argus Research
Argus Research
Hold
Downgrades
n/a
Hold Downgrades n/a n/a Nov 18, 2024
UBS
UBS
Hold
Initiates
$84
Hold Initiates $84 +10.09% Nov 13, 2024
Truist Securities
Truist Securities
Strong Buy
Maintains
$90$89
Strong Buy Maintains $90$89 +16.64% Nov 1, 2024
Wells Fargo
Wells Fargo
Hold
Maintains
$82$77
Hold Maintains $82$77 +0.92% Oct 31, 2024
RBC Capital
RBC Capital
Hold
Maintains
$85$77
Hold Maintains $85$77 +0.92% Oct 31, 2024
More Analyst Ratings

Financial Forecast

Revenue This Year
6.32B
from 6.07B
Increased by 4.22%
Revenue Next Year
6.62B
from 6.32B
Increased by 4.65%
EPS This Year
3.88
from 2.43
Increased by 59.85%
EPS Next Year
4.21
from 3.88
Increased by 8.47%
Fiscal Year FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 FY 2026
Period Ending Dec 31, 2019 Dec 31, 2020 Dec 31, 2021 Dec 31, 2022 Dec 31, 2023 Dec 31, 2024 Dec 31, 2025 Dec 31, 2026
Revenue
4.56B4.63B5.25B5.83B6.07B6.32B6.62B6.96B
Revenue Growth
20.09%1.54%13.38%10.87%4.11%4.22%4.65%5.26%
EPS
1.974.491.632.102.433.884.214.62
EPS Growth
-75.95%127.57%-63.65%28.44%15.82%59.85%8.47%9.67%
Forward PE
-----19.6418.1116.51
No. Analysts -----212113
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue 20242025202620272028
High 6.7B 7.1B 7.7B
Avg 6.3B 6.6B 7.0B
Low 6.1B 6.3B 6.6B

Revenue Growth

Revenue Growth 20242025202620272028
High
9.7%
12.4%
17.1%
Avg
4.2%
4.7%
5.3%
Low
0.7%
-0.1%
0.0%

EPS Forecast

EPS 20242025202620272028
High 4.06 4.46 4.99
Avg 3.88 4.21 4.62
Low 3.73 4.02 4.36

EPS Growth

EPS Growth 20242025202620272028
High
67.2%
14.9%
18.4%
Avg
59.8%
8.5%
9.7%
Low
53.7%
3.4%
3.5%
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.