Fortive Corporation (FTV)

Fortive Stock Forecast

Stock Price Forecast

The 10 analysts with 12-month price forecasts for Fortive stock have an average target of 88.2, with a low estimate of 77 and a high estimate of 98. The average target predicts an increase of 23.95% from the current stock price of 71.16.

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$77	$88.2	$90	$98
Change	+8.21%	+23.95%	+26.48%	+37.72%

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	Jun '24	Jul '24	Aug '24	Sep '24	Oct '24	Nov '24
Strong Buy	4	5	5	4	3	3
Buy	2	2	2	4	5	5
Hold	6	6	6	6	4	4
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	12	13	13	14	12	12

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Jamie Cook Truist Securities	Truist Securities	Strong Buy Maintains $90 → $89	Strong Buy	Maintains	$90 → $89	+25.07%	Nov 1, 2024
Joseph O'Dea Wells Fargo	Wells Fargo	Hold Maintains $82 → $77	Hold	Maintains	$82 → $77	+8.21%	Oct 31, 2024
Deane Dray RBC Capital	RBC Capital	Hold Maintains $85 → $77	Hold	Maintains	$85 → $77	+8.21%	Oct 31, 2024
Julian Mitchell Barclays	Barclays	Buy Maintains $98 → $95	Buy	Maintains	$98 → $95	+33.50%	Oct 31, 2024
Stephen Tusa JP Morgan	JP Morgan	Hold → Buy Upgrades $90 → $92	Hold → Buy	Upgrades	$90 → $92	+29.29%	Oct 10, 2024

More Analyst Ratings

Financial Forecast

Revenue This Year

6.35B

Increased by 4.63%

from 6.07B

Revenue Next Year

6.67B

Increased by 5.09%

from 6.35B

EPS This Year

3.87

Increased by 59.09%

from 2.43

EPS Next Year

4.21

Increased by 8.86%

from 3.87

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	4.56B	4.63B	5.25B	5.83B	6.07B	6.35B	6.67B	7.03B
Revenue Growth	20.09%	1.54%	13.38%	10.87%	4.11%	4.63%	5.09%	5.40%
EPS	1.97	4.49	1.63	2.10	2.43	3.87	4.21	4.63
EPS Growth	-75.95%	127.57%	-63.65%	28.44%	15.82%	59.09%	8.86%	10.14%
Forward PE	-	-	-	-	-	18.41	16.91	15.35
No. Analysts	-	-	-	-	-	21	21	12

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2024	2025	2026	2027	2028
High	6.7B	7.1B	7.8B
Avg	6.3B	6.7B	7.0B
Low	6.1B	6.3B	6.7B

Revenue Growth

Revenue Growth	2024	2025	2026	2027	2028
High	9.7%	11.9%	16.8%
Avg	4.6%	5.1%	5.4%
Low	0.9%	-0.3%	-0.0%

EPS Forecast

EPS	2024	2025	2026	2027	2028
High	4.05	4.46	5.04
Avg	3.87	4.21	4.63
Low	3.72	3.98	4.36

EPS Growth

EPS Growth	2024	2025	2026	2027	2028
High	66.8%	15.4%	19.8%
Avg	59.1%	8.9%	10.1%
Low	53.3%	2.9%	3.6%

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.