Fortive Stock Forecast

Stock Price Forecast

The 12 analysts with 12-month price forecasts for Fortive stock have an average target of 86.5, with a low estimate of 70 and a high estimate of 98. The average target predicts an increase of 14.43% from the current stock price of 75.59.

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$70	$86.5	$90	$98
Change	-7.40%	+14.43%	+19.06%	+29.65%

Analyst Ratings

The average analyst rating for Fortive stock from 13 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	3	4	4	4	4	5
Buy	3	3	2	2	2	2
Hold	6	5	6	6	6	6
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	12	12	12	12	12	13

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Joseph O'Dea Wells Fargo	Wells Fargo	Hold Maintains $84 → $75	Hold	Maintains	$84 → $75	-0.78%	Jul 10, 2024
Joseph Giordano TD Cowen	TD Cowen	Hold → Strong Buy Upgrades $75 → $90	Hold → Strong Buy	Upgrades	$75 → $90	+19.06%	Jul 8, 2024
Jamie Cook Truist Securities	Truist Securities	Strong Buy Maintains $96 → $89	Strong Buy	Maintains	$96 → $89	+17.74%	Jul 2, 2024
Andrew Kaplowitz Citigroup	Citigroup	Strong Buy Maintains $101 → $98	Strong Buy	Maintains	$101 → $98	+29.65%	Apr 25, 2024
Deane Dray RBC Capital	RBC Capital	Hold Maintains $93 → $83	Hold	Maintains	$93 → $83	+9.80%	Apr 25, 2024

More Analyst Ratings

Financial Forecast

Revenue This Year

6.46B

from 6.07B

6.47%

from 6.07B

Revenue Next Year

6.79B

from 6.46B

5.06%

from 6.46B

EPS This Year

3.85

from 2.43

58.32%

from 2.43

EPS Next Year

4.21

from 3.85

9.45%

from 3.85

Year	2019	2020	2021	2022	2023	2024	2025	2026	2027	2028
Revenue	4.56B	4.63B	5.25B	5.83B	6.07B	6.46B	6.79B	7.10B	8.56B	9.41B
Revenue Growth	20.09%	1.54%	13.38%	10.87%	4.11%	6.47%	5.06%	4.61%	20.60%	9.88%
EPS	1.97	4.49	1.63	2.10	2.43	3.85	4.21	4.64	5.42	5.92
EPS Growth	-76.00%	127.92%	-63.70%	28.83%	15.71%	58.32%	9.45%	10.26%	16.82%	9.12%
Forward PE	-	-	-	-	-	19.65	17.95	16.28	13.94	12.77
No. Analysts	-	-	-	-	-	21	21	8	2	2

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

Revenue Forecast

Revenue	2024	2025	2026	2027	2028
High	6.8B	7.1B	7.7B	8.9B	9.8B
Avg	6.5B	6.8B	7.1B	8.6B	9.4B
Low	6.2B	6.5B	6.7B	8.3B	9.1B

Revenue Growth

Revenue Growth	2024	2025	2026	2027	2028
High	12.3%	10.6%	13.6%	25.4%	14.2%
Avg	6.5%	5.1%	4.6%	20.6%	9.9%
Low	2.2%	-0.0%	-1.3%	17.0%	6.6%

EPS Forecast

EPS	2024	2025	2026	2027	2028
High	4.04	4.53	4.88	5.64	6.15
Avg	3.85	4.21	4.64	5.42	5.92
Low	3.68	3.94	4.45	5.26	5.74

EPS Growth

EPS Growth	2024	2025	2026	2027	2028
High	66.4%	17.6%	16.0%	21.4%	13.4%
Avg	58.3%	9.5%	10.3%	16.8%	9.1%
Low	51.2%	2.4%	5.7%	13.3%	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.