Fortive Corporation (FTV)
NYSE: FTV · IEX Real-Time Price · USD
75.58
-1.49 (-1.93%)
May 23, 2024, 4:00 PM EDT - Market closed

Fortive Stock Forecast

Stock Price Forecast

The 11 analysts with 12-month price forecasts for Fortive stock have an average target of 87.91, with a low estimate of 70 and a high estimate of 99. The average target predicts an increase of 16.31% from the current stock price of 75.58.

Analyst Consensus: Buy
Target Low Average Median High
Price $70 $87.91 $90 $99
Change -7.38% +16.31% +19.08% +30.99%

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 Dec '23Jan '24Feb '24Mar '24Apr '24May '24
Strong Buy 333444
Buy 333322
Hold 566566
Sell 000000
Strong Sell 000000
Total 111212121212

Latest Forecasts

Analyst Firm Rating Rating Action Price Target Upside Date
Citigroup
Citigroup
Strong Buy
Maintains
$101$98
Strong Buy Maintains $101$98 +29.66% Apr 25, 2024
RBC Capital
RBC Capital
Hold
Maintains
$93$83
Hold Maintains $93$83 +9.82% Apr 25, 2024
Wells Fargo
Wells Fargo
Hold
Maintains
$92$84
Hold Maintains $92$84 +11.14% Apr 25, 2024
JP Morgan
JP Morgan
Hold
Downgrades
$95$90
Hold Downgrades $95$90 +19.08% Apr 17, 2024
Citigroup
Citigroup
Strong Buy
Maintains
$90$101
Strong Buy Maintains $90$101 +33.63% Apr 8, 2024
More Analyst Ratings

Financial Forecast

Revenue This Year
6.54B
from 6.07B
Increased by 7.89%
Revenue Next Year
6.86B
from 6.54B
Increased by 4.80%
EPS This Year
3.83
from 2.43
Increased by 57.70%
EPS Next Year
4.20
from 3.83
Increased by 9.68%
Year 2019202020212022202320242025202620272028
Revenue
4.56B4.63B5.25B5.83B6.07B6.54B6.86B7.39B8.56B9.41B
Revenue Growth
20.09%1.54%13.38%10.87%4.11%7.89%4.80%7.79%15.80%9.88%
EPS
1.974.491.632.102.433.834.204.695.425.92
EPS Growth
-76.00%127.92%-63.70%28.83%15.71%57.70%9.68%11.54%15.69%9.12%
No. Analysts -----2220822
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue 20242025202620272028
High 6.8B 7.2B 8.2B 8.9B 9.8B
Avg 6.5B 6.9B 7.4B 8.6B 9.4B
Low 6.3B 6.6B 6.8B 8.3B 9.1B

Revenue Growth

Revenue Growth 20242025202620272028
High
12.9%
10.3%
19.5%
20.4%
14.2%
Avg
7.9%
4.8%
7.8%
15.8%
9.9%
Low
4.1%
0.8%
-0.3%
12.4%
6.6%

EPS Forecast

EPS 20242025202620272028
High 4.04 4.52 5.04 5.64 6.15
Avg 3.83 4.20 4.69 5.42 5.92
Low 3.68 3.96 4.43 5.26 5.74

EPS Growth

EPS Growth 20242025202620272028
High
66.4%
17.8%
19.9%
20.3%
13.4%
Avg
57.7%
9.7%
11.5%
15.7%
9.1%
Low
51.2%
3.3%
5.4%
12.3%
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.