Fortive Corporation (FTV)
NYSE: FTV · IEX Real-Time Price · USD
70.99
+1.00 (1.43%)
At close: Jul 26, 2024, 4:00 PM
70.75
-0.24 (-0.34%)
After-hours: Jul 26, 2024, 7:13 PM EDT
Fortive Stock Forecast
Stock Price Forecast
The 12 analysts with 12-month price forecasts for Fortive stock have an average target of 84.92, with a low estimate of 70 and a high estimate of 98. The average target predicts an increase of 19.62% from the current stock price of 70.99.
Analyst Consensus: Buy
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 |
|---|---|---|---|---|---|---|---|
| RBC Capital | RBC Capital | Hold Maintains $83 → $77 | Hold | Maintains | $83 → $77 | +8.47% | Jul 25, 2024 |
| Truist Securities | Truist Securities | Strong Buy Maintains $89 → $82 | Strong Buy | Maintains | $89 → $82 | +15.51% | Jul 25, 2024 |
| Barclays | Barclays | Buy Maintains $93 → $91 | Buy | Maintains | $93 → $91 | +28.19% | Jul 25, 2024 |
| Barclays | Barclays | Buy Maintains $97 → $93 | Buy | Maintains | $97 → $93 | +31.00% | Jul 10, 2024 |
| Wells Fargo | Wells Fargo | Hold Maintains $84 → $75 | Hold | Maintains | $84 → $75 | +5.65% | Jul 10, 2024 |
Financial Forecast
Revenue This Year
6.46B
from 6.07B
Increased by 6.47%
Revenue Next Year
6.79B
from 6.46B
Increased by 5.06%
EPS This Year
3.85
from 2.43
Increased by 58.32%
EPS Next Year
4.21
from 3.85
Increased by 9.45%
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.