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Fortive (FTV) Stock Forecast & Price Target

$76.80
+0.18 (+0.23%)
(As of 12:34 PM ET)

Fortive - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Based on 13 Wall Street analysts who have issued ratings for Fortive in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 13 analysts, 6 have given a hold rating, and 7 have given a buy rating for FTV.

Consensus Price Target

$86.08
12.08% Upside
High Forecast$98.00
Average Forecast$86.08
Low Forecast$70.00

According to the 13 analysts' twelve-month price targets for Fortive, the average price target is $86.08. The highest price target for FTV is $98.00, while the lowest price target for FTV is $70.00. The average price target represents a forecasted upside of 12.08% from the current price of $76.80.

TypeCurrent Forecast
7/24/23 to 7/23/24
1 Month Ago
6/24/23 to 6/23/24
3 Months Ago
4/25/23 to 4/24/24
1 Year Ago
7/24/22 to 7/24/23
Consensus Rating
Moderate Buy
Hold
Hold
Moderate Buy
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
7 Buy rating(s)
6 Buy rating(s)
6 Buy rating(s)
6 Buy rating(s)
Hold
6 Hold rating(s)
7 Hold rating(s)
7 Hold rating(s)
2 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$86.08$86.46$86.54$75.30
Forecasted Upside12.08% Upside12.02% Upside10.31% Upside13.86% Upside
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FTV Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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FTV Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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Fortive Stock vs. The Competition

TypeFortiveComputer and Technology CompaniesS&P 500
Consensus Rating Score
2.54
2.61
2.51
Consensus RatingModerate BuyModerate BuyModerate Buy
Predicted Upside11.76% Upside122.21% Upside9.55% Upside
News Sentiment RatingPositive News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
7/10/2024Barclays
2 of 5 stars
 Lower TargetOverweight ➝ Overweight$97.00 ➝ $93.00+26.26%
7/10/2024Wells Fargo & Company
3 of 5 stars
 Lower TargetEqual Weight ➝ Equal Weight$84.00 ➝ $75.00+2.64%
7/8/2024TD Cowen
4 of 5 stars
J. Giordano
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UpgradeHold ➝ Buy$75.00 ➝ $90.00+24.29%
7/2/2024Truist Financial
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 Lower TargetBuy ➝ Buy$96.00 ➝ $89.00+23.44%
4/25/2024Citigroup
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 Lower TargetBuy ➝ Buy$101.00 ➝ $98.00+28.59%
4/25/2024Royal Bank of Canada
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 Lower TargetSector Perform ➝ Sector Perform$93.00 ➝ $83.00+9.72%
4/17/2024JPMorgan Chase & Co.
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 DowngradeOverweight ➝ Neutral$95.00 ➝ $90.00+11.76%
2/1/2024Mizuho
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 Boost TargetNeutral ➝ Neutral$70.00 ➝ $80.00+0.18%
1/2/2024Vertical Research
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 DowngradeBuy ➝ Hold
10/26/2023Bank of America
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 DowngradeBuy ➝ Neutral$70.00+8.36%
10/10/2023UBS Group
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 Boost TargetBuy ➝ Buy$80.00 ➝ $90.00+17.74%
10/5/2023BNP Paribas
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 Initiated CoverageOutperform$91.00+23.07%
8/7/2023Seaport Res Ptn
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S. Graham
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Reiterated RatingBuy
7/27/2023Argus
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 Boost Target$80.00 ➝ $85.00+9.49%
7/27/2023Robert W. Baird
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 Boost Target$82.00 ➝ $85.00+10.76%
10/27/2022Credit Suisse Group
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 Lower TargetOutperform$79.00 ➝ $78.00+23.83%
10/27/2022Morgan Stanley
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 Boost TargetOverweight$73.00 ➝ $75.00+19.73%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Tuesday at 12:51 PM ET.

FTV Forecast - Frequently Asked Questions

What is Fortive's forecast for 2024?

According to the research reports of 13 Wall Street equities research analysts, the average twelve-month stock price forecast for Fortive is $86.08, with a high forecast of $98.00 and a low forecast of $70.00.

Should I buy or sell Fortive stock right now?

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Fortive in the last twelve months. There are currently 6 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" FTV shares.

Does Fortive's stock price have much upside?

According to analysts, Fortive's stock has a predicted upside of 15.33% based on their 12-month stock forecasts.

Has Fortive been upgraded by Wall Street analysts recently?

Over the previous 90 days, Fortive's stock had 1 upgrade by analysts.

What analysts cover Fortive?

Fortive has been rated by research analysts at Barclays, Citigroup, Royal Bank of Canada, TD Cowen, Truist Financial, and Wells Fargo & Company in the past 90 days.

Do Wall Street analysts like Fortive more than its competitors?

Analysts like Fortive less than other "computer and technology" companies. The consensus rating score for Fortive is 2.54 while the average consensus rating score for "computer and technology" companies is 2.61. Learn more on how FTV compares to other companies.


This page (NYSE:FTV) was last updated on 7/23/2024 by MarketBeat.com Staff

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