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Fortescue (FSUGY) Stock Forecast & Price Target

Fortescue logo
$24.86 +0.32 (+1.30%)
As of 09/4/2026 03:51 PM Eastern
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Fortescue - Analysts' Recommendations and Stock Price Forecast (2026)

Consensus Rating

Reduce
Based on 3 Analyst Ratings
Sell
1
Hold
2
Buy
0

Based on 3 Wall Street analysts who have issued ratings for Fortescue in the last 12 months, the stock has a consensus rating of "Reduce." Out of the 3 analysts, 1 has given a sell rating, and 2 have given a hold rating for FSUGY.

Consensus Price Target

$16.90
-32.02% Downside
According to the 3 analysts' twelve-month price targets for Fortescue, the average price target is $16.90. The highest price target for FSUGY is $16.90, while the lowest price target for FSUGY is $16.90. The average price target represents a forecasted downside of -32.02% from the current price of $24.86.
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.
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FSUGY Analyst Ratings Over Time

TypeCurrent Forecast
9/5/25 to 9/5/26		1 Month Ago
8/6/25 to 8/6/26		3 Months Ago
6/7/25 to 6/7/26		1 Year Ago
9/5/24 to 9/5/25
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
1 Strong Buy rating(s)
Buy
0 Buy rating(s)
0 Buy rating(s)
0 Buy rating(s)
0 Buy rating(s)
Hold
2 Hold rating(s)
2 Hold rating(s)
2 Hold rating(s)
2 Hold rating(s)
Sell
1 Sell rating(s)
2 Sell rating(s)
2 Sell rating(s)
1 Sell rating(s)
Consensus Price Target$16.90$16.90N/AN/A
Forecasted Upside-32.02% Downside-34.39% DownsideN/AN/A
Consensus RatingReduceReduceReduceHold

FSUGY 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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FSUGY 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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Fortescue Stock vs. The Competition

TypeFortescueMaterials CompaniesBroader Market
Consensus Rating Score
1.67
2.56
2.53
Consensus RatingReduceModerate BuyModerate Buy
Predicted Upside-32.02% Downside130.00% Upside14.05% Upside
News Sentiment Rating
Neutral News

See Recent FSUGY News
Positive News
Positive News
Export
DateBrokerageAnalystActionRatingPrice TargetReport Date
Upside/Downside		Details
8/20/2026
Jefferies Financial Group Inc. logo
Jefferies Financial Group
3 of 5 stars
 UpgradeModerate Sell ➝ Hold
8/5/2026
Zacks Research logo
Zacks Research
5 of 5 stars
 DowngradeStrong-Buy ➝ Hold
7/2/2026
The Goldman Sachs Group, Inc. logo
The Goldman Sachs Group
3 of 5 stars
 DowngradeHold ➝ Sell$16.90-33.83%
8/26/2025
Royal Bank Of Canada logo
Royal Bank Of Canada
Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating
 DowngradeModerate Buy ➝ Hold
7/24/2025
Macquarie Infrastructure Holdings, LLC logo
Macquarie Infrastructure
Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating
 DowngradeHold ➝ Strong Sell
4/29/2025
Citigroup Inc. logo
Citigroup
Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating
Paul McTaggart
Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating
UpgradeHold ➝ Strong-Buy

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 11:28 AM ET.


Should I Buy Fortescue Stock? FSUGY Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Friday, September 4, 2026. Please send any questions or comments about these Fortescue pros and cons to contact@marketbeat.com.

Fortescue
Bull Case

green Wall Street bull icon

Here are some ways that investors could benefit from investing in Fortescue Metals Group Limited:

  • Fortescue Metals Group Limited is currently trading at $24.86, which is near its 52-week low of $23.79, potentially offering a value entry point for investors looking to capitalize on a rebound from recent price declines.
  • The company has committed $680 million to a Pilbara green energy expansion and is fast-tracking a world-first off-grid project combining solar, wind, and up to 5 GWh of battery storage, positioning it as a leader in the transition to green hydrogen and ammonia derivatives.
  • Short interest in Fortescue Metals Group Limited decreased significantly in August 2026, dropping 71.0% to 25,135 shares, which may indicate that bearish sentiment is fading and could lead to upward price pressure as short sellers cover their positions.
  • Jefferies Financial Group Inc. upgraded Fortescue Metals Group Limited from "moderate sell" to "hold" in August 2026, suggesting that some analysts see improved fundamentals or reduced risk compared to previous assessments.
  • The company maintains a dividend yield of 5.21%, providing a steady income stream for investors while it continues to explore and produce iron ore, copper, gold, and lithium deposits in Australia and internationally.

Fortescue
Bear Case

red Wall Street bear icon

Investors should be bearish about investing in Fortescue Metals Group Limited for these reasons:

  • Fortescue Metals Group Limited recently set a new 52-week low, with the stock price falling to $23.9375 on September 2, 2026, indicating significant downward momentum and potential continued weakness in the near term.
  • The consensus rating for Fortescue Metals Group Limited is "Reduce," and Morgan Stanley recently reiterated a "Sell" rating, reflecting a broad lack of confidence among institutional investors in the company's near-term performance.
  • Fortescue Metals Group Limited shares fell in July 2026 after reports that China restricted iron ore shipments, highlighting the company's vulnerability to geopolitical risks and trade policy changes in its key export markets.
  • Zacks Research downgraded Fortescue Metals Group Limited from "strong-buy" to "hold" in August 2026, suggesting that the positive earnings outlook that previously supported the stock may be weakening or no longer justifying a higher valuation.
  • The company's P/E ratio is listed as 0.00, which may indicate that it is currently not generating positive earnings or that its valuation metrics are distorted, making it difficult for investors to assess traditional profitability and value.

FSUGY Forecast - Frequently Asked Questions

According to the research reports of 3 Wall Street equities research analysts, the average twelve-month stock price forecast for Fortescue is $16.90, with a high forecast of $16.90 and a low forecast of $16.90.

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Fortescue in the last twelve months. There is currently 1 sell rating and 2 hold ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "reduce" FSUGY shares.

According to analysts, Fortescue's stock has a predicted downside of -32.02% based on their 12-month stock forecasts.

Over the previous 90 days, Fortescue's stock had 2 upgrades and 2 downgrades by analysts.

Fortescue has been rated by research analysts at Jefferies Financial Group, The Goldman Sachs Group, and Zacks Research in the past 90 days.

Analysts like Fortescue less than other "materials" companies. The consensus rating for Fortescue is Reduce while the average consensus rating for "materials" companies is Moderate Buy. Learn more on how FSUGY compares to other companies.

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MarketBeat monitors more than a dozen sources for Fortescue analyst ratings, with the most recent rating issued on 8/20/2026.
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