Citi has adjusted its price target for Fortive Corporation (FTV, Financial), decreasing it from $84 to $69 while maintaining a Neutral rating on the stock. This revision comes as part of a broader first-quarter preview of the U.S. electrical equipment and industrial conglomerate sector.
According to Citi, the Trump Administration's protectionist policies could potentially rejuvenate the long-term growth prospects for companies within this sector. The firm anticipates that the sector's first-quarter orders and earnings will largely meet expectations, despite the current adjustments.
Overall, Citi recognizes emerging opportunities within the sector, suggesting that investors may find growing value among these conglomerates as they navigate the evolving economic landscape.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 17 analysts, the average target price for Fortive Corp (FTV, Financial) is $84.20 with a high estimate of $97.00 and a low estimate of $67.00. The average target implies an upside of 29.57% from the current price of $64.98. More detailed estimate data can be found on the Fortive Corp (FTV) Forecast page.
Based on the consensus recommendation from 21 brokerage firms, Fortive Corp's (FTV, Financial) average brokerage recommendation is currently 2.4, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Fortive Corp (FTV, Financial) in one year is $78.25, suggesting a upside of 20.42% from the current price of $64.98. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Fortive Corp (FTV) Summary page.
