BofA analyst Andrew Obin has adjusted the price target for Fortive (FTV, Financial), lowering it from $88 to $71 while maintaining a Neutral rating on the shares. This adjustment comes as part of a broader analysis of the Industrials/Multi-Industry sector, where BofA forecasts that the company's first-quarter earnings could either meet or surpass expectations.
This cautious approach is influenced by rising market uncertainties and existing tariffs, even though there was an announcement on April 9 regarding a 90-day suspension of reciprocal tariffs. These factors have led BofA to take a conservative stance by revising its earnings estimates downward, aiming to address potential risks that could impact the sector's performance.
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.
