Fortive (FTV) Stock Forecast & Price Target

$75.78

-1.51 (-1.95%)

(As of 10:09 AM 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

Moderate Buy
Based on 15 Analyst Ratings

Based on 15 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 15 analysts, 6 have given a hold rating, and 9 have given a buy rating for FTV.

Consensus Price Target

$86.23
13.79% Upside

High Forecast	$98.00
Average Forecast	$86.23
Low Forecast	$70.00

According to the 15 analysts' twelve-month price targets for Fortive, the average price target is $86.23. 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 13.79% from the current price of $75.78.

Type	Current Forecast 9/21/23 to 9/20/24	1 Month Ago 8/22/23 to 8/21/24	3 Months Ago 6/23/23 to 6/22/24	1 Year Ago 9/21/22 to 9/21/23
Consensus Rating	Moderate Buy	Moderate Buy	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	9 Buy rating(s)	6 Buy rating(s)	6 Buy rating(s)	7 Buy rating(s)
Hold	6 Hold rating(s)	6 Hold rating(s)	7 Hold rating(s)	3 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$86.23	$84.91	$86.46	$78.00
Forecasted Upside	13.79% Upside	15.48% Upside	12.02% Upside	10.98% 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.

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.

Fortive Stock vs. The Competition

Type	Fortive	Computer and Technology Companies	S&P 500
Consensus Rating Score	2.60	2.65	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	11.57% Upside	91.07% Upside	6.75% Upside
News Sentiment Rating	Positive News	Neutral News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
9/6/2024	Barclays 3 of 5 stars		Boost Target	Overweight ➝ Overweight	$91.00 ➝ $94.00	+29.42%
9/6/2024	Royal Bank of Canada 4 of 5 stars		Reiterated Rating	Sector Perform ➝ Sector Perform	$77.00 ➝ $77.00	+5.77%
9/6/2024	Morgan Stanley 3 of 5 stars		Initiated Coverage	Overweight	$89.00	+22.25%
9/6/2024	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating	N. Coe Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Outperform ➝ Peer Perform
9/6/2024	Mizuho Subscribe to MarketBeat All Access for the recommendation accuracy rating	B. Linzey Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Neutral ➝ Outperform	$80.00 ➝ $90.00	+23.63%
9/5/2024	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating	B. Gesuale Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Market Perform ➝ Outperform	$85.00	+17.35%
Get the Latest News and Ratings for FTV and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Fortive and its competitors with MarketBeat's FREE daily newsletter.
7/25/2024	Truist Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$89.00 ➝ $82.00	+16.35%
7/10/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Equal Weight ➝ Equal Weight	$84.00 ➝ $75.00	+2.64%
7/8/2024	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating	J. Giordano Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold ➝ Buy	$75.00 ➝ $90.00	+24.29%
4/25/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$101.00 ➝ $98.00	+28.59%
4/17/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Overweight ➝ Neutral	$95.00 ➝ $90.00	+11.76%
1/2/2024	Vertical Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Hold
10/26/2023	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Neutral	$70.00	+8.36%
10/10/2023	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$80.00 ➝ $90.00	+17.74%
10/5/2023	BNP Paribas Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Outperform	$91.00	+23.07%
8/7/2023	Seaport Res Ptn Subscribe to MarketBeat All Access for the recommendation accuracy rating	S. Graham Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Buy
7/27/2023	Argus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$80.00 ➝ $85.00	+9.49%
7/27/2023	Robert W. Baird Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$82.00 ➝ $85.00	+10.76%
10/27/2022	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform	$79.00 ➝ $78.00	+23.83%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Friday at 10:28 AM ET.

FTV Forecast - Frequently Asked Questions

What is Fortive's forecast for 2024?: According to the research reports of 15 Wall Street equities research analysts, the average twelve-month stock price forecast for Fortive is $86.23, with a high forecast of $98.00 and a low forecast of $70.00.
Should I buy or sell Fortive stock right now?: 15 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Fortive in the last twelve months. There are currently 6 hold ratings and 9 buy ratings for the stock. The consensus among Wall Street equities research 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 17.86% based on their 12-month stock forecasts.
Has Fortive been upgraded or downgraded by Wall Street analysts recently?: Over the previous 90 days, Fortive's stock had 3 upgrades and 1 downgrade by analysts.
What analysts cover Fortive?: Fortive has been rated by research analysts at Barclays, Mizuho, Morgan Stanley, Raymond James, Royal Bank of Canada, TD Cowen, Truist Financial, Wells Fargo & Company, and Wolfe Research 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 2.60 while the average consensus rating score for "computer and technology" companies is 2.65. Learn more on how FTV compares to other companies.