As of May 26, 2023, Fortive is a renowned corporation that specializes in the creation, advancement, production, and promotion of high-quality professional and engineered products, software, and services for a diverse range of industries. According to RBC Capital analyst Deane Dray, Fortive has been given a Sector Perform rating and has seen a price target increase from $74 to $75. Additionally, analysts polled by Capital IQ have given Fortive an average investment rating of outperform, with price targets varying from $63 to $91. Furthermore, the company’s one-year high has been recorded at $69.71.
Fortive Corporation (FTV) Reports Positive Earnings and Revenue Growth in 2023
On May 26, 2023, Fortive Corporation (FTV) opened at $65.45 and closed at $66.88, an increase of 1.16%. The day’s range was between $65.45 and $66.89, with a volume of 348,677 shares traded. Fortive Corporation specializes in electronic equipment and instruments and has shown positive earnings and revenue growth in the past year. The company’s next reporting date is scheduled for July 27, 2023, with an EPS forecast of $0.81.
Fortive Corp (FTV) Stock Price Forecast for May 26, 2023: Analysts Recommend Buying
On May 26, 2023, Fortive Corp (FTV) had a median target price of $75.00, according to 16 analysts offering 12-month price forecasts. The high estimate was $91.00, while the low estimate was $63.00. The current consensus among 20 polled investment analysts was to buy stock in Fortive Corp. Fortive Corp is a diversified industrial company that provides essential products and services in various markets, including transportation, healthcare, and industrial automation. The company’s portfolio includes well-known brands such as Fluke, Tektronix, and Gilbarco Veeder-Root. The stock performance of Fortive Corp on May 26, 2023, was likely influenced by several factors, including the company’s financial performance, market trends, and investor sentiment. Investors who followed the consensus buy rating and purchased FTV stock on May 26, 2023, may have benefited from a potential increase in the stock price in the coming months.
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