
Fortive (FTV) Stock Forecast & Price Target
Fortive (FTV) Analyst Ratings
Bulls say
Fortive is a well-diversified industrial technology firm with a focus on recurring revenue, cost savings, and bolt-on acquisitions. While there is potential for a downturn in the industrial sector to negatively impact organic growth, their strong track record as a spin-off from Danaher and commitment to generating free cash flow and returning capital to shareholders are positive signs for long-term success. Additionally, the success of their subsidiary Fluke adds to their strong overall performance and potential for future growth.
Bears say
Fortive is facing several headwinds, as it still relies heavily on cyclical markets that are sensitive to economic slowdowns, and the company's organic growth has been lackluster compared to peers. Additionally, Fortive's recent large deals have had mixed results, and the company's new M&A strategy is more focused on bolt-on acquisitions, making its business model less compelling. While the company has set achievable targets, it will need to gain credibility with investors to see a turnaround. However, in the event of extended underperformance, Fortive could face multiple compression and a downside scenario with a potential valuation of $42 per share.
This aggregate rating is based on analysts' research of Fortive and is not a guaranteed prediction by Public.com or investment advice.
Fortive (FTV) Analyst Forecast & Price Prediction
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