Fortrea (FTRE) Stock Forecast, Price Target & Predictions
FTRE Stock Forecast
Fortrea stock forecast is as follows: an average price target of $23.50 (represents a 22.01% upside from FTRE’s last price of $19.26) and a rating consensus of 'Hold', based on 7 wall street analysts offering a 1-year stock forecast.
FTRE Price Target
The average price target for Fortrea (FTRE) is $23.50 based on 1-year price targets from 7 Wall Street analysts in the past 3 months, with a price target range of $25.00 to $22.00. This represents a potential 22.01% upside from FTRE's last price of $19.26.
FTRE Analyst Ratings
According to 7 Wall Street analysts, Fortrea's rating consensus is 'Hold'. The analyst rating breakdown for FTRE stock is 0 'Strong Buy' (0.00%), 2 'Buy' (28.57%), 5 'Hold' (71.43%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
Fortrea Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Nov 08, 2024 | Luke Sergott | Barclays | $25.00 | $17.00 | 47.02% | 29.80% |
| Aug 13, 2024 | Elizabeth Anderson | Evercore ISI | $22.00 | $20.04 | 9.78% | 14.23% |
| Aug 08, 2024 | Elizabeth Anderson | Evercore ISI | $27.00 | $24.57 | 9.89% | 40.19% |
| Jun 06, 2024 | Matthew Sykes | Goldman Sachs | $28.00 | $27.35 | 2.38% | 45.38% |
| May 28, 2024 | Ann Hynes | Mizuho Securities | $27.00 | $25.55 | 5.68% | 40.19% |
| May 23, 2024 | Justin Bowers | Deutsche Bank | $28.00 | $26.05 | 7.49% | 45.38% |
| May 20, 2024 | David Windley | Jefferies | $36.50 | $27.55 | 32.49% | 89.51% |
| May 14, 2024 | Eric Coldwell | Robert W. Baird | $36.00 | $28.11 | 28.07% | 86.92% |
The latest Fortrea stock forecast, released on Nov 08, 2024 by Luke Sergott from Barclays, set a price target of $25.00, which represents a 47.02% increase from the stock price at the time of the forecast ($17.00), and a 29.80% increase from FTRE last price ($19.26).
Fortrea Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | 1 | 8 |
| Avg Price Target | - | $25.00 | $28.69 |
| Last Closing Price | $19.26 | $19.26 | $19.26 |
| Upside/Downside | -100.00% | 29.80% | 48.96% |
In the current month, the average price target of Fortrea stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Fortrea's last price of $19.26. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Dec 11, 2024 | Citigroup | Buy | Neutral | Downgrade |
| Nov 11, 2024 | Cowen & Co. | Hold | Hold | Hold |
| Sep 25, 2024 | Jefferies | Buy | Hold | Downgrade |
| Jun 06, 2024 | Goldman Sachs | Neutral | Initialise | |
| May 29, 2024 | Cowen & Co. | Hold | Initialise | |
| May 23, 2024 | Deutsche Bank | Hold | Hold | Hold |
| May 20, 2024 | Jefferies | Buy | Buy | Hold |
| May 14, 2024 | Bank of America Securities | Underperform | Underperform | Hold |
| Dec 11, 2023 | Citigroup | Buy | Upgrade | |
| Dec 01, 2023 | Evercore ISI | Outperform | Upgrade | |
| Nov 14, 2023 | Barclays | Overweight | Upgrade |
Fortrea's last stock rating was published by Citigroup on Dec 11, 2024. The company Downgrade its FTRE rating from "Buy" to "Neutral".
Fortrea Financial Forecast
Fortrea Revenue Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $793.00M |
| Avg Forecast | $734.48M | $720.12M | $706.95M | $702.07M | $705.11M | $684.95M | $672.35M | $665.07M | $703.94M | $674.86M | $689.08M | $754.58M | $779.09M | $748.90M | $771.51M |
| High Forecast | $744.53M | $729.98M | $716.62M | $711.67M | $714.76M | $694.32M | $681.55M | $670.80M | $711.85M | $682.49M | $689.08M | $754.58M | $782.10M | $759.15M | $782.07M |
| Low Forecast | $724.00M | $709.85M | $696.86M | $692.05M | $695.05M | $675.18M | $662.76M | $659.34M | $683.89M | $667.24M | $689.08M | $754.58M | $777.55M | $738.22M | $760.51M |
| # Analysts | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 5 | 7 | 3 | 1 | 1 | 3 | 1 | 1 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.03% |
Fortrea's average Quarter revenue forecast for Sep 23 based on 1 analysts is $748.90M, with a low forecast of $738.22M, and a high forecast of $759.15M. FTRE's average Quarter revenue forecast represents a -5.56% decrease compared to the company's last Quarter revenue of $793.00M (Jun 23).
Fortrea EBITDA Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 5 | 7 | 3 | 1 | 1 | 3 | 1 | 1 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $63.20M |
| Avg Forecast | $38.51M | $37.76M | $37.06M | $36.81M | $36.97M | $35.91M | $35.25M | $34.87M | $36.91M | $35.38M | $36.13M | $39.56M | $40.85M | $39.26M | $40.45M |
| High Forecast | $39.03M | $38.27M | $37.57M | $37.31M | $37.47M | $36.40M | $35.73M | $35.17M | $37.32M | $35.78M | $36.13M | $39.56M | $41.00M | $39.80M | $41.00M |
| Low Forecast | $37.96M | $37.22M | $36.54M | $36.28M | $36.44M | $35.40M | $34.75M | $34.57M | $35.86M | $34.98M | $36.13M | $39.56M | $40.77M | $38.70M | $39.87M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.56% |
1 analysts predict FTRE's average Quarter EBITDA for Sep 23 to be $39.26M, with a high of $39.80M and a low of $38.70M. This is -37.87% lower than Fortrea's previous annual EBITDA (Jun 23) of $63.20M.
Fortrea Net Income Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 5 | 7 | 3 | 1 | 1 | 3 | 1 | 1 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $28.30M |
| Avg Forecast | $45.19M | $41.16M | $37.71M | $30.42M | $42.00M | $32.06M | $25.51M | $18.77M | $33.34M | $22.37M | $6.04M | $622.58K | $20.70M | $14.35M | $34.87M |
| High Forecast | $46.00M | $41.89M | $38.38M | $30.96M | $42.74M | $32.63M | $25.96M | $20.21M | $37.05M | $22.56M | $6.06M | $633.65K | $22.50M | $14.61M | $35.49M |
| Low Forecast | $44.35M | $40.40M | $37.01M | $29.85M | $41.22M | $31.47M | $25.03M | $16.60M | $28.71M | $22.18M | $6.01M | $611.04K | $16.20M | $14.09M | $34.22M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.81% |
Fortrea's average Quarter net income forecast for Sep 23 is $14.35M, with a range of $14.09M to $14.61M. FTRE's average Quarter net income forecast represents a -49.28% decrease compared to the company's last Quarter net income of $28.30M (Jun 23).
Fortrea SG&A Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 5 | 7 | 3 | 1 | 1 | 3 | 1 | 1 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $80.80M |
| Avg Forecast | $74.91M | $73.45M | $72.10M | $71.61M | $71.92M | $69.86M | $68.58M | $67.83M | $71.80M | $68.83M | $70.28M | $76.96M | $79.46M | $76.38M | $78.69M |
| High Forecast | $75.94M | $74.45M | $73.09M | $72.59M | $72.90M | $70.82M | $69.51M | $68.42M | $72.60M | $69.61M | $70.28M | $76.96M | $79.77M | $77.43M | $79.77M |
| Low Forecast | $73.84M | $72.40M | $71.08M | $70.58M | $70.89M | $68.86M | $67.60M | $67.25M | $69.75M | $68.05M | $70.28M | $76.96M | $79.30M | $75.29M | $77.57M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.03% |
Fortrea's average Quarter SG&A projection for Sep 23 is $76.38M, based on 1 Wall Street analysts, with a range of $75.29M to $77.43M. The forecast indicates a -5.47% fall compared to FTRE last annual SG&A of $80.80M (Jun 23).
Fortrea EPS Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 5 | 7 | 3 | 1 | 1 | 3 | 1 | 1 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $0.32 |
| Avg Forecast | $0.51 | $0.46 | $0.42 | $0.34 | $0.47 | $0.36 | $0.29 | $0.21 | $0.37 | $0.25 | $0.07 | $0.01 | $0.23 | $0.16 | $0.39 |
| High Forecast | $0.51 | $0.47 | $0.43 | $0.35 | $0.48 | $0.37 | $0.29 | $0.23 | $0.41 | $0.25 | $0.07 | $0.01 | $0.25 | $0.16 | $0.40 |
| Low Forecast | $0.50 | $0.45 | $0.41 | $0.33 | $0.46 | $0.35 | $0.28 | $0.19 | $0.32 | $0.25 | $0.07 | $0.01 | $0.18 | $0.16 | $0.38 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.82% |
According to 1 Wall Street analysts, Fortrea's projected average Quarter EPS for Sep 23 is $0.16, with a low estimate of $0.16 and a high estimate of $0.16. This represents a -49.83% decrease compared to FTRE previous annual EPS of $0.32 (Jun 23).