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Fortune Brands Innovations Inc has a consensus price target of $83.86 based on the ratings of 16 analysts. The high is $111 issued by Jefferies on October 9, 2024. The low is $48 issued by Credit Suisse on March 9, 2023. The 3 most-recent analyst ratings were released by Baird, UBS, and Truist Securities on November 7, 2024, respectively. With an average price target of $93 between Baird, UBS, and Truist Securities, there's an implied 24.08% upside for Fortune Brands Innovations Inc from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Fortune Brands (NYSE:FBIN) was reported by Baird on November 7, 2024. The analyst firm set a price target for $90.00 expecting FBIN to rise to within 12 months (a possible 20.08% upside). 27 analyst firms have reported ratings in the last year.
The latest analyst rating for Fortune Brands (NYSE:FBIN) was provided by Baird, and Fortune Brands maintained their neutral rating.
The last upgrade for Fortune Brands Innovations Inc happened on April 28, 2023 when Jefferies raised their price target to $84. Jefferies previously had a hold for Fortune Brands Innovations Inc.
The last downgrade for Fortune Brands Innovations Inc happened on January 31, 2024 when BMO Capital changed their price target from $76 to $82 for Fortune Brands Innovations Inc.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Fortune Brands, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Fortune Brands was filed on November 7, 2024 so you should expect the next rating to be made available sometime around November 7, 2025.
While ratings are subjective and will change, the latest Fortune Brands (FBIN) rating was a maintained with a price target of $94.00 to $90.00. The current price Fortune Brands (FBIN) is trading at is $74.95, which is out of the analyst’s predicted range.
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