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Fortrea Holdings Inc has a consensus price target of $23.3 based on the ratings of 11 analysts. The high is $27 issued by Mizuho on May 28, 2024. The low is $20 issued by Evercore ISI Group on October 8, 2024. The 3 most-recent analyst ratings were released by Citigroup, Baird, and Baird on December 11, 2024, December 6, 2024, and November 25, 2024, respectively. With an average price target of $25.33 between Citigroup, Baird, and Baird, there's an implied 31.53% upside for Fortrea Holdings Inc from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Fortrea Holdings (NASDAQ:FTRE) was reported by Citigroup on December 11, 2024. The analyst firm set a price target for $23.00 expecting FTRE to rise to within 12 months (a possible 19.42% upside). 36 analyst firms have reported ratings in the last year.
The latest analyst rating for Fortrea Holdings (NASDAQ:FTRE) was provided by Citigroup, and Fortrea Holdings downgraded their neutral rating.
The last upgrade for Fortrea Holdings Inc happened on May 14, 2024 when Baird raised their price target to $36. Baird previously had a neutral for Fortrea Holdings Inc.
The last downgrade for Fortrea Holdings Inc happened on December 11, 2024 when Citigroup changed their price target from $30 to $23 for Fortrea Holdings Inc.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Fortrea Holdings, 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 Fortrea Holdings was filed on December 11, 2024 so you should expect the next rating to be made available sometime around December 11, 2025.
While ratings are subjective and will change, the latest Fortrea Holdings (FTRE) rating was a downgraded with a price target of $30.00 to $23.00. The current price Fortrea Holdings (FTRE) is trading at is $19.26, which is out of the analyst’s predicted range.
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