Fortive’s Q1 performance exceeded expectations, potentially impacting stock price.
Stock AI’s forecasts:
🔴 -9.9% short-term
🟢 +1.2% long-term
Stock AI’s (FTV) Forecast get (+6.1% Profit)
StockAI’s analysis delivers real-world results. On 08 March 2024, $FTV ($85.3), StockAI predicted a long-term 🔴 sell signal. It was accurate: 1 month later price dropped to $80.1 (🔴-6.1%). Selling FTV on this signal yielded a +6.1% profit 💰💰.
FTV-Fortive Corporation News
🔴 Fortive will announce its earnings results before the market opens on Wednesday, April 24th. Analysts expect earnings of $0.80 per share for the quarter.
🔴 Fortive was downgraded by stock analysts at StockNews.com from a “buy” rating to a “hold” rating.
🟢 Fortive had its price objective lowered by Citigroup from $101.00 to $98.00 in a report released on Thursday.
🔴 Fortive shares gapped down prior to trading on Wednesday, opening at $74.65.
🔴 Fortive was downgraded by investment analysts at JPMorgan Chase & Co. from an “overweight” rating to a “neutral” rating.
🟢 Fortive Co. shares saw a consensus rating of “Hold” from analysts covering the firm.
Fortive Corporation stock has been experiencing a mix of negative and positive news recently, which has impacted its price expectations. The announcement of earnings results and downgrades by analysts have put downward pressure on the stock, leading to price decreases. However, the positive price objective adjustment by Citigroup and the overall hold rating from analysts have helped to stabilize the stock price, preventing further declines. Investors should carefully monitor these developments to assess the future price movement of Fortive Corporation stock.
FTV-Fortive Corporation Analyst Ratings
📉 StockNews.com downgraded Fortive Corporation (NYSE:FTV) from a “buy” rating to a “hold” rating.
📈 Citigroup raised its price target on Fortive Corporation (NYSE:FTV) from $90.00 to $101.00 and maintained a “buy” rating.
📉 JPMorgan Chase & Co. downgraded Fortive Corporation (NYSE:FTV) from an “overweight” rating to a “neutral” rating.
Sources:
1. ETF Daily News – StockNews.com Downgrades Fortive (NYSE:FTV) to Hold
2. ETF Daily News – Fortive (NYSE:FTV) Price Target Cut to $98.00
3. ETF Daily News – JPMorgan Chase & Co. Downgrades Fortive (NYSE:FTV) to Neutral
4. ETF Daily News – Fortive (NYSE:FTV) PT Raised to $101.00
5. ETF Daily News – Fortive Co. (NYSE:FTV) Shares Bought by Abrdn plc
Disclaimer
Investors may consider the AI predictions and news summaries as one factor in their investment decisions alongside their own research and risk tolerance.
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