Fortrea Holdings Inc (Symbol: FTRE) shares have surpassed the average analyst 12-month target price of $36.80, currently trading at $36.99 per share. This significant movement prompts analysts to consider either downgrading their price targets due to valuation or increasing them based on positive developments within the company.
Five analysts contributed to the average target price, with estimates ranging from a low of $29.00 to a high of $44.00, reflecting a standard deviation of $5.63. Currently, there are four strong buy ratings, one hold, and one sell rating among the recent analyst assessments.
The average analyst rating is 1.83 on a scale where 1 represents a strong buy and 5 signifies a strong sell, highlighting a generally positive outlook despite the mixed target projections.
