Baird analyst Eric Coldwell maintains $Fortrea Holdings (FTRE.US)$ with a buy rating, and adjusts the target price from $28 to $30.
According to TipRanks data, the analyst has a success rate of 54.7% and a total average return of 4.7% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Fortrea Holdings (FTRE.US)$'s main analysts recently are as follows:
Following the Q3 report, it's observed that the company experienced a surge in bookings, attributed to widespread vigor in biotech and large pharma sectors. This performance is indicative of the company's resilience to the broader biotech funding challenges and restructuring within large pharmaceutical firms.
Expectations for Fortrea's earnings per share growth are notably high, particularly in the second half of 2025. It is anticipated that the company will successfully navigate through both TSA and spin transitions early in the year, which should lead to a resumption in revenue growth, improved cost leverage, and benefits from a more favorable interest expense.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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