Fortive Corporation is currently experiencing a transformative period, focused on achieving a
50% recurring revenue and an
AI-Powered future. The firm has outlined plans for value creation, which includes the development of new strategies and financial frameworks. The inherent value of the company is predicted to be
potentially 27% above its current share price. However, certain investors have begun to trim their holdings in
Fortive. An important development is the unveiling of
Ralliant's bold growth plan, aiming to hit a $1B free cash flow target by 2028, following its separation from Fortive. Some financial institutions, like TD Cowen, reduced
Fortive's price target, while others like RBC Capital increased it.
Fortive's new stock buyback program worth
$550M signals commitment towards shareholder returns. Meanwhile, the company missed Q1 revenue targets leading to stock drops, but it still meets earnings estimates.
Fortive Corporation FTV News Analytics from Wed, 04 Sep 2024 07:00:00 GMT to Sat, 14 Jun 2025 17:54:00 GMT -
Rating 5
- Innovation 6
- Information 7
- Rumor -7
