Fortive Corporation (FTV) is projected to post quarterly earnings on Wednesday, although these earnings are expected to decline. The company has finalized its Ralliant spin-off, and despite some temporary market negativity, analysts are assessing this as a potential masterstroke. Notably, the company foresees growth and resilience after the spin-off, with its new growth strategy envisioning 50% recurring revenue and an AI-powered future.
The stock position in Fortive has been boosted by multiple entities, despite some selling by others. Fortive Corporation's (FTV) shares have also been touted as a good buy by renowned expert Jim Cramer. However, post Ralliant spin-off, the stock is in a show-me phase and has traded lower due to a disappointing Q2 earnings outlook.
Post separation, Fortive is realigning its strategies and focusing on shareholder returns by launching a $550M buyback program. This, along with its undervalued role in AI infrastructure, shows the company's potential to soar post-spinoff. The company's intrinsic value being potentially 27% above its share price has also been highlighted.
Fortive Corporation FTV News Analytics from Wed, 05 Feb 2025 08:00:00 GMT to Sat, 26 Jul 2025 19:51:18 GMT - Rating 0 - Innovation 5 - Information 7 - Rumor 2
