FTV Price Prediction Next Week
Technical Analysis: Based on recent price action, FTV shows a mixed technical picture. The stock has formed a bearish pattern with declining price from $81.86 to $80.03 on February 21, 2025 . Key technical indicators suggest:
- RSI (14) at 50.11 indicates neutral momentum
- MACD shows weakening momentum with -0.06 histogram
- Stock trading between Bollinger Bands (20,3) with BBP at 0.39 suggesting moderate downside risk
News Analysis: Recent key developments:
- FTV will present at Barclays Industrial Select Conference on February 19, 2025
- Q4 2024 results showed adjusted EPS of $1.17 beating estimates of $1.12, though revenue of $1.62B missed forecasts
- Company faces headwinds in crucial markets like China coupled with sluggish government expenditure
Price Forecast for Next Week: Based on technical indicators and Fibonacci levels:
- Support levels: $78.53 (Fibonacci S1), $77.22 (Fibonacci S2)
- Resistance levels: $82.78 (Fibonacci R1), $84.09 (Fibonacci R2)
Trading Recommendation: SELL with target price of $78.50 based on:
- Bearish technical signals with declining momentum
- Price trading below key moving averages
- China headwinds continuing to pressure results
- Stock trading near upper Bollinger Band suggesting limited upside
Set stop loss at $82.78 (Fibonacci R1) to manage risk. The stock is likely to test support at $78.53 next week given the current technical setup and fundamental headwinds.
FTV Similar Chart Price Prediction
The price of FTV is predicted to go up -4.31%, based on the high correlation periods with CP. The similarity of these two price pattern on the periods is 95.69%.
FTV
CP
Down: -4.31%Similarity: 95.69%
FTV Revenue Forecast
FTV EPS Forecast
FTV FAQs
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FTV VS S&P500
Management has an impressive record of capital allocation and improving operating margins of acquired companies.
Fortive's digital strategy can help reinforce its moat by combining its large installed base of equipment with complementary software to offer a comprehensive package and enhance customer loyalty.
Growth in recurring revenue and SaaS-based offerings, as well as the recent divestment of the automation and specialty unit, has reduced the cyclicality of Fortive's portfolio.
FTV Analyst's Forecast
Deane Dray
RBC Capital
Hold
2025-02-10
Price Target
$77 → $85
Upside
+5.59%
RBC Capital analyst Deane Dray raised the firm's price target on Fortive to $85 from $77 and keeps a Sector Perform rating on the shares. The company reported a operating miss vs. the firm's on weaker Precision Technologies segment revenue and margins, with 2025 guidance capturing RBC's estimates at the high-end, though the key positives in the quarter were continued orders momentum at Precision Technologies, rising double digits for the second consecutive quarter, and solid 114% free cash flow conversion that was in-line with its Q4 average, the analyst tells investors in a research note. RBC adds however that China weakness is expected to persist through 2025.
Stephen Tusa
JP Morgan
Buy
2025-01-15
Price Target
$92 → $90
Upside
+15.56%
Julian Mitchell
Barclays
Buy
2025-01-08
Price Target
$95 → $90
Upside
+17.26%
