Fortive's Stock Performance: Ups and Downs

Fortive Corporation, a multibillion-dollar tech firm, has seen its stock fluctuate recently. Despite a 12.8% gain over three months, its underperformed the tech sector. The stock has dropped 27.8% YTD and 31.4% over the past year. However, a positive note is the 2.4% surge after better-than-expected Q3 results, with sales exceeding $1 billion and adjusted EPS jumping 15.3%. Despite this, analysts advise holding the stock, with a modest 4.4% potential upside.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.