Fintel reports that on March 9, 2026, TD Cowen upgraded their outlook for Fortrea Holdings (NasdaqGS:FTRE) from Hold to Buy.
Analyst Price Forecast Suggests 74.50% Upside
As of February 24, 2026, the average one-year price target for Fortrea Holdings is $17.14/share. The forecasts range from a low of $8.08 to a high of $26.25. The average price target represents an increase of 74.50% from its latest reported closing price of $9.82 / share.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Fortrea Holdings is 3,411MM, an increase of 25.25%. The projected annual non-GAAP EPS is 2.49.
What is the Fund Sentiment?
There are 413 funds or institutions reporting positions in Fortrea Holdings. This is an decrease of 176 owner(s) or 29.88% in the last quarter. Average portfolio weight of all funds dedicated to FTRE is 0.06%, an increase of 50.06%. Total shares owned by institutions decreased in the last three months by 13.92% to 95,925K shares. 
The put/call ratio of FTRE is 0.21, indicating a bullish outlook.
What are Other Shareholders Doing?
Goldman Sachs Group holds 8,273K shares representing 8.85% ownership of the company. In its prior filing, the firm reported owning 7,979K shares , representing an increase of 3.55%. The firm increased its portfolio allocation in FTRE by 22.87% over the last quarter.
Corvex Management holds 4,509K shares representing 4.82% ownership of the company. No change in the last quarter.
Sessa Capital IM holds 3,994K shares representing 4.27% ownership of the company. No change in the last quarter.
Charles Schwab Investment Management holds 3,219K shares representing 3.44% ownership of the company. In its prior filing, the firm reported owning 2,653K shares , representing an increase of 17.58%.
Aqr Capital Management holds 2,988K shares representing 3.20% ownership of the company. In its prior filing, the firm reported owning 3,735K shares , representing a decrease of 25.01%. The firm increased its portfolio allocation in FTRE by 15.67% over the last quarter.
Fintel is one of the most comprehensive investing research platforms available to individual investors, traders, financial advisors, and small hedge funds.
Our data covers the world, and includes fundamentals, analyst reports, ownership data and fund sentiment, options sentiment, insider trading, options flow, unusual options trades, and much more. Additionally, our exclusive stock picks are powered by advanced, backtested quantitative models for improved profits.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
