RBC cuts target for Fortive Corp stock to USD 59.00
Published on 10/20/2026 at 19:52 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSTarget cut and earnings date
- Royal Bank of Canada cut its Fortive target from USD 63.00 to USD 59.00 on October 14, 2026.
- Fortive will hold its third-quarter 2026 earnings call on October 28, 2026.
- Fortive Corp stock costs EUR 51.77 at Lang & Schwarz on October 20, 2026 at 7:46 p.m. CEST, alongside USD 58.12 on the NYSE.
Fortive Corp. (ISIN US34959J1088) faces a lower analyst valuation ahead of its October 28 earnings call. Royal Bank of Canada cut its price target from USD 63.00 to USD 59.00 on October 14, 2026, while keeping a Sector Perform rating, according to MarketBeat. Fortive stock was trading at EUR 51.77 at Lang & Schwarz on October 20, 2026 at 7:46 p.m. CEST.
RBC trims its target
The lower target places RBC's view below the recent analyst consensus. MarketBeat reported a consensus Hold rating with two Buy ratings, nine Holds and two Sells, alongside an average target of USD 61.27 on October 14, 2026. The RBC target is USD 2.27, or 3.71 percent, below that consensus.
Second-quarter figures set the baseline
Fortive's second-quarter 2026 revenue reached USD 1.10 billion, up 8.00 percent from the same quarter a year earlier. Adjusted earnings per share came to USD 0.74, exceeding the USD 0.71 consensus by USD 0.03, while the company set fiscal 2026 earnings-per-share guidance at USD 2.95 to USD 3.05, according to MarketBeat.
October 28 is the next date
Fortive scheduled its third-quarter 2026 earnings conference call for October 28, 2026, at 12:00 p.m. ET. The company announced the date in a September 30, 2026 release carried by Fortive. That event gives investors the next scheduled point for testing the USD 2.95 to USD 3.05 fiscal 2026 guidance range.
Price and valuation frame
Fortive's NYSE quote was USD 58.12 at 1:51 p.m. ET on October 20, 2026. Its market capitalization was USD 17.6 billion, with a price-to-earnings ratio of 34.22. A dated market profile placed the one-year range at USD 48.10 to USD 64.56 on October 14, 2026, leaving the stock USD 6.44 below that high.
Investor takeaway
The immediate tension is numerical rather than dramatic: second-quarter revenue grew 8.00 percent, but RBC's target is below the USD 61.27 consensus. The October 28 call will put the guidance range and the next earnings period in front of investors.
Lang & Schwarz price
Fortive stock was trading at EUR 51.77 at Lang & Schwarz on October 20, 2026 at 7:46 p.m. CEST. The NYSE quote was USD 58.12 at 1:51 p.m. ET on the same date.
The further course of trading is shown by the continuously updated real-time quote of Fortive Corp stock.
Fortive Corp. stock facts
- Company: Fortive Corporation
- ISIN: US34959J1088
- Ticker: FTV
- Primary exchange: NYSE
- Price Lang & Schwarz (as of October 20, 2026, 7:46 p.m. CEST): EUR 51.77
- Market capitalization: USD 17.6 billion (as of October 20, 2026)
- 52-week range: USD 48.10-64.56 (as of October 14, 2026)
- Sector / Industry: Industrials / Industrial technology
- Next earnings date: October 28, 2026
Market context: Market report S&P 500.
