Jefferies Raises PT on Fortrea Holdings Inc. (FTRE); Truist Financial Maintains 'Hold' Rating

Fortrea Holdings Inc. (NASDAQ:FTRE) is included in our list of the 11 Best Single Digit Stocks to Buy According to Hedge Funds.

On August 8, 2025, Jefferies raised its price target on Fortrea Holdings Inc. (NASDAQ:FTRE) from $5.00 to $7.00, maintaining a ‘Hold’ rating. The price revision follows the company’s strong Q2 results, where revenue, EBITDA margin, and EPS all surpassed expectations.

However, bookings remained below expectations by over $100 million, driven by biotech client losses during the company’s leadership transition. The investment firm also pointed out higher pass-throughs during the quarter, which resulted in revenue gains, and expects moderate results in the second half.

This was followed by Truist Financial’s ‘Hold’ rating on Fortrea Holdings Inc. (NASDAQ:FTRE) on August 13.

Fortrea Holdings Inc. (NASDAQ:FTRE) serves pharmaceutical, biotechnology, and medical device sectors, providing them with its global clinical research services. It is included in our list of the Best Single Digit Stocks.

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