Fortrea Holdings Soars 13.88% on Earnings Report

Fortrea Holdings' stock surged 13.88% in pre-market trading on April 8, 2025, marking a significant rise in its share price.

Citi analyst Patrick B. Donnelly maintained a Hold rating on Fortrea Holdings Inc. on April 4, setting a price target of $7.00. This rating aligns with the general consensus on The Street, which also suggests a Hold rating for the company, with an average price target of $12.00.

Fortrea Holdings Inc. reported a quarterly revenue of $697 million and a GAAP net loss of $61.2 million for the quarter ending December 31. This is a decline from the previous year's revenue of $775.4 million and a GAAP net loss of $36 million. The company's financial performance has been a key factor influencing its stock price.

Evercore ISI also reiterated their Hold rating for Fortrea Holdings Inc. These ratings reflect the analysts' cautious outlook on the company's near-term prospects, despite the recent surge in its stock price.