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.

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

A closeup shot of a laboratory technician handling a medical device used for fertility treatments.

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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Disclosure: None.