The Forge Global Holdings, Inc. (FRGE) share price is expected to increase by 246.23% over the next year. This is based on calculating the average 12-month share price estimate provided by 0 stock analysts who have covered FRGE. Price targets range from $2 at the low end to $7 at the high end. The current analyst consensus for FRGE is a sell. Please note analyst price targets are not guaranteed and could be missed completely.
Forge Global Holdings, Inc. has a total of 0 Wall St Analyst ratings. There are 0 buy ratings, 0 ratings, and 0 sell ratings. Since most analysts have a sell consensus rating, the expectation is that Forge Global Holdings, Inc. will perform worse than the market. Investors shouldn't rely purely on analyst ratings; we encourage investors to also take a look at the fundamental and technical analysis in their due diligence.
These are the latest 20 analyst ratings of FRGE.
Analyst/Firm |
Rating |
Price Target |
Change |
Date |
---|---|---|---|---|
Alex Kramm UBS | Buy | $3 | Upgrade | Sep 3, 2024 |
Devin Ryan JMP Securities | Market Outperform | $7 | Reiterates | Apr 9, 2024 |
Devin Ryan JMP Securities | Market Outperform | $7 | Reiterates | Mar 28, 2024 |
Owen Lau Oppenheimer | Outperform | $3.5 | Maintains | Mar 27, 2024 |
Owen Lau Oppenheimer | Outperform | $3.5 | Maintains | Aug 9, 2023 |
Devin Ryan JMP Securities | Market Outperform | $7 | Reiterates | Jul 10, 2023 |
Devin Ryan JMP Securities | Market Outperform | $7 | Reiterates | May 10, 2023 |
Devin Ryan JMP Securities | Market Outperform | $7 | Maintains | Apr 10, 2023 |
Devin Ryan JMP Securities | Market Outperform | $8 | Reiterates | Mar 13, 2023 |
Owen Lau Oppenheimer | Outperform | $2.4 | Maintains | Mar 1, 2023 |
Devin Ryan JMP Securities | Market Outperform | $8 | Maintains | Jan 10, 2023 |
Alex Kramm UBS | Neutral | $1.75 | Initiates | Nov 30, 2022 |
Richard Repetto Piper Sandler | Neutral | $1.75 | Initiates | Nov 22, 2022 |
Devin Ryan JMP Securities | Market Outperform | $10 | Initiates | Aug 26, 2022 |
Robert Napoli William Blair | Market Perform | Maintains | Aug 26, 2022 |
When did it IPO
2022
Staff Count
345
Country
United States
Sector/Industry
Technology/SoftwareโApplication
CEO
Mr. Kelly A. Rodriques
Market Cap
$186.0M
In 2023, FRGE generated $69.4M in revenue, which was a increase of 0.71% from the previous year. This can be seen as a signal that FRGE's business is growing, and its share price could be worth more in the future. However, if the company grows faster (or slower) than expected, this could also have a major impact on the future share price.
Revenue From 2020
Revenue From 2021
Revenue From 2022
Revenue From 2023
Summary - Forge Global Holdings, Inc. (NYSE:FRGE) will hold its Q3 2024 earnings conference call on November 6, 2024, at 4:30 PM ET, with key company executives participating.
Why It Matters - The earnings call provides insights into Forge Global's financial performance and strategic direction, influencing investor sentiment and potential stock price movements.
Summary - Forge Global Holdings, Inc. (NYSE: FRGE) reported Q3 2024 financial results, emphasizing technology and product innovations to enhance the private market experience.
Why It Matters - Forge's Q3 results highlight ongoing investment in technology and product innovation, which could enhance market position and growth potential, impacting future profitability and stock performance.
Summary - Forge Global Holdings, Inc. (FRGE) reported a quarterly loss of $0.10 per share, worse than the expected loss of $0.09, but an improvement from a loss of $0.11 per share a year prior.
Why It Matters - The larger-than-expected quarterly loss for Forge Global Holdings indicates potential operational challenges, which could affect investor confidence and stock performance.
Summary - Forge Global Holdings, Inc. (NYSE: FRGE) will report Q3 FY 2024 financial results on November 6, 2024, followed by a conference call at 4:30 PM ET.
Why It Matters - Forge's upcoming earnings report and conference call on November 6th will provide insights into its financial health and market performance, influencing investor sentiment and stock price.
Summary - Forge Global Holdings (NYSE: FRGE) launched Forge Priceโข, a new pricing model for pre-IPO companies, enhancing access to private market valuations for investors.
Why It Matters - Forge's new pricing model enhances transparency in private market valuations, potentially attracting more investors and increasing market activity, which could boost the company's stock performance.
Summary - Forge Global Holdings identified the "Private Magnificent 7," a group of seven top-performing late-stage venture-backed companies in the U.S. innovation economy, highlighting their growth and resilience.
Why It Matters - The identification of the "Private Magnificent 7" highlights key high-growth investment opportunities in the private market, signaling potential for strong returns amidst market volatility.