Forge Global Holdings, Inc.

Forge Global Holdings, Inc. Stock Forecast & Price Prediction

Live Forge Global Holdings, Inc. Stock (FRGE) Price
$1.06

0

Ratings

  • Buy 0
  • Hold 0
  • Sell 0
Disclaimer : Analyst ratings and price forecasts are sourced from Wall St analysts and other experts. These projections are speculative and do not guarantee future stock performance. This information is for educational purposes only and should not be construed as advice to buy or sell any security.

Stock Price

$1.06

P/E Ratio

36.33

Volume Traded Today

$1.1M

Dividend

Dividends not available for FRGE

52 Week High/low

4.02/1.00

Forge Global Holdings, Inc. Market Cap

$186.0M

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FRGE Summary

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.

FRGE Analyst Ratings

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.

FRGE stock forecast by analyst

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

FRGE Company Information

What They Do: Provides a platform for trading private company stocks.

Business Model: The company generates revenue by offering trading solutions that connect investors with private company stockholders for share transactions, as well as custody solutions that manage assets securely. Additionally, it provides data solutions to assist market participants in making informed investment decisions.

Other Information: Founded in 2014 and headquartered in San Francisco, Forge Global Holdings, Inc. operates in the financial services sector, focusing on the private market, which presents unique investment opportunities and challenges.
FRGE
Forge Global Holdings, Inc. (FRGE)

When did it IPO

2022

Staff Count

345

Country

United States

Sector/Industry

Technology/Softwareโ€”Application

CEO

Mr. Kelly A. Rodriques

Market Cap

$186.0M

Forge Global Holdings, Inc. (FRGE) Financial Data

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

$47.8M

Revenue From 2021

$125.0M

161.79 %
From Previous Year

Revenue From 2022

$68.9M

-44.89 %
From Previous Year

Revenue From 2023

$69.4M

0.71 %
From Previous Year
  • Revenue TTM $79.8M
  • Operating Margin TTM -108.8%
  • Gross profit TTM $0
  • Return on assets TTM -18.4%
  • Return on equity TTM -29.8%
  • Profit Margin -95.8%
  • Book Value Per Share 1.27%
  • Market capitalisation $186.0M
  • Revenue for 2021 $125.0M
  • Revenue for 2022 $68.9M
  • Revenue for 2023 $69.4M
  • EPS this year (TTM) $-0.43

Forge Global Holdings, Inc. (FRGE) Latest News

News Image

Thu, 07 Nov 2024

Sentiment - NEUTRAL

Source - Seeking Alpha

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.

News Image

Wed, 06 Nov 2024

Sentiment - NEUTRAL

Source - Business Wire

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.

News Image

Wed, 06 Nov 2024

Sentiment - NEGATIVE

Source - Zacks Investment Research

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.

News Image

Wed, 30 Oct 2024

Sentiment - NEUTRAL

Source - Business Wire

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.

News Image

Thu, 26 Sep 2024

Sentiment - NEUTRAL

Source - Business Wire

Summary - Forge Global Holdings (NYSE: FRGE) launched Forge Priceโ„ข, 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.

News Image

Wed, 11 Sep 2024

Sentiment - NEUTRAL

Source - Business Wire

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.

...

FRGE Frequently asked questions

The highest forecasted price for FRGE is $7 from Devin Ryan at JMP Securities.

The lowest forecasted price for FRGE is $2 from from

The FRGE analyst ratings consensus are 0 buy ratings, 0 hold ratings, and 0 sell ratings.