CandyWarehouse Bankruptcy: CandyWarehouse.com has filed for Chapter 11 bankruptcy with $10 million in debt, struggling to compete against larger retailers like Amazon, Target, and Walmart, while cocoa prices are rising due to tariffs.
Roark Capital's Acquisition Plans: Roark Capital is preparing to auction Nothing Bundt Cakes, aiming for a $2 billion valuation, as the bakery chain has expanded to nearly 700 locations since Roark's acquisition four years ago.
Forge Global Sale Exploration: Forge Global, a platform for trading private company shares, is exploring a sale after its market cap dropped significantly from its initial $2 billion valuation following a SPAC merger in 2021.
Bankruptcy and Acquisitions Updates: Dr. Phil's media startup will proceed to Chapter 7 liquidation, while Publicis is acquiring Hepmil Media Group, and Thermo Fisher Scientific is purchasing Clario Holdings for $8.8 billion.
Wall Street analysts forecast FRGE stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for FRGE is 45.00 USD with a low forecast of 45.00 USD and a high forecast of 45.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
3 Analyst Rating
Wall Street analysts forecast FRGE stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for FRGE is 45.00 USD with a low forecast of 45.00 USD and a high forecast of 45.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Buy
3 Hold
0 Sell
Hold
Current: 44.640
Low
45.00
Averages
45.00
High
45.00
Current: 44.640
Low
45.00
Averages
45.00
High
45.00
Citizens
Citizens
Outperform -> Market Perform
downgrade
$45
2025-12-12
Reason
Citizens
Citizens
Price Target
$45
AI Analysis
2025-12-12
downgrade
Outperform -> Market Perform
Reason
Citizens downgraded Forge Global to Market Perform from Outperform without a price target citing the company's agreement to sell to Charles Schwab for $45 per share. The firm believes the acquisition, set to close in the first half of 2026, represents a "win-win."
UBS
Buy -> Neutral
downgrade
$34 -> $45
2025-11-11
Reason
UBS
Price Target
$34 -> $45
2025-11-11
downgrade
Buy -> Neutral
Reason
UBS downgraded Forge Global (FRGE) to Neutral from Buy with a price target of $45, up from $34, after the company entered into an agreement to be acquired by the Charles Schwab (SCHW) for $45 per common share. The firm believes Forge will trade on deal dynamics, rather than fundamentals.
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Piper Sandler
Patrick Moley
Overweight -> Neutral
downgrade
$30 -> $45
2025-11-06
Reason
Piper Sandler
Patrick Moley
Price Target
$30 -> $45
2025-11-06
downgrade
Overweight -> Neutral
Reason
Piper Sandler analyst Patrick Moley downgraded Forge Global (FRGE) to Neutral from Overweight with a price target of $45, up from $30, after Charles Schwab (SCHW) agreed to acquire Forge for $45 per share in cash.
Piper Sandler
Piper Sandler
Overweight -> Neutral
downgrade
$30 -> $45
2025-11-06
Reason
Piper Sandler
Piper Sandler
Price Target
$30 -> $45
2025-11-06
downgrade
Overweight -> Neutral
Reason
Piper Sandler downgraded Forge Global (FRGE) to Neutral from Overweight with a price target of $45, up from $30, after Charles Schwab (SCHW) agreed to acquire Forge for $45 per share in cash.
About FRGE
Forge Global Holdings, Inc. is a provider of marketplace infrastructure, data services and technology solutions for private market participants. The flagship product of its private market platform is the Forge marketplace, which is designed to connect buyers looking to invest in private companies and sellers of company shares and related products. Its private company solutions deliver solutions to private companies for their liquidity and capital formation needs. Its asset management solution enhances investment through a suite of single asset funds that invest in private companies. Its data solutions provide clients with key insights into a traditionally opaque market and drive additional participation in its marketplace and platform generally. It also provides custodial services for self-directed retirement accounts, specializing in the custody of alternative assets to its clients. The Company's core technology infrastructure supports its products and services across all interfaces.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
