FRGE

Forge Global Holdings Inc

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Advanced Chart

14.350

+0.150(+1.060%)

Overview
Forecast
Valuation

Line

Candle

YTD

High

14.6738

Open

13.890

VWAP

14.28

Vol

137.83K

Mkt Cap

176.91M

Low

13.590

Amount

1.97M

EV/EBITDA(TTM)

Total Shares

181.04M

94.56M

EV/OCF(TTM)

P/S(TTM)

23.26

Forge Global Holdings, Inc. is a provider of marketplace infrastructure, data services and technology solutions for private market participants. The Company offers trading platforms, proprietary data and insights to inform investment strategies, along with custody services to help companies, shareholders, institutions and accredited investors navigate and transact in the private market. Its solutions include trading solutions, custody solutions, and data solutions. Its trading solutions include Forge Markets, a platform that connects investors with private company shareholders and enables them to facilitate private share transactions. Its custody solutions include Forge Trust, a non-depository trust that enables clients to securely have custody and manage assets through an online portal. Its data solutions include Forge Data, which provides market participants with the information and insight to navigate, analyze and make investment decisions in the private market.

Market Estimates

Earnings Estimates

Revenue

YoY Chg

EPS

YoYChg

FY2025Q4

FY2025Q3

FY2025Q2

25.25M

+35.86%

22.31M

+16.1%

21.94M

-1.55%

Estimates Revision

The market is revising Downward the revenue expectations for Forge Global Holdings, Inc. (FRGE) for FY2025, with the revenue forecasts being adjusted by -15.89% over the past three months. During the same period, the stock price has changed by -2.86%.

Revenue Estimates for FY2025

Revise Downward

-15.89%

In Past 3 Month

Stock Price

Go Down

-2.86%

In Past 3 Month

5 Analyst Rating

-82.58% Downside

Wall Street analysts forecast FRGE stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for FRGE is 2.50 USD with a low forecast of 2.00 USD and a high forecast of 4.00 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 Buy

2 Hold

0 Sell

Moderate Buy

-82.58% Downside

Current: 14.350

Low

2.00

Averages

2.50

High

4.00

-82.58% Downside

Current: 14.350

Low

2.00

Averages

2.50

High

4.00

JP Morgan

Michael Cho

Sell

Hold

Initiates

$18

2025-05-14

New

Reason

JP Morgan

Michael Cho

Price Target

$18

2025-05-14

New

Initiates

Sell

Hold

Reason

JMP Securities

Devin Ryan

Buy

Reiterates

2025-04-11

Reason

JMP Securities

Devin Ryan

Price Target

2025-04-11

Reiterates

Buy

Reason

Citizens JMP lowered the firm's price target on Forge Global to $4 from $5 and keeps an Outperform rating on the shares. The recovery in Financial Services business momentum, like in Investment Banking, which started in 2024 and had been accelerating, is now in jeopardy, the analyst tells investors in a research note. Earnings season matters a lot less than the macro right now, the firm says.

JMP Securities

Devin Ryan

Buy

Maintains

$5 → $4

2025-04-08

Reason

JMP Securities

Devin Ryan

Price Target

$5 → $4

2025-04-08

Maintains

Buy

Reason

JP Morgan

Kenneth Worthington

Hold

Sell

Downgrades

n/a

2025-01-07

Reason

JP Morgan

Kenneth Worthington

Price Target

n/a

2025-01-07

Downgrades

Hold

Sell

Reason

JPMorgan analyst Kenneth Worthington downgraded Forge Global to Underweight from Neutral without a price target. The firm made several changes in the brokers, asset managers, and exchanges space, saying alternative asset managers "continue to see compelling secular tailwinds," with retail and wealth as the "most compelling." JPMorgan sees exchanges as "less compelling in positive markets," which results in slower growth than in more asset sensitive financials such as asset managers and some brokers. The firm sees the potential for Trump policies to favor energy exchange businesses, but sees less compelling growth in other asset classes. Brokers is JPMorgan's favorite sector to begin 2025. More resilient short-term rates will support margin lending and other higher-margin businesses and a retail customer base that is making money likely extends a more active trading period for retail investors, the analyst contends.

UBS

Alex Kramm

Hold

Strong Buy

Upgrades

2024-09-03

Reason

UBS

Alex Kramm

Price Target

2024-09-03

Upgrades

Hold

Strong Buy

Reason

See All Ratings

Valuation Metrics

The current forward P/E ratio for Forge Global Holdings Inc (FRGE.N) is -3.63, compared to its 5-year average forward P/E of -5.61. For a more detailed relative valuation and DCF analysis to assess Forge Global Holdings Inc 's fair value, click here.

Forward PE

The forward P/E ratio is a valuation metric that divides a company's current stock price by its estimated future earnings per share over the next 12 months.

N/A

5Y Average PE

-5.61

Current PE

-3.63

Overvalued PE

0.84

Undervalued PE

-12.06

Forward EV/EBITDA

The forward EV/EBITDA ratio is a valuation metric that divides a company's enterprise value (EV) by its estimated future earnings before interest, taxes, depreciation, and amortization (EBITDA) over the next 12 months.

N/A

5Y Average EV/EBITDA

-9.42

Current EV/EBITDA

-3.66

Overvalued EV/EBITDA

7.93

Undervalued EV/EBITDA

-26.77

Forward PS

The forward P/S ratio is a valuation metric that divides a company's current stock price by its estimated future sales (or revenue) per share over the next 12 months.

N/A

5Y Average PS

5.97

Current PS

1.78

Overvalued PS

17.23

Undervalued PS

-5.29