ForgeRock Inc (FORG) Forecast, Price Target & Analyst Ratings

NYSE:FORGUS34631B1017

Current stock price

23.21 USD
+1.33 (+6.08%)
At close:
23.21 USD
0 (0%)
Pre-Market:

Analyst forecast overview

View the latest analyst price targets, stock forecast, EPS estimates, revenue projections, revisions, full estimates, rating distribution and upgrades/downgrades for ForgeRock Inc (FORG).

Forecast Snapshot

Consensus Price Target

Price Target
$22.77
-1.91% Downside

Next Earnings Forecast

Earnings Estimate
Release Date
Nov 10, 2023
Period
Q3 / 2023
EPS Estimate
-$0.06
Revenue Estimate
68.34M

ChartMill Buy Consensus

Rating
52.31%
Weighted Analyst Rating Score

Price Target Details & History

Consensus Price Target and Range

Mean target
$22.77
Upside
-1.91%
From current price of $23.21 to mean target of $22.77, Based on 13 analyst forecasts
Low
$17.17
Median
$23.72
High
$24.41

Price Target Revisions

1 Month
0.00%
3 Months
0.00%

Price Target Summary

13 Wall Street analysts provided a forecast for the next 12 months for FORG. The average price target is 22.77 USD. This implies a price decrease of -1.91% is expected in the next year compared to the current price of 23.21.

Analyst Ratings & History

Current Analyst Ratings

FORG Current Analyst RatingFORG Current Analyst Buy, Sell and Hold Ratings.Current Analyst Rating Strong Buy Buy Hold Sell Strong Sell 2 4 6 8

Analyst Ratings History

FORG Historical Analyst RatingsFORG Historical Analyst Buy, Sell and Hold Ratings and number of analysts.Historical Monthly Analyst Rating -19 -17 -15 -13 -11 -9 -7 -5 -3 -1 5 10 15

Analyst Ratings Consensus

ChartMill Buy Consensus
52.31%
FORG was analyzed by 13 analysts. The buy percentage consensus is at 52. So analysts seem to be rather neutral about FORG.
In the previous month the buy percentage consensus was at a similar level.
FORG was analyzed by 13 analysts, which should be a sufficient number of analysts to have a meaningful average consensus rating.

Recent Upgrades & Downgrades

DateFirmActionFrom → To
2022-10-18Cowen & Co.Downgrade Outperform -> Market Perform
2022-10-13Truist SecuritiesDowngrade Buy -> Hold
2022-10-12MizuhoDowngrade Buy -> Neutral
2022-10-12BTIGDowngrade Buy -> Neutral
2022-10-12Canaccord GenuityDowngrade Buy -> Hold
2022-09-30Canaccord GenuityInitiate Buy
2022-08-12Deutsche BankMaintains Hold
2022-08-12Cowen & Co.Maintains Outperform
2022-08-12Morgan StanleyMaintains Equal-Weight
2022-06-22JP MorganMaintains Overweight
2022-05-12MizuhoMaintains Buy
2022-05-12Deutsche BankMaintains Hold
2022-05-12Morgan StanleyMaintains Equal-Weight
2022-03-02Deutsche BankMaintains Hold
2022-03-02JP MorganMaintains Overweight
2022-03-02Morgan StanleyMaintains Equal-Weight
2022-02-28Deutsche BankMaintains Hold
2022-01-18Morgan StanleyMaintains Equal-Weight
2021-10-11MizuhoInitiate Buy
2021-10-11BTIGInitiate Buy
2021-10-11Cowen & Co.Initiate Outperform
2021-10-11Truist SecuritiesInitiate Buy
2021-10-11JP MorganInitiate Overweight
2021-10-11Morgan StanleyInitiate Equal-Weight
2021-10-11Piper SandlerInitiate Overweight

Next Earnings Forecast Details

Next Earnings Details

Release Date
Nov 10, 2023
Period
Q3 / 2023
EPS Estimate
-$0.06
Revenue Estimate
68.34M
Revenue Q2Q
17.38%
EPS Q2Q
-512.00%
Number of Analysts
3

Next Earnings Revisions

Revenue (1 Month)
-0.41%
Revenue (3 Months)
-0.41%
EPS (1 Month)
-71.43%
EPS (3 Months)
-71.43%

Next Earnings Summary

FORG is expected to report earnings on 11/10/2023. The consensus EPS estimate for the next earnings is -0.06 USD and the consensus revenue estimate is 68.34M USD.
The next earnings revenue estimate has been revised downward by 0.41% in the past 3 months.

Full Analyst Estimates 2023 - 2027

Yearly Earnings Per Share (EPS), Revenue, EBIT, EBITDA and Operating Margin Analyst Estimates

2020 2021 2022 2023 2024 2025 2026 2027
Revenue
YoY % growth
FORG revenue by date.FORG revenue by date.
127.634M
22.14%
176.933M
38.63%
217.512M
22.93%
268.78M
23.57%
325.99M
21.29%
405.81M
24.49%
541.09M
33.34%
648.48M
19.85%
EBITDA
YoY % growth
FORG ebitda by date.FORG ebitda by date.
-30.937M
13.71%
-27.38M
11.50%
-59.319M
-116.65%
-14.96M
74.78%
8.245M
155.11%
30.294M
267.42%
77.219M
154.90%
103.86M
34.50%
EBIT
YoY % growth
FORG ebit by date.FORG ebit by date.
-32.092M
13.32%
-28.441M
11.38%
-60.383M
-112.31%
-17.009M
71.83%
4.852M
128.53%
28.713M
491.78%
75.227M
162.00%
101.47M
34.89%
Operating Margin
FORG operating margin by date.FORG operating margin by date.
-25.14%-16.07%-27.76%-6.33%1.49%7.08%13.90%15.65%
EPS
YoY % growth
FORG eps by date.FORG eps by date.
N/AN/A-0.32
66.45%
-0.20
37.14%
0.04
118.83%
0.29
667.37%
N/AN/A

All data in USD

Quarterly Earnings Per Share (EPS), Revenue, EBIT and EBITDA Analyst Estimates

Q3 / 23 Q4 / 23 Q1 / 24 Q2 / 24 Q3 / 24 Q4 / 24
EPS
Q2Q % growth
-0.06
-512.00%
-0.01
49.00%
-0.03
64.87%
-0.03
77.10%
0.04
164.72%
0.06
733.30%
Revenue
Q2Q % growth
68.34M
17.38%
72.42M
14.01%
75.799M
20.04%
76.542M
31.33%
83.54M
22.24%
90.107M
24.42%
EBITDA
Q2Q % growth
-4.08M
57.54%
1.02M
109.29%
-2.55M
85.77%
-2.652M
89.69%
4.726M
215.83%
8.16M
700.00%
EBIT
Q2Q % growth
-5.1M
51.07%

100.00%
-3.876M
78.68%
-4.361M
83.37%
4.106M
180.51%
7.089M

All data in USD

Yearly Earnings Per Share (EPS) and Revenue Trends vs Historical Data

FORG Yearly Revenue VS EstimatesFORG Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2019 2020 2021 2022 2023 2024 2025 2026 2027 200M 400M 600M
FORG Yearly EPS VS EstimatesFORG Yearly EPS VS EstimatesYearly EPS VS Estimates 2021 2022 2023 2024 2025 0 0.2 -0.2 -0.4 -0.6 -0.8

Long Term Forward Growth Forecast Summary

Long Term EPS Growth (CAGR)

EPS Next 3 Year
42.74%
EPS Next 5 Year
N/A

Long Term Revenue Growth (CAGR)

Revenue Next 3 Year
22.82%
Revenue Next 5 Year
24.24%

Long Term EBIT Growth (CAGR)

EBIT Next 3 Year
44.49%
EBIT Next 5 Year
40.55%

ForgeRock Inc / FORG Forecast FAQ

What do analysts expect the price target to be for ForgeRock Inc (FORG)?

13 analysts have analysed FORG and the average price target is 22.77 USD. This implies a price decrease of -1.91% is expected in the next year compared to the current price of 23.21.

Can you provide the upcoming earnings date for ForgeRock Inc?

ForgeRock Inc (FORG) will report earnings on 2023-11-10, after the market close.

Can you provide the consensus estimates for ForgeRock Inc next earnings?

The consensus EPS estimate for the next earnings of ForgeRock Inc (FORG) is -0.06 USD and the consensus revenue estimate is 68.34M USD.

Can you provide the expected long term growth rate for ForgeRock Inc stock?

The expected long term growth rate for ForgeRock Inc (FORG) is 22.82%.