FORGE GLOBAL HOLDINGS INC (FRGE) Forecast, Price Target & Analyst Ratings

NYSE:FRGE • US34629L2025

Current stock price

45 USD
+0.19 (+0.42%)
At close:
44.99 USD
-0.01 (-0.02%)
After Hours:

Analyst forecast overview

View the latest analyst price targets, stock forecast, EPS estimates, revenue projections, revisions, full estimates, rating distribution and upgrades/downgrades for FORGE GLOBAL HOLDINGS INC (FRGE).

Forecast Snapshot

Consensus Price Target

Price Target
$45.90
+ 2.00% Upside
→ Price target details

Next Earnings Forecast

Earnings Estimate
Release Date
May 1, 2026
Period
Q4 / 2025
EPS Estimate
-$0.83
Revenue Estimate
27.397M
→ Full earnings forecast details

ChartMill Buy Consensus

Rating
48.89%
Weighted Analyst Rating Score
→ Analyst Ratings details

Price Target Details & History

Consensus Price Target and Range

Mean target
$45.90
Upside
+ 2.00%
From current price of $45.00 to mean target of $45.90, Based on 9 analyst forecasts
Low
$45.45
Median
$45.90
High
$47.25

Price Target Revisions

1 Month
0.00%
3 Months
-10.00%

Price Target Summary

9 Wall Street analysts provided a forecast for the next 12 months for FRGE. The average price target is 45.9 USD. This implies a price increase of 2% is expected in the next year compared to the current price of 45.
The average price target has been revised downward by 10% in the past 3 months.
→ Find peer stocks trading 30% below analyst price target

Analyst Ratings & History

Current Analyst Ratings

FRGE Current Analyst RatingFRGE Current Analyst Buy, Sell and Hold Ratings.Current Analyst Rating Strong Buy Buy Hold Sell Strong Sell 1 2 3 4 5

Analyst Ratings History

FRGE Historical Analyst RatingsFRGE 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 2 4 6 8 10

Analyst Ratings Consensus

ChartMill Buy Consensus
48.89%
FRGE was analyzed by 9 analysts. The buy percentage consensus is at 49. So analysts seem to be rather neutral about FRGE.
In the previous month the buy percentage consensus was at a similar level.
FRGE was analyzed by 9 analysts. More opinions would make the average more meaningful.
→ Find peer stocks with a buy consensus above 85%

Recent Upgrades & Downgrades

DateFirmActionFrom → To
2025-12-12CitizensDowngrade Market Outperform -> Market Perform
2025-11-11UBSDowngrade Buy -> Neutral
2025-08-06UBSMaintains Buy -> Buy
2025-05-12Piper SandlerUpgrade Neutral -> Overweight
2025-04-11JMP SecuritiesReiterate Market Outperform -> Market Outperform
2025-04-08JMP SecuritiesMaintains Market Outperform -> Market Outperform
2025-01-07JP MorganDowngrade Neutral -> Underweight
2024-09-03UBSUpgrade Neutral -> Buy
2024-04-09JMP SecuritiesReiterate Market Outperform -> Market Outperform
2024-03-28JMP SecuritiesReiterate Market Outperform -> Market Outperform
2024-03-27OppenheimerMaintains Outperform -> Outperform
2023-08-09OppenheimerMaintains Outperform -> Outperform
2023-07-10JMP SecuritiesReiterate Market Outperform -> Market Outperform
2023-05-10JMP SecuritiesReiterate Market Outperform
2023-04-10JMP SecuritiesMaintains Market Outperform
2023-03-13JMP SecuritiesReiterate Market Outperform
2023-03-01OppenheimerMaintains Outperform
2023-01-10JMP SecuritiesMaintains Market Outperform
2022-11-30UBSInitiate Neutral
2022-11-22Piper SandlerInitiate Neutral
2022-08-26William BlairMaintains Market Perform
2022-08-26JMP SecuritiesInitiate Market Outperform

Next Earnings Forecast Details

Next Earnings Details

Release Date
May 1, 2026
Period
Q4 / 2025
EPS Estimate
-$0.83
Revenue Estimate
27.397M
Revenue Q2Q
47.38%
EPS Q2Q
30.73%
Number of Analysts
6

Next Earnings Revisions

Revenue (1 Month)
0.00%
Revenue (3 Months)
0.00%
EPS (1 Month)
0.00%
EPS (3 Months)
0.00%

Next Earnings Summary

FRGE is expected to report earnings on 5/1/2026. The consensus EPS estimate for the next earnings is -0.83 USD and the consensus revenue estimate is 27.40M USD.
The next earnings revenue estimate has been revised downward by 0% in the past 3 months.
→ Find peers expecting at least 20% revenue growth next quarter

Full Analyst Estimates 2025 - 2027

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

2022 2023 2024 2025 2026 2027
Revenue
YoY % growth
FRGE revenue by date.FRGE revenue by date.
69.4M
-45.82%		69.821M
0.61%		79.329M
13.62%		105.59M
33.10%		131.01M
24.07%		147.63M
12.69%
EBITDA
YoY % growth
FRGE ebitda by date.FRGE ebitda by date.
-105.67M
-2,910.54%		-83.896M
20.61%		-74.553M
11.14%		-27.103M
63.65%		-4.117M
84.81%		9.282M
325.43%
EBIT
YoY % growth
FRGE ebit by date.FRGE ebit by date.
-111.7M
-1,155.06%		-90.85M
18.67%		-81.211M
10.61%		-51.943M
36.04%		-31.736M
38.90%		-15.055M
52.56%
Operating Margin
FRGE operating margin by date.FRGE operating margin by date.
-160.95%-130.12%-102.37%-49.19%-24.22%-10.20%
EPS
YoY % growth
FRGE eps by date.FRGE eps by date.
N/A-7.80
32.03%		-5.40
30.77%		-3.98
26.33%		-2.33
41.35%		-0.72
68.96%

All data in USD

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

Q4 / 25 Q1 / 26 Q2 / 26 Q3 / 26 Q4 / 26 Q1 / 27 Q2 / 27 Q3 / 27 Q4 / 27
EPS
Q2Q % growth		-0.83
30.73%		-0.72
44.57%		-0.62
53.64%		-0.70
48.70%		-0.53
36.20%		-0.60
15.83%		-0.54
12.97%		-0.71
-1.60%		-0.65
-23.08%
Revenue
Q2Q % growth		27.397M
47.38%		31.345M
23.91%		33.879M
22.13%		32.37M
52.26%		36.042M
31.55%		33.66M
7.39%		34.68M
2.36%		31.62M
-2.32%		32.64M
-9.44%
EBITDA
Q2Q % growth		-4.7M
60.96%		-2M
87.12%		-1.869M
79.60%		-1.095M
93.82%		1.269M
127.00%		1.938M
196.89%		2.754M
247.38%		510K
146.55%		1.326M
4.49%
EBIT
Q2Q % growth		-10.245M
45.21%		-7.934M
51.83%		-8.296M
23.52%		-8.093M
60.12%		-7.873M
23.15%		-8.16M
-2.85%		-7.14M
13.93%		-9.18M
-13.44%		-8.16M
-3.64%

All data in USD

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

FRGE Yearly Revenue VS EstimatesFRGE Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2020 2021 2022 2023 2024 2025 2026 2027 50M 100M
FRGE Yearly EPS VS EstimatesFRGE Yearly EPS VS EstimatesYearly EPS VS Estimates 2022 2023 2024 2025 2026 2027 -2 -4 -6 -8 -10

Long Term Forward Growth Forecast Summary

Long Term EPS Growth (CAGR)

EPS Next 3 Year
23.11%
EPS Next 5 Year
N/A

Long Term Revenue Growth (CAGR)

Revenue Next 3 Year
21.12%
Revenue Next 5 Year
N/A

Long Term EBIT Growth (CAGR)

EBIT Next 3 Year
28.30%
EBIT Next 5 Year
N/A
→ Find peers expecting at least 20% CAGR revenue growth over the next 3 years

FORGE GLOBAL HOLDINGS INC / FRGE Forecast FAQ

What do analysts expect the price target to be for FORGE GLOBAL HOLDINGS INC (FRGE)?

9 analysts have analysed FRGE and the average price target is 45.9 USD. This implies a price increase of 2% is expected in the next year compared to the current price of 45.

When does FORGE GLOBAL HOLDINGS INC (FRGE) report earnings?

FORGE GLOBAL HOLDINGS INC (FRGE) will report earnings on 2026-05-01.

What are the consensus estimates for FORGE GLOBAL HOLDINGS INC (FRGE) next earnings?

The consensus EPS estimate for the next earnings of FORGE GLOBAL HOLDINGS INC (FRGE) is -0.83 USD and the consensus revenue estimate is 27.40M USD.

What is the number of analysts for FRGE stock?

The number of analysts covering FORGE GLOBAL HOLDINGS INC (FRGE) is 9.