Forge Global Holdings Inc. stock has been maintaining a Market Outperform rating from Citizens, which expects the company to recover and deliver strong growth. The firm estimates that Forge’s addressable market could support $100-200 million in earnings before interest, taxes, and depreciation (EBITDA) over the next five years.
The company recently reported a significant increase in revenue during its second-quarter earnings for fiscal year 2025. Despite facing challenges with declining market value and dwindling cash reserves, Forge Global is exploring options for growth. Analysts believe that an acquisition could strengthen the company’s intermediate-term outlook by connecting it with a better-capitalized partner.
Recent developments include a new lease agreement for Forge Global’s headquarters in San Francisco, as well as CEO Kelly Rodriques voluntarily forfeiting restricted stock units to help attract and retain key personnel. These moves underscore a period of strategic activity and financial performance for the company.
Analysts have expressed optimism about Forge Global’s growth potential, with some even noting that an AI-powered strategy has identified the stock as a winner. To learn more about this winning strategy and whether it includes Forge Global Holdings Inc., click on the link below.
Source: https://www.investing.com/news/analyst-ratings/forge-global-stock-rating-reiterated-at-market-outperform-by-citizens-93CH-4312468