In a report released today, Devin Ryan from JMP Securities reiterated a Buy rating on Forge Global Holdings (FRGE – Research Report), with a price target of $8.00. The company’s shares closed last Friday at $1.66.
According to TipRanks, Ryan is a 5-star analyst with an average return of 12.8% and a 58.79% success rate. Ryan covers the Financial sector, focusing on stocks such as Coinbase Global, Hercules Capital, and LPL Financial.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Forge Global Holdings with a $5.20 average price target, which is a 213.25% upside from current levels. In a report released on March 1, Oppenheimer also maintained a Buy rating on the stock with a $2.40 price target.
See today’s best-performing stocks on TipRanks >>
Based on Forge Global Holdings’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $16.74 million and a GAAP net loss of $26.12 million. In comparison, last year the company earned a revenue of $29.81 million and had a GAAP net loss of $6.36 million
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Motive Capital Corp is a blank check company.
Read More on FRGE:
