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 $7.00. The company’s shares closed yesterday at $1.94.
Ryan covers the Financial sector, focusing on stocks such as Coinbase Global, LPL Financial, and Raymond James Financial. According to TipRanks, Ryan has an average return of 21.4% and a 68.80% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Forge Global Holdings with a $4.17 average price target.
Based on Forge Global Holdings’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $29.41 million and a GAAP net loss of $25.72 million. In comparison, last year the company earned a revenue of $16.73 million and had a GAAP net loss of $26.12 million
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Forge Global Holdings (FRGE) Company Description:
Motive Capital Corp is a blank check company.
