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NYSE: FORG
Forgerock Inc Stock Forecast, Predictions & Price Target

OverviewForecast
EarningsDividendOwnership

Analyst price target for FORG

Based on 8 analysts offering 12 month price targets for Forgerock Inc.
Min Forecast
$15.00-25.6%
Avg Forecast
$21.84+8.35%
Max Forecast
$30.00+48.81%

Should I buy or sell FORG stock?

Based on 9 analysts offering ratings for Forgerock Inc.
Hold
Strong Buy
1 analysts 11.11%
Buy
0 analysts 0%
Hold
8 analysts 88.89%
Sell
0 analysts 0%
Strong Sell
0 analysts 0%

Be the first to know when Wall Street analysts revise their FORG stock forecasts and price targets.

FORG stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDateAnalyst Color
Cowen & Co.
Top 6%
95
HoldDowngrades$23.25+15.33%2022-10-18
Truist Securities
Top 19%
82
HoldDowngrades$23.25+15.33%2022-10-13
Canaccord Genuity
Top 6%
95
HoldDowngrades$23.25+15.33%2022-10-12
Mizuho
Bottom 3%
3
HoldDowngrades$23.00+14.09%2022-10-12
BTIG
Top 8%
93
HoldDowngradesN/AN/A2022-10-12
Deutsche Bank
Top 11%
90
HoldMaintains$20.00-0.79%2022-08-12
Morgan Stanley
Bottom 17%
17
HoldMaintains$17.00-15.67%2022-08-12
JP Morgan
Bottom 1%
1
Strong BuyMaintains$30.00+48.81%2022-06-22
Deutsche Bank
Bottom 4%
4
HoldMaintains$15.00-25.60%2022-05-12
KeyBanc
HoldInitiates Coverage OnN/AN/A2022-04-05

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Forecast return on equity

Is FORG forecast to generate an efficient return?
Company
-6.89%
Industry
-10.08%
Market
51.58%
FORG's Return on Equity is... subscribe to Premium to read more.
Forecast High Return on Equity Forecast

Forecast return on assets

Is FORG forecast to generate an efficient return on assets?
Company
-4.41%
Industry
16.63%
FORG is forecast to generate... subscribe to Premium to read more.
Forecast Return on Assets vs Industry Forecast

FORG earnings per share forecast

What is FORG's earnings per share in the next 2 years based on estimates from 7 analysts?
Avg 1 year Forecast
-$0.61
Avg 2 year Forecast
-$0.25

FORG revenue forecast

What is FORG's revenue in the next 2 years based on estimates from 8 analysts?
Avg 1 year Forecast
$262.0M+20.45%
Avg 2 year Forecast
$333.6M+53.37%
FORG's revenue is forecast to... subscribe to Premium to read more.
Forecast High Revenue Growth Forecast

FORG revenue growth forecast

How is FORG forecast to perform vs Software - Infrastructure companies and vs the US market?
Company
20.45%
Industry
5.96%
Market
25.81%
FORG's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Industry Forecast
FORG's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Market Forecast

FORG vs Software Infrastructure Stocks

TickerPricePrice TargetUp/downsideConsensus
FORG$20.16$21.84+8.35%Hold
ETWO$5.43$9.25+70.35%Strong Buy
EVCM$9.91$11.11+12.12%Buy
CSGS$52.03$69.33+33.26%Buy
AVDX$7.78$10.85+39.46%Buy
View Top Software Infrastructure Stocks

Forgerock Stock Forecast FAQ

Is Forgerock Stock a good buy in 2023, according to Wall Street analysts?

The consensus among 9 Wall Street analysts covering (NYSE: FORG) stock is to Hold FORG stock.

Out of 9 analysts, 1 (11.11%) are recommending FORG as a Strong Buy, 0 (0%) are recommending FORG as a Buy, 8 (88.89%) are recommending FORG as a Hold, 0 (0%) are recommending FORG as a Sell, and 0 (0%) are recommending FORG as a Strong Sell.

If you're new to stock investing, here's how to buy Forgerock stock.

What is FORG's earnings growth forecast for 2023-2024?

(NYSE: FORG) Forgerock's forecast annual earnings growth rate of N/A is not forecast to beat the US Software - Infrastructure industry's average forecast earnings growth rate of 39.11%, and while it is not forecast to beat the US market's average forecast earnings growth rate of 78.57%.

Forgerock's earnings in 2023 is -$66,272,000.On average, 7 Wall Street analysts forecast FORG's earnings for 2023 to be -$53,153,433, with the lowest FORG earnings forecast at -$60,995,743, and the highest FORG earnings forecast at -$46,182,491.

In 2024, FORG is forecast to generate -$21,784,194 in earnings, with the lowest earnings forecast at -$44,439,756 and the highest earnings forecast at $17,427,355.

What is FORG's revenue growth forecast for 2023-2024?

(NYSE: FORG) Forgerock's forecast annual revenue growth rate of 20.45% is forecast to beat the US Software - Infrastructure industry's average forecast revenue growth rate of 5.96%, and while it is not forecast to beat the US market's average forecast revenue growth rate of 25.81%.

Forgerock's revenue in 2023 is $217,512,000.On average, 8 Wall Street analysts forecast FORG's revenue for 2023 to be $22,829,922,449, with the lowest FORG revenue forecast at $22,132,741,104, and the highest FORG revenue forecast at $23,684,647,085.

In 2024, FORG is forecast to generate $29,068,741,337 in revenue, with the lowest revenue forecast at $27,692,067,413 and the highest revenue forecast at $30,326,212,151.

What is FORG's forecast return on assets (ROA) for 2023-2024?

(NYSE: FORG) forecast ROA is -4.41%, which is lower than the forecast US Software - Infrastructure industry average of 16.63%.

What is FORG's Price Target?

According to 8 Wall Street analysts that have issued a 1 year FORG price target, the average FORG price target is $21.84, with the highest FORG stock price forecast at $30.00 and the lowest FORG stock price forecast at $15.00.

On average, Wall Street analysts predict that Forgerock's share price could reach $21.84 by Oct 18, 2023. The average Forgerock stock price prediction forecasts a potential upside of 8.35% from the current FORG share price of $20.16.

What is FORG's Earnings Per Share (EPS) forecast for 2023-2024?

(NYSE: FORG) Forgerock's current Earnings Per Share (EPS) is -$0.78. On average, analysts forecast that FORG's EPS will be -$0.61 for 2023, with the lowest EPS forecast at -$0.70, and the highest EPS forecast at -$0.53. In 2024, FORG's EPS is forecast to hit -$0.25 (min: -$0.51, max: $0.20).

What is FORG's forecast return on equity (ROE) for 2023-2024?

(NYSE: FORG) forecast ROE is -6.89%, which is considered weak.
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