FRGE trades 25.9% above Wall Street's consensus target of $33.33.
Last 12 months price action with 12-month analyst target path
The base valuation assumes FRGE achieves its forward estimates and maintains a stable P/E multiple of historical averagesx. This scenario reflects the blended consensus of 5 Wall Street analysts, balancing both positive catalysts and macroeconomic headwinds over the next 12 months.
As of June 21, 2026, Forge Global Holdings, Inc. (FRGE) has a Wall Street consensus price target of $33.33, based on estimates from 5 covering analysts. With the stock currently trading at $45.00, this represents a potential downside of -25.9%. The company has a market capitalization of $549M.
Analyst price targets range from a low of $10.00 to a high of $45.00, representing a 105% spread in expectations. The median target of $45.00 differs from the mean, suggesting potential outlier estimates. The wide target spread reflects significant disagreement on fair value.
The current analyst consensus rating is Hold, with 2 analysts rating the stock as a Buy or Strong Buy,3 rating it Hold, and 0 rating it Sell or Strong Sell. The mixed ratings reflect uncertainty about near-term direction.
From a valuation perspective, FRGE trades at a trailing P/E of -8.3x. Analysts expect EPS to grow +46.4% over the next year.
| Company | Market Cap | Price | Target | Upside Potential | Rating | Fwd P/E | Analysts |
|---|---|---|---|---|---|---|---|
ICEIntercontinental Exchange, Inc. | $75.8B | $133.88 | $194.00 | +44.9% | Buy | 16.5x | 36 |
CBOECboe Global Markets, Inc. | $26.1B | $249.10 | $314.67 | +26.3% | Hold | 18.5x | 31 |
MKTXMarketAxess Holdings Inc. | $4.3B | $120.33 | $177.80 | +47.8% | Hold | 15.0x | 24 |
TWTradeweb Markets Inc. | $21.2B | $99.49 | $127.67 | +28.3% | Buy | 24.6x | 28 |
LPROOpen Lending Corporation | $368M | $3.11 | $3.08 | -1.0% | Hold | 29.0x | 12 |
KOREKORE Group Holdings, Inc. | $181M | $9.20 | — | — | Buy | — | 9 |
SCHWThe Charles Schwab Corporation | $160.7B | $91.70 | $121.89 | +32.9% | Buy | 14.9x | 50 |
MSMorgan Stanley | $355.5B | $223.17 | $201.25 | -9.8% | Buy | 18.8x | 52 |
GSThe Goldman Sachs Group, Inc. | $348.3B | $1096.56 | $972.70 | -11.3% | Hold | 18.5x | 55 |
NTRSNorthern Trust Corporation | $31.9B | $172.11 | $153.75 | -10.7% | Hold | 15.9x | 35 |
Quick answers to the most common questions about buying FRGE stock.
FRGE's consensus price target is $33.33, -25.9% below the current price of $45. The 5 analysts tracking FRGE see downside risk at present valuations.
FRGE has a consensus rating of "Hold" based on 5 Wall Street analysts. The rating breakdown is mixed, with 3 Hold ratings making up the largest segment. The consensus 12-month price target of $33.33 implies -25.9% downside from current levels.
FRGE's current price is $45 with a consensus target of $33.33 (-25.9% implied move). Analyst estimates suggest the stock is overvalued at current levels.
The most bullish Wall Street analyst has a price target of $45 for FRGE, while the most conservative target is $10. The consensus of $33.33 represents the median expectation. These targets typically reflect 12-month expectations.
FRGE is moderately covered, with 5 analysts providing price targets and ratings. Of these, 0 have Strong Buy ratings, 2 have Buy ratings, 3 recommend Hold, and 0 have Sell or Strong Sell ratings. Higher analyst coverage generally indicates greater institutional interest and more reliable consensus estimates.
The 12-month FRGE stock forecast based on 5 Wall Street analysts shows a consensus price target of $33.33, with estimates ranging from $10 (bear case) to $45 (bull case). The median consensus rating is "Hold".
Analysts are cautious on FRGE, with 0 Sell ratings and a price target of $33.33 (-25.9% from current price). The "Hold" consensus suggests careful evaluation before buying. This information is for educational purposes only. Always conduct your own research, consider your financial situation, and consult a financial advisor before making investment decisions.
FRGE analyst price targets range from $10 to $45, a 105% wide spread indicating significant analyst disagreement. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $33.33 consensus represents the middle ground.
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