Do Analysts Expect ForgeRock Inc (FORG) Stock to Rise After It Has Fallen -4.15% in a Month?

Tuesday, May 16, 2023 03:33 PM | InvestorsObserver Analysts

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Do Analysts Expect ForgeRock Inc (FORG) Stock to Rise After It Has Fallen -4.15% in a Month?

InvestorsObserver is giving ForgeRock Inc (FORG) an Analyst Rating Rank of 5, meaning FORG is ranked higher by analysts than 5% of stocks. The average price target for FORG is $22.321 and analyst’s rate the stock as a Hold.

Wall Street analysts are rating FORG a Hold today. Find out what this means to you and get the rest of the rankings on FORG!

See Full FORG Report

Why are Analyst Ratings Important?

You can learn a lot about a company from looking at it’s financial statements and comparing them to other companies. Analysts who cover an industry in depth can add even more to your research though. They typically follow a particular sector or industry very closely. They also pay attention to and ask questions on earnings conference calls and other events where they might learn information that does show up in the numbers. InvestorsObserver takes the average rating from these analysts, and then percentile ranks those averages. This lets you compare stocks in a much more granular way than just seeing the typical five-tiered rating system used on most of Wall Street.

What's Happening With ForgeRock Inc Stock Today?

ForgeRock Inc (FORG) stock is trading at $19.86 as of 3:30 PM on Tuesday, May 16, a loss of -$0.25, or -1.22% from the previous closing price of $20.10. The stock has traded between $19.75 and $20.05 so far today. Volume today is 622,232 compared to average volume of 532,015. Click Here to get the full Stock Report for ForgeRock Inc stock.