Do Analysts Expect ForgeRock Inc (FORG) Stock to Rise After It Has Risen 5.84% in a Month?

Tuesday, July 18, 2023 01:28 PM | InvestorsObserver Analysts

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Do Analysts Expect ForgeRock Inc (FORG) Stock to Rise After It Has Risen 5.84% in a Month?

Wall Street is positive on ForgeRock Inc (FORG). On average, analysts give the stock a Hold rating. The average price target is $22.321, which means analysts expect the stock to increase by 9.90% over the next twelve months. That average ranking earns the stock an Analyst Rating of 5, which is better than 5% of stocks based on data compiled by InvestorsObserver.

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 $20.31 as of 1:18 PM on Tuesday, Jul 18, a rise of $0.10, or 0.52% from the previous closing price of $20.20. The stock has traded between $20.10 and $20.49 so far today. Volume today is low. So far 117,009 shares have traded compared to average volume of 694,856 shares. Click Here to get the full Stock Report for ForgeRock Inc stock.