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Forge Global Holdings ( (FRGE) ) has shared an update.
On November 5, 2025, Forge Global Holdings, Inc. agreed to be acquired by The Charles Schwab Corporation in an all-cash merger that would see Forge become a wholly owned subsidiary of Schwab, with the company subsequently filing a definitive proxy statement on December 15, 2025, ahead of a special shareholder meeting scheduled for January 22, 2026 to approve the transaction. Since mid-December 2025, four shareholder lawsuits have been filed in Illinois, New York and California alleging that Forge’s merger proxy disclosures were materially incomplete and misleading and asserting federal securities law and state-law claims; while Forge maintains the suits are meritless and denies any wrongdoing, it has issued supplemental proxy disclosures—detailing the sale process, the independence and prior affiliations of its special committee and financial advisor, and additional valuation assumptions—to reduce litigation risk and avoid potential delays or disruption to the Schwab transaction as of January 13, 2026.
The most recent analyst rating on (FRGE) stock is a Hold with a $45.00 price target. To see the full list of analyst forecasts on Forge Global Holdings stock, see the FRGE Stock Forecast page.
Spark’s Take on FRGE Stock
According to Spark, TipRanks’ AI Analyst, FRGE is a Neutral.
The overall stock score is primarily impacted by significant financial challenges, including persistent losses and negative cash flow. While technical analysis shows strong momentum, the overbought RSI suggests caution. Valuation metrics are weak due to negative earnings and lack of dividends, further weighing down the score.
To see Spark’s full report on FRGE stock, click here.
More about Forge Global Holdings
Forge Global Holdings, Inc. operates in the financial technology sector, providing a platform and related services that facilitate trading and liquidity in private company securities, positioning it at the intersection of capital markets infrastructure and the private secondary market.
Average Trading Volume: 493,245
Technical Sentiment Signal: Hold
Current Market Cap: $618.9M
Learn more about FRGE stock on TipRanks’ Stock Analysis page.