JPMorgan analyst Michael Cho upgraded Forge Global (FRGE) to Neutral from Underweight with an $18 price target after assuming coverage of the name. While the near-term backdrop continues to remain uncertain, Forge is making progress against its strategic initiatives and continues to broaden the business with more partnerships and a prospective acquisition, the analyst tells investors in a research note. The firm appreciates that Forge continues to push ahead across its strategic initiatives and efforts to diversify the business.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FRGE:
- Hold Rating for Forge Global Holdings Amid Strong Q1 Growth and Future Uncertainties
- Forge Global’s Mixed Earnings Call: Growth Amid Challenges
- Forge Global upgraded to Overweight from Neutral at Piper Sandler
- Forge Global Holdings Inc. Achieves Record Revenue in Q1 2025
- Forge Global reports Q1 EPS ($1.29), consensus (71c)