Forrester Research Undervalued by 50%, Estimates Suggest Fair Value of $14.28

Forrester Research's projected fair value is $14.28 based on a 2-stage free cash flow to equity model, indicating it may be 50% undervalued with a share price of $7.19. The fair value estimate is 19% higher than the analyst price target of $12.00. The DCF model takes into account the company's growth stages and discounts future cash flows to their present value.