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Forge Global Holdings (FRGE) Receives New Price Target and Maintained Rating: A Closer Look
ByAinvest
Friday, Aug 8, 2025 8:07 pm ET1min read
UBS analyst Alex Kramm has reiterated a "Buy" rating for Forge Global Holdings (FRGE) with a raised price target of $34.00, a 13.33% increase from the previous $30.00 target. The analyst's confidence in the company's future performance has driven this adjustment. The ongoing coverage and changes in price targets highlight evolving market perceptions of Forge Global Holdings.
UBS analyst Alex Kramm has reiterated a "Buy" rating for Forge Global Holdings (FRGE) with a raised price target of $34.00, a 13.33% increase from the previous $30.00 target. The analyst's confidence in the company's future performance has driven this adjustment.Kramm's latest report highlights the positive outlook for Forge, which has recently reported its second consecutive quarter of record revenue as a public company. The company's total revenues less transaction-based expenses increased 28% year-over-year to $52.7 million, with a 10% quarter-over-quarter increase to $27.6 million in the second quarter of 2025 [1].
Forge's financial performance has been bolstered by strategic initiatives such as the launch of its Next Generation Marketplace and a partnership with Fortune Media to launch private market lists and rankings. Additionally, the company has expanded its investment management and wealth capabilities through the acquisition of Accuidity [1].
The analyst's optimism is reflected in the company's strong trading volume, which increased to $1.4 billion year-over-year, exceeding the full year 2024 trading volume. Furthermore, the company's adjusted EBITDA loss improved 33% year-over-year to $14.3 million, with the second quarter loss of $5.4 million being the lowest as a public company [1].
Kramm's updated price target reflects a growing consensus among investors and analysts that Forge Global Holdings is well-positioned to capitalize on the accelerating demand for modern private market infrastructure. The company's strategic focus and strong financial performance have contributed to this positive market perception.
References:
[1] https://www.morningstar.com/news/business-wire/20250730647055/correcting-and-replacing-forge-global-holdings-inc-reports-second-quarter-fiscal-year-2025-results
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