Forge Global Meets NYSE Listing Standards, Analysts Forecast $37.50 Average Target Price

Forge Global Holdings Inc (FRGE) has achieved NYSE compliance on share price requirements, adhering to Section 802.01C of the NYSE Listed Company Manual. Analysts forecast an average target price of $37.50, with an estimated upside of 164.83% from the current price. The company reported a 13% year-over-year revenue growth for 2024, with a 46% increase in marketplace revenue.

Forge Global Holdings Inc. (FRGE), a leading provider of marketplace infrastructure, data services, and technology and investment solutions for the private market, has regained compliance with the New York Stock Exchange (NYSE) continued listing criteria for minimum share price under Section 802.01C of the NYSE Listed Company Manual [1]. The company's closing share price on April 30, 2025, and the average closing share price for the 30 trading days ended April 30, 2025, were above the NYSE’s $1.00 minimum requirement.

The news comes as analysts forecast an average target price of $37.50 for Forge Global, with an estimated upside of 164.83% from the current price [2]. The company reported a 13% year-over-year revenue growth for 2024, with a 46% increase in marketplace revenue [3]. These developments suggest a positive outlook for the company's financial performance.

Forge Global's common stock will continue to be listed and trade on the NYSE, subject to the Company’s compliance with other NYSE continued listing standards. The company's earnings report for the first quarter of fiscal 2025 is scheduled for Tuesday, May 6, 2025, with a conference call scheduled for Wednesday, May 7, 2025, at 8:00 AM ET [3].

The forward-looking statements in this press release are subject to risks and uncertainties, which may cause actual outcomes to vary from those indicated by the forward-looking statements. These risks and uncertainties include market conditions and their impact on the trading price of Forge's common stock on the NYSE, and other risks and uncertainties detailed in the company's filings with the SEC [1].

References:
[1] https://www.morningstar.com/news/business-wire/20250502612932/forge-regains-compliance-with-nyse-continued-listing-standard
[2] https://stockanalysis.com/stocks/frge/revenue/
[3] https://www.marketbeat.com/stocks/NYSE/FRGE/earnings/

Ask Aime: "Is Forge Global poised for a surge after regaining NYSE compliance?"

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