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Forge Global Soars 13.35% on Share Buyback Plan
Generated by AI AgentAinvest Pre-Market Radar
Friday, Jun 13, 2025 8:44 am ET1min read
Forge Global's stock surged 13.35% in pre-market trading on June 13, 2025, marking a significant rise that has caught the attention of investors and analysts alike.
Forge Global's board approved a share buyback plan on March 5th, 2025, allowing the company to repurchase $10,000,000 in outstanding shares. This move is seen as a strategic effort to enhance shareholder value and stabilize the stock price.
Analysts have provided varying price targets for
, with the highest target set at $60.00 and the lowest at $18.00. The average price target suggests a potential upside of 131%, indicating strong optimism among market experts.Technical analysis indicators currently place Forge Global in a favorable trading position, suggesting a "BUY" recommendation. This positive outlook is supported by the company's recent performance and strategic initiatives.
Morgan Stanley has upgraded Forge Global to a "Hold" rating, with a target price of $18.00. This adjustment reflects the analyst's confidence in the company's future prospects, despite the recent volatility in the market.
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