Citizens JMP Reiterates Market Outperform Rating on Forge Global Holdings Inc (FRGE)

Citizens JMP analyst Devin Ryan reiterated a Market Outperform rating and $60.00 price target on Forge Global Holdings Inc (NYSE: FRGE).

The analyst commented, “We reiterate our Market Outperform rating and $60 price target. Overall, we were pleased with the better first quarter, management's commentary that it believes it can meet current consensus for 2Q despite some market uncertainty, and most importantly, its ongoing focus on pushing strategic initiatives forward amidst a sub-optimal environment while also increasingly focusing on cost efficiency.”

For an analyst ratings summary and ratings history on Forge Global Holdings Inc click here. For more ratings news on Forge Global Holdings Inc click here.

Shares of Forge Global Holdings Inc closed at $13.41 yesterday.

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